Exclusive Interview with Founder of LocalBitcoins.com: Jeremias Kangas
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?
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Jeremias Kangas is the CEO and founder of localbitcoins.com, as well as several other Bitcoin ventures. He is a software developer from Finland and one half of the Kangas bros team. He irradiates optimism about Bitcoin and the endless possibilities it brings, he also understands its resilience and expects it to thrive despite the many attacks that it will probably suffer from the old order that it disrupts and will displace. Bitcoin Magazine: Why, when and how did you become interested in Bitcoin? Jeremias Kangas: I just spotted an article about it on hacker news, and instantly started....
LocalBitcoins has added a new section to its website where users can send and manage invoices, allowing them to receive customer payments in bitcoin. The offering marks the peer-to-peer platform's first merchant-specific product, and follows a period of heavy demand, according to founder and CEO Jeremias Kangas. Kangas framed the tool as a basic offering that would nonetheless prove effective at meeting the needs of merchants today before expanding to include additional functionality later. He told CoinDesk: "Many of our users have requested this feature, and it extends quite nicely our....
Bitcoin marketplace LocalBitcoins.com has produced a bitcoin ATM and is preparing to mass-manufacture the machine, which was launched on 17th February. The Helsinki-based company said the machine can perform two-way conversions between bitcoin and fiat currency. Each unit is priced at €1,990 (approx $2,732) and the firm has built five so far. LocalBitcoins founder Jeremias Kangas said: "We have a pretty good chance of entering [the ATM market]. Of course there are existing companies but our model is much more cost-effective." The LocalBitcoins machine will also obtain its conversion rates....
New details have emerged from the LocalBitcoins management team following its announcement this week that it would abruptly halt services in Germany. The peer-to-peer bitcoin marketplace is one of the older and more popular bitcoin startups, having launched in July 2012, though its users have faced legal troubles in some jurisdictions. Adding fuel to speculation was the original announcement from LocalBitcoins that it would shutdown its services due to "regulatory reasons". http://t.co/byGAoG3WSI won't be available in Germany anymore due to regulatory reasons. We hope this is temporary.....
The difference in the official and unofficial rate for Argentinian pesos is now so pronounced that at least one bitcoin exchange has acknowledged it. Localbitcoins.com has decided to publish a 'blue dollar' exchange rate for the currency. The escrow-based decentralised bitcoin exchange service has produced a symbol for the blue dollar rate called XAR, and is using it to calculate bitcoin exchange rates. The black market rate in Argentina is a result of rocketing inflation, and tension over a possible default. This has led Argentinians to hoard dollars, while the authorities have imposed....