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rottenwheel to MoneroEnglish · 1 year ago

LocalMonero is shutting down

localmonero.co

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LocalMonero is shutting down

localmonero.co

rottenwheel to MoneroEnglish · 1 year ago
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LocalMonero / AgoraDesk will be winding down it's operations — LocalMonero
localmonero.co
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After almost 7 years of operation, due to a combination of internal and external factors, we have made the difficult decision to close our platform.
  • CaptainEffort@sh.itjust.works
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    1 year ago

    Whoa wait, what’s LocalMonero and how does it relate to Monero? Does this impact Monero itself?

    • ᴅᴜᴋᴇᴛʜᴏʀɪᴏɴ@lemmy.world
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      1 year ago

      It may impact your ability to acquire Monero.

      They facilitated trades of XMR for fiat.

      • CaptainEffort@sh.itjust.works
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        1 year ago

        Fuuuck so, and sorry for my ignorance, if I use something like Kraken to get monero, this could end up affecting that?

        • ᴅᴜᴋᴇᴛʜᴏʀɪᴏɴ@lemmy.world
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          1 year ago

          Kraken is a CEX, “centralized exchange”… If they still support XMR, eventually they won’t, like all other US exchanges.

          • CaptainEffort@sh.itjust.works
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            1 year ago

            Damn, that really sucks. So is this just a death sentence then?

            Btw thanks for the help, I use monero but am totally ignorant to how most of this works.

            • ᴅᴜᴋᴇᴛʜᴏʀɪᴏɴ@lemmy.world
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              1 year ago

              No, depending on how fast the developers can get done with the decentralized exchanges / swaps so that they work perfectly and are somewhat easy to use. They’ll most likely want these to be hidden services to prevent also being shut down (I am only assuming that’s what happened to L.M.)

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