The Local Remit platform allows people to exchange cryptocurrency with cash, giving impoverished communities access to cryptocurrency as a financial alternative. Currently less than 1% of human population use or own Cryptocurrency and in the next 5 years, if that number grows to 10% or 15%, they will use peer to peer marketplaces to buy their first Crypto with fiat. Local Remit will be leading the pack when that time comes.Exchanging cryptocurrency with strangers online and in person carries a major risk: how do we ensure that both parties are going to hold up their end of the bargain and not vanish as soon as money or cryptocurrency hits their account? This exposure is known as counter‐party risk. Local Remit ensures everyone transacts without fear by introducing a Trustless Escrow.
Localremit will end in 5 days