Regulatory pressures as well as the development of third-party, intermediary and custodial services in the crypto space have been limiting the share of peer-to-peer trading. A new contender is now challenging established P2P exchanges by offering users a mobile service that allows them to determine the level of privacy they want to maintain, and use multiple payment methods including cash.
Also read: Skrill Now Lets You Swap BTC for BCH
Peer-to-Peer Exchange on the Go
Tandem is a crypto startup recognizing that the long-term success of cryptocurrencies depends on mass adoption. And while bitcoin awareness has been increasing since 2009, the company’s team remarks in a blog post on Medium, “it is still only known, trusted, and accessible to less than 1% of the global population.”
The platform hopes to support the adoption of decentralized money by combining the best principles of the crypto space and traditional finance. It has recently launched an application that allows users to buy and sell coins on a peer-to-peer basis and on the go. Noting that Tandem’s goal is to encourage adoption across diverse geographies, the company’s founder Prashanth Swaminathan stated that widespread adoption is part of his company’s long-term vision.
The focus has been placed on providing traders in over 50 countries at launch — and more than 100 nations and regions in mind for the future — with a mobile product when the leading platforms in the niche, such as Localbitcoins, Paxful, and Hodlhodl are desktop-based. The app, which is already available in beta on the Apple App Store and Google Play, offers an accessible and feature-rich interface.
The Tandem P2P application enables traders to exchange traditional currency to and from cryptocurrency. They can publish ads where they
