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LocalBitcoins is scaling the heights because its mobile app available on iOS and Android surpassed 200,000 downloads.

The world’s leading peer-to-peer (P2P) Bitcoin marketplace is now available in 19 different languages after five more were added.

Jukka Blomberg, the chief marketing officer at LocalBitcoins, noted that crypto adoption was going a notch higher. He stated:

“The adoption is truly amazing. Just a few months after launching our popular Bitcoin trading app for iOS and Android, we’ve crossed the 200,000 download milestone.”

With the primary objective of LocalBitcoins being financial inclusion for people across the globe when it comes to buying, storing, and transferring Bitcoin in a secure, fast, and easy way, Blomberg believes that the mobile application route is ideal.

He added:

“The LocalBitcoins mobile app is currently available in 19 languages, the latest additions being Bengali, Hindi, Korean, Thai and Vietnamese. This demonstrates our commitment to delivering easy and inclusive access to cryptos for every single person around the world.”

P2P platforms like LocalBitcoins have played an instrumental role in crypto adoption on African soil. For instance, in July 2021, Africa recorded the largest Bitcoin P2P volume growth because youths across the continent were taking up the mantle of bettering their lives and their families through cryptocurrencies

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Meanwhile, in 2020, LocalBitcoins partnered with Elliptic, a global provider of crypto asset risk management solutions, to tame the headache of its illegal usage through blockchain-enabled monitoring tools.

As a result, measures such as know-your-customer (KYC) and the European Union’s Fifth Money Laundering Directive (5AMLD) were incorporated.

Therefore, these initiatives showed that the crypto space was not being left behind in adopting new regulatory measures through technology-enabled and stringent anti-money laundering controls. 

Image source: Shuttstock

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