It was February 2020, the world was still spinning on its axis.
LocalCryptos was running a competition, where users got to vote for their favourite cryptocurrency to be the next added to the P2P marketplace. At the time the P2P marketplace was only supporting Ethereum and Bitcoin. Now LocalCryptos were looking to add a 3rd cryptocurrency.
Dash, EOS.IO and Litecoin were named in November 2019, as being on the LocalCryptos shortlist. Over time they were planning to add more cryptocurrencies to their P2P marketplace.
The cryptocurrency with the most votes by 20th February, would be the next crypto to be added to LocalCryptos. Both users of the P2P marketplace and guests were eligible to vote for their favourite crypto. They only requirement was that you have a valid email address. A verification email would then sent to your address.
One of my early posts on Publish0x covered the voting:
The post was updated daily with live voting results. Early on it became a 2 horse race between the Dash and Litecoin communities. It was a lot of fun, with some friendly banter on twitter between the two opposing communities. Each crypto has a very active community, that thinks their coin is the best and they were vying for the bragging rights.
Dash took an early lead but with only 8 hours left till voting closed, Litecoin quickly closed the gap and took the lead.
Litecoin finished with 3,017 votes, 976 ahead of Dash.
Today LocalCryptos Announces
The ribbon has been cut! You can start trading Litecoin on the most popular non-custodial P2P crypto marketplace.
Last week, we announced the arrival of Litecoin (LTC) to LocalCryptos, and enabled users to post their ads ahead of the launch. Today, the LTC marketplace goes live!
To celebrate the launch, we’re cutting our trading fee to 0% for the first three days. Until June 18, buying and selling LTC on LocalCryptos is free!
An example of Litecoin listings in Australia
But Thats Not All
In fact, there’s a new crypto coming soon to LocalCryptos. Can you guess which one is next in our list? Hint: it’s not Dogecoin.
Stay tuned to our social networks and keep your subscription on, because on June 29 we’re announcing the next cryptocurrency to join the most popular non-custodial peer-to-peer crypto marketplace.
It is definitely not Dogecoin, sorry to disappoint all you Dogecoin fans.
But LocalCryptos have hinted in their Jun 8 notification to subscribers
LTC is arriving at LocalCryptos. But Dash could be next!
So it is highly likely that Dash, the runner up in the February voting, will be the 4th cryptocurrency to be added to the P2P marketplace. We will wait with bated breath, for the June 29 announcement.
Who/What is LocalCryptos?
LocalCryptos began life as LocalEthereum in 2017 before changing their name in November 2019 when support for Bitcoin was added.
LocalCryptos is a peer-to-peer marketplace where you can buy and sell Bitcoin, Ethereum and now Litecoin.
You are never buying cryptocurrency from or selling cryptocurrency to LocalCryptos. You are always exchanging directly with another user. All fiat payments are made outside the platform using regular payment channels, directly from person to person.
LocalCryptos charges a 0.25% fee for the maker (the person who placed the offer listing) and 0.75% for the taker (the person responding to the offer). The reason for the significant discount on makers is because LocalCryptos wants to encourage people to place offers.
They have an impressive number of payment options available:
- bank transfer
- cash in person
- cash deposit
- WeChat Pay
- Western Union
- Sepa Transfer
- Mercado Pago
- Chipper Cash
- MTN Mobile Money
- Gift Card
- M-Pesa (Kenya)
- UPI (India)
- IMPS (India)
- Paytm (India)
- Alfa cash-in (Russia)
- Yandex.Money (Russia)
- AdvCash (Russia)
- Interac e-Transfer (Canada)
- Swish (Sweden)
- Efecty (Colombia)
- Cardless Cash (Australia)
- PayNow (Singapore)
- Pingit (UK)
- EcoCash (Zimbabwe)
This year LocalCryptos is experiencing surging volume growth, with hot spots in Africa, Latin America, and Asia. In the month of May alone volume had grown more than 2 times.
The rise of non-custodial P2P trading is proof of a worldwide craving for a new financial system without middlemen.
Crypto lets us achieve this.
I hope you found this post interesting and informative. I always enjoy doing the research and putting it all together.
Feel free to post comments, as a publisher all feedback is greatly appreciated.
Or a thumbs up if you enjoyed your read.