LocalMonero Allows Users to Buy and Sell Cryptocurrency on a P2P Platform That Works with Any Exchange Medium, Including Cash

In a Nutshell: LocalMonero has emerged as a go-to platform for exchanging Monero cryptocurrency for any other currency, including cash. That is important, as fungibility — the fact that every dollar is worth the same amount — is crucial to the viability of a currency. But some cryptocurrencies, including Bitcoin, aren’t fungible, and crypto exchanges can blacklist or even freeze individual coins, lowering their value. That’s why LocalMonero has risen with an innovative model that links fungibility with the privacy of cryptocurrency.

People use cash and credit cards for purchases every day. But enabling easy transactions is a significant hurdle facing cryptocurrencies, including Bitcoin, as they struggle to gain traction in the financial marketplace.

One problem with Bitcoin is that it’s transparent and every transaction resides on the network’s public blockchain. While user identities are supposedly kept private, software forensics can often easily infer ownership of…