0 sats \ 4 replies \ @cointastical 17 Apr 2022 \ parent \ on: How Coinbase CEO Brian Armstrong Just Destroyed the Crypto Exchange Industry For All of India bitcoin
There are a number of P2P trading platforms. Yes, they can be less convenient than a centralized exchange that uses a common payment method. And yes, they can be more expensive as well. But just like in Nigeria, and Kenya, for example, buying and selling bitcoin via P2P methods can grow to where it becomes a very significant volume.
Here's a list that may be of use:
Person-to-Person bitcoin Trading Platforms https://github.com/cointastical/P2P-Trading-Exchanges
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20 sats \ 0 replies \ @Coinosphere OP 17 Apr 2022 freebie
In India the standard for what makes an exchange P2P is far lower than your average Bitcoiner's standard. They use that term for any exchange that allows one user to pay another directly, but of course that's no different than localbitcoins' model.
I'm sure WazirX's "P2P" will work for the time being but it's a very centralized exchange in danger of being the RBI's next victim at any time.
We really need to get Bisq promoted over there asap. Tens of Millions of Indians just lost their platforms.
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0 sats \ 2 replies \ @cointastical 17 Apr 2022
I'm sure this has caused disruption for quite a number of people and businesses. For example:
• Coinbase halted UPI 3 days after its India launch.
• 70% of WazirX's business has eroded since Mobikwik cut services to crypto exchanges
• Banks are at will to cut off services to crypto companies.
India's rank may've improved in ease of doing biz, but struggles continue!
https://twitter.com/vargabbakshi/status/1514123604828762116
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0 sats \ 1 reply \ @cointastical 17 Apr 2022
Hmm...
India's central bank has approved another chunk of 60 million users on UPI for Meta Platforms, Inc-owned WhatsApp.
With this, WhatsApp will be able to expand the service to its 100 million users in India.
WhatsApp Gets India Nod to Raise UPI User Base To 100M While Coinbase And Other Crypto Exchanges Face Snub https://www.benzinga.com/markets/cryptocurrency/22/04/26628009/whatsapp-gets-india-nod-to-raise-upi-user-base-to-100m-while-coinbase-and-other-crypto-exc
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0 sats \ 0 replies \ @cointastical 17 Apr 2022
How do they allocate these 60 million slots -- first come first serve?
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