EOSLocally: the P2P trading platform for EOS
EOSLocally: the P2P trading platform for EOS
Blockchain

EOSLocally: the P2P trading platform for EOS

By Alfredo de Candia - 12 Oct 2019

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The first decentralised and P2P (peer-to-peer) trading platform for buying EOS with fiat currency, EOSLocally, was announced a few hours ago.

When looking at the range of platforms that provide the possibility to convert crypto into fiat currency without going through an exchange, there are some very interesting platforms, one of them being LocalBitcoins, which allows many users to buy and sell bitcoins and other cryptocurrencies thanks to their service.

EOS can now boast a similar system thanks to EOSLocally which, through the use of a smart contract, allows the parties to sell and buy independently EOS. This means that the assets will go directly from account to account, without intermediaries – EOS accounts are alphanumeric addresses that are easier to remember than those of Bitcoin or Ethereum.

Therefore, EOSLocally is a P2P trading platform, which means that trades take place directly between users with fees of around 0.99% and with very short waiting times: a transaction on the EOS blockchain takes about 2 minutes to be irreversible.

EOSLocally gives users the possibility to meet in person to make the exchange and also supports WeChat Pay and Venmo.

eoslocally p2p trading platform eos

This is an important service in an industry dominated by centralised exchanges that offer a similar service but with slow and difficult KYC (Know Your Customer) and AML (Anti Money Laundering) procedures.

 

Alfredo de Candia
Alfredo de Candia

Android developer for over 8 years with a dozen of developed apps, Alfredo at age 21 has climbed Mount Fuji following the saying: "He who climbs Mount Fuji once in his life is a wise man, who climbs him twice is a Crazy". Among his app we find a Japanese database, a spam and virus database, the most complete database on Anime and Manga series birthdays and a shitcoin database. Sunday Miner, Alfredo has a passion for crypto and is a fan of EOS.

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