Localbitcoins Adds Bitcoin Cash and Other Cryptocurrencies as Payment Methods
Localbitcoins, one of the biggest P2P exchanges in the world, has added Bitcoin Cash and other cryptocurrencies as payment methods to acquire Bitcoin on its platform. This marks a clear departure from the earlier position of the company, which hadn’t added new payment methods and had remained Bitcoin-only for some time. Localbitcoins Adds Bitcoin Cash and Other Cryptos Localbitcoins, one of the biggest P2P cryptocurrency exchanges in the world, is now allowing its users to purchase Bitcoin with other cryptos, in a departure from its earlier Bitcoin-only approach. The company....
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California residents: some good news for you this Tuesday morning. It would appear that lawmakers in California have approved a specific measure that would make the use of bitcoin and other alternative currencies simpler in the Golden State. That's according to CNBC, who adds that the bill will effectively repeal what is considered to be an outdated law that bans business be done with anything other than the United States dollar. "This bill is intended to fine-tune current law to address Californians' payment habits in the mobile and digital fields," said the bill's author, Roger....
Many people use LocalBitcoins for many reasons, but lately its volume has increased a lot. This, of course, brings up the question of what it means for Bitcoin. Is Bitcoin going mainstream, are people stocking up for a coming increase, or is LocalBitcoins one of the more convenient places to sell bitcoins these days? It's hard to tell if any, or all of these are the case. Indeed, LocalBitcoins is one of the fastest ways to get it done. After three confirmations, if you find a buyer, you complete your transaction and you have your money. Also read: Greece is not Buying Bitcoin. Unless you....
A new survey has found that consumers believe bitcoin to be more inconvenient than traditional payment methods such as credit cards and checks. Conducted by prepaid and gift card product provider Blackhawk Network in April, the poll canvassed 1,000 US consumers, questioning them about their sentiment toward both traditional and emerging payment methods. In total, 18% of respondents reported using alternative payment methods such as Apple Pay, Samsung Pay and bitcoin within the last year. Sixty-eight percent of these consumers indicated they used the products more than they did in 2014.....
Bitcoinist.net had the opportunity to talk to founder of LocalBitcoins.com founder Jeremias Kangas recently. Jeremias speaks at length about how he got started in bitcoin, government intervention, the current state of LocalBitcoin.com and where they are headed in the future. “LocalBitcoins.com is a marketplace for trading bitcoins locally to cash or online payments of your choice. LocalBitcoins.com facilitates peer-to-peer bitcoin transactions.” What is the history of LocalBitcoins.com – how did it get started?
Just last weekend, LocalBitcoins set its weekly record trading volume. Across disparate regions, there seems to be a unifying trend: volume is increasing on LocalBitcoins. But this has left some wondering: how much of this trading volume is due to fraud? Most of the transactions done on LocalBitcoins are not done via peer-to-peer cash transactions, but instead on transactions based around intermediary financial institutions. Does this mean that more and more people are dealing in bitcoins by depositing money in other individuals accounts? Nonetheless, it appears on LocalBitcoins, at least,....