New Local.Bitcoin.com Service Aims To Spread Economic Freedom Through P2P BCH Exchange
Local.Bitcoin.com Aims To Spread Economic Freedom Through P2P Exchange Of BCH
On next June 4th Bitcoin.com will launch its new P2P marketplace. Its name will be local.bitcoin.com. It will be geared so that users from all over the planet can buy and sell Bitcoin Cash (BCH). Pre-lunch accounts are available now as an option for the enthusiast that likes to get early everywhere. The accounts currently allow users to familiarize themselves with the platform and place advanced orders in the exchange.
The Bitcoin.com organization is a huge proponent for the Bitcoin Cash (BCH) cryptocurrency and blockchain project. It believes that this is an asset with the potential to recast the financial world by showing the people of the world what true economic freedom is like. This is pretty much the same vision in Bitcoin, which is a more substantial and more well-known currency, so BCH's competitive advantage is not apparent, but Bitcoin.com sees it.
Bitcoin.com aims to support the BCH network by launching its new service. It will bring additional trading volumes, liquidity, and accessibility to the Bitcoin fork.
BCH is quite a relevant player in the cryptosphere. It's ranked four by market capitalization, and it's been performing very well. This wasn't a given not so long ago. The project underwent a fork that saw the original BCH become two separate currencies (Bitcoin Cash ABC and Bitcoin Cash SV). The divorce came about because of Craig Wright‘s activity within the BCH community, which caused something of a “rebellion” that ended up being divisive enough to create a separate project.
BCH's true heir is considered to be BCH ABC. In fact, many exchanges don't even list it as BCH ABC but as BCH pure and straightforward. Both coins suffered a considerable loss of value after the fork happened, but BCH recovered and is now trading at USD 398.25. Bitcoin Cash SV, on the other hand, has not fared so well. But it's still ranked at 14th by market capitalization with a price of USD 63,38.
The new platform's focus will be in ease of use for new customers and to maximize the advantages inherent in P2P trading, according to the platform's creator.
It's anybody's guess how well the new platform will do. Being solely centered in a single digital asset which is not even among the top 3 is a risky move because there are plenty of other exchanges in the world (P2P or otherwise) in which supporting a wide variety of trading currency pairs is considered to be a plus. On the other hand, sometimes specialization pays off. In any case, it will be interesting to see how the new project fares.