Economic Uncertainty Drives Crypto Growth in Sri Lanka

coindesk.com/economic-uncertai

"Purchasing virtual assets using credit cards is prohibited under laws."

"Sri Lankans are turning to peer-to-peer () crypto platforms or closed social media groups to purchase ".

" saw a 730% rise in trading volume between April 2020 and April 2021."

:bitcoin:

RT @[email protected]

I just payed my researchers in Ethiopia in for first time and they were able to convert it to cash within hours.
Grateful for this wallets and website who made my life simpler
@MuunWallet and
@paxful @gladstein

twitter.com/meronina/status/13

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RT @[email protected]

[...] I would say at least 95% our people in the west people uses the hawala system.

twitter.com/meronina/status/13

RT @[email protected]

now supports different fee levels when withdrawing $BTC!

High BTC fees can now be avoided if you're willing to wait longer for your transaction to be confirmed. Select the 'low' or 'medium' fee level on the BTC withdrawal section of your wallet page and you're g2g!

twitter.com/AgoraDesk/status/1

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AgoraDesk website
agoradesk.com

:bitcoin:

RT @[email protected]

What do you suppose is the ratio of trouble caused for the innocent to trouble caused for the guilty by KYC regulations? A hundred thousand to one? A million to one?

twitter.com/paulg/status/13877

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RT @[email protected]

The difference is that KYC laws don't prevent money laundering. They just apply a drag to it and cause it to leave more of a trail. Whereas airport screening, badly though it may be implemented, does actually decrease attacks.

twitter.com/paulg/status/13877

Differences between P2P marketplaces

blog.localcryptos.com/p2p-diff

" marketplaces hold the user’s money, while non-custodial ones don’t. This may not sound like a big deal initially, but from a user’s and perspective — the implications are enormous."

"Another thing that separates different peer-to-peer is how they handle activities."

:bitcoin:

Paxful Hits $5 Billion Volume
newswire.com/news/paxful-hits-

"Over $5 billion has been traded [to-date] on its platform and that it now has over six million users."

"As of April 2021, the top 5 countries by volume on are: 🇳🇬, 🇨🇳, the U.S. 🇺🇸, 🇮🇳 and 🇰🇪."

"We're seeing growth in all our markets [especially in] countries where there's a real need for ."

:bitcoin:

Paxful Product Updates Q1 2021

paxful.com/blog/product-update

"Users can now buy and sell on the marketplace [and] convert ETH from or ."

"Internal [account-to-account transfers] Sendouts, up to $1,000 per month free."

"New Payment Methods, [... nearly] 400 payment methods."

" Portal - build applications on top of our ."

:bitcoin:

Offer a discount to be paid in bitcoin. Being paid from individuals p2p helps avoid the risk of centralized KYC honeypots and is well worth a premium.

RT @wiz
Bisq will work to implement support for Liquid as a base layer and become a Bitcoin Layer 3 Network on top of the Liquid sidechain. For those who wish to keep using Bisq as a Bitcoin Layer 2 Network on top of the base layer Bitcoin blockchain, this option will still be available.

@BereanBitcoiner
How good is Bisq for BTC sellers is clearly underrated.

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