Hodl Hodl, a P2P Bitcoin (BTC) exchange company, has recently published a new blog post explaining that it devised an extension that can be used by Chinese users. The goal is to bypass the country’s firewall, this way, Chinese users will be able to use the company’s services.
The reason why the service was not working until now was that the company was using Google’s reCAPTCHA service to weed out spammers. By deciding to use another method, the company was no longer blocked by the firewall and now Chinese users will be free to access it.
Artur, one of the managers of the company, was interviewed by Coindesk and affirmed that the so-called China’s Great Firewall was a huge problem, but that now that it was overcome, China will be a huge market.
As China is the country with more people in the whole world, the platform will possibly have several clients. Also, the government does not enable legal crypto trading platforms, so a lot of people prefer to use P2P solutions to trade their Bitcoin. Hodl Hodl is aware of how a market this size is important for its growth.
The company tries to cater to places that often do not have a lot of choices in crypto trading. Iran is a good example. After the country received sanctions from the U. S., popular platforms such as LocalBitcoins decided to block Iranian users not to get in trouble with the government.
This prompted the new company to support the people in the country, add their language and start offering their services. The only country the exchange does not operate is, ironically, the United States.