Tuesday, August 9, 2022
Home Crypto News Market Localbitcoins, Top Crypto P2P Platform Now Accepts Bitcoin Cash (BCH) And Co...

Localbitcoins, Top Crypto P2P Platform Now Accepts Bitcoin Cash (BCH) And Co As Payment Method

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Localbitcoins, a leading crypto peer-to-peer (P2P) platform, now accepts Bitcoin Cash (BCH), Cardano (ADA) Chainlink (LINK), Tether (USDT), Dogecoin (DOGE) and USD Coin (USDC) as payment methods. LocalBitcoins is similar to platforms like Binance P2P, and Paxful.

Bitcoin cash and other crypto can now be used to create advertisements on the P2P trading platform.

In their blog post, the LocalBitcoins said,

“You asked, we complied! Some highly anticipated altcoins have now been added as payment methods! ”

LocalBitcoins also announced the inclusion of over 40 other alternative payment methods such as AirTM, Support Account Transfers, MercadoPago, Chime and PIX in Brazil, which will be available in a number of countries listed in their medium post.

Among bitcoin traders, there is a battle for supremacy between LocalBitcoins and Paxful. The former is dominant in Latin America, where it has taken root as the only option for traders. A legal restriction prevents Paxful from trading cryptocurrencies in Venezuela. And according to a report by blockchain data firm Chainalysis, Venezuela has one of the highest crypto adoption rates in the world.

Bitcoin Cash is gaining attraction of plenty of business. As BCH is accepted by more than 600 business worldwide. The most recent business that start accepting BCH are LocalBitcoins, Airbaltic, Cryptoclothing.cc, CryptoStop, Ping Proxies, and LNOcasino.club

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The content is for informational purposes only and may include the author’s personal opinion, and does not necessarily reflect the opinion of TheCryptoBasic. All Financial investments, including crypto, carry significant risk, so always do your complete research before investing. Never invest money you cannot afford to lose; the author or the publication does not hold any responsibility for your financial loss or gains.

Ammara Mubin
Ammara Mubin is a cryptocurrency reporter and trader with vast experience in the industry. Mubin has written several news stories related to the crypto industry, including non-fungible tokens (NFTs), decentralized finance (DeFi), fundraising, mining, etc. Her major focus is covering regulatory events that are capable of shaping the entire crypto ecosystem.


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