LocalEthereum adds support for Bitcoin after rebranding to LocalCryptos
|- LocalCryptos rebranding is a major milestone to ensure that users have access to many digital assets.
- In the future, the platform will add support ERC20 standard tokens.
LocalEthereum, a direct competitor for P2P platform LocalBitcoins is eyeing a bigger market share by adding support for Bitcoin. The platform in a blog post on November announced that its dropping the name LocalEthereum and taking up LocalCryptos. The move is to ensure that they team is able to support other digital assets including BTC.
“This is a large milestone for the platform and our community of more than 100,000 peer-to-peer traders. More than a name change, LocalCryptos is a leap toward making true peer-to-peer trading available to everyone,” the blog post said in part.
The platform prides itself in being able to put the user first by ensuring that he or she remains in control of the private keys at all times. The platform is said to serve over 100,000 users spread in different parts of the world. In the near future:
“LocalCryptos will list some of the most popular Ethereum-based tokens over time. We’ll develop a new smart contract to handle ERC20s, and, in the more distant future, ERC721s.”
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.