Why LocalBitcoins Stopped Cash Trades and Has a New CEO - Ep.136

Unchained

Laura Shin

News, Tech News, Business News

4.6 • 1.3K Ratings

🗓️ 10 September 2019

⏱️ 59 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Sebastian Sonntag, the new CEO of LocalBitcoins, and Mika Impola, software developer at LocalBitcoins, explain why the peer-to-peer bitcoin trading company has a new CEO, why it stopped cash trades and what kind of response they've received from the community about it. They describe how the service works, how it has changed over time, the range of payment options available amongst sellers on the site, and how peer-to-peer trading differs from country to country. Plus, we cover why it suspended buying in Iran, how regulation is changing the site in general, how it handles forks and what Sonngtag's plans are for the company. Thank you to our sponsors! Simbachain: https://simbachain.com/ Kraken: https://kraken.com/ CipherTrace: http://ciphertrace.com/unchained Episode links: LocalBitcoins: https://localbitcoins.com/ LocalBitcoins blog: https://localbitcoins.com/blog/ LocalBitcoins names a new CEO: https://localbitcoins.com/blog/localbitcoins-names-a-new-ceo/ LocalBitcoins stops cash trades: https://www.coindesk.com/localbitcoins-removes-cash-for-crypto-trading-option New Finnish AML regulations: https://localbitcoins.com/blog/aml-features-update/ LocalBitcoins’ new ID verification system: https://localbitcoins.com/blog/id-verification-update/ LocalBitcoins trading volume across countries: https://coin.dance/volume/localbitcoins LocalBitcoins trading in Venezuela: https://coin.dance/volume/localbitcoins/VES/BTC LocalBitcoins suspends buying in Iran: https://www.coindesk.com/localbitcoins-bans-bitcoin-buying-in-iran-in-blow-to-rising-crypto-commerce Bitcoin Cash hard fork decision: https://localbitcoins.com/blog/bitcoin-bcash/ Bitcoin Maven: https://www.latimes.com/business/la-fi-bitcoin-sentencing-20180709-story.html Hack on LocalBitcoins forums: https://www.coindesk.com/localbitcoins-reveals-security-breach-with-some-crypto-wallets-affected Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Hi everyone. Welcome to Unchained, your no-hype resource for all things
0:07.7	crypto. I'm your host, Laura Shin. In case you haven't heard, I have another
0:12.2	crypto podcast called Unconfirmed.
0:14.7	It's shorter, newsier, and comes out Fridays.
0:17.2	If you haven't yet, go subscribe now wherever you get your podcasts.
0:21.2	Also, find out what I think are the top stories in crypto by setting up for my
0:24.2	weekly newsletter at unchained podcast.com. Are you passionate about blockchain
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