Blockchain News

LocalBitcoins Hits New Milestone, Reaching 200,000 Cell App Downloads

Written by James Smith

LocalBitcoins is scaling the heights as a result of its cellular app obtainable on iOS and Android surpassed 200,000 downloads.

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The world’s main peer-to-peer (P2P) Bitcoin market is now obtainable in 19 totally different languages after 5 extra have been added.

Jukka Blomberg, the chief advertising and marketing officer at LocalBitcoins, famous that crypto adoption was going a notch increased. He stated:

“The adoption is actually superb. Just some months after launching our common Bitcoin buying and selling app for iOS and Android, we’ve crossed the 200,000 obtain milestone.”

With the first goal of LocalBitcoins being monetary inclusion for folks throughout the globe in terms of shopping for, storing, and transferring Bitcoin in a safe, quick, and straightforward means, Blomberg believes that the cellular utility route is good.

He added:

“The LocalBitcoins cellular app is at the moment obtainable in 19 languages, the newest additions being Bengali, Hindi, Korean, Thai and Vietnamese. This demonstrates our dedication to delivering straightforward and inclusive entry to cryptos for each single individual all over the world.”

P2P platforms like LocalBitcoins have performed an instrumental function in crypto adoption on African soil. As an example, in July 2021, Africa recorded the biggest Bitcoin P2P quantity development as a result of youths throughout the continent have been taking on the mantle of bettering their lives and their households via cryptocurrencies

In the meantime, in 2020, LocalBitcoins partnered with Elliptic, a world supplier of crypto asset threat administration options, to tame the headache of its unlawful utilization via blockchain-enabled monitoring instruments.

In consequence, measures reminiscent of know-your-customer (KYC) and the European Union’s Fifth Cash Laundering Directive (5AMLD) have been integrated.

Subsequently, these initiatives confirmed that the crypto area was not being left behind in adopting new regulatory measures via technology-enabled and stringent anti-money laundering controls. 

Picture supply: Shuttstock


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James Smith

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