The very first cryptocurrency, Bitcoin was designed as an open-source, transparent instrument for peer-to-peer value exchange. While the concept still holds good, in the real-world where fiat still rules, using cryptocurrency for all financial needs is still a long way to go. The present scenario makes exchanging cryptocurrency to fiat a necessity and there are platforms that enable people to do so.
There are many online crypto-fiat exchanges and trading platforms that allow users to covert their funds against the existing orderbooks. However, most of these are centralized and requires the users to be signed up and provide banking details, etc., which defies the definition of P2P while insisting on users to share their private information on a third-party platform. Crypto users can choose to avoid it by opting for peer to peer crypto-fiat exchange marketplace platforms like LocalBitcoins and LocalDigiDinar where they are connected with real people to trade crypto to fiat or vice versa.
LocalBitcoins has been around for a while and a lot of people do know about it, whereas LocalDigiDinar is a hidden gem that has been around for less than a year and yet making headway into creating and delivering quality service to the crypto community.
LocalDigiDinar is the LocalBitcoins of the Arab world, established by a group of specialists in economics, finance, technology, and marketing. It is designed to meet the diverse needs of the region’s cryptocurrency community. LocalDigiDinar allows users to buy or sell a variety of cryptocurrencies including BTC, ETH, LTC, USDT, GOLDR, Q8E, TCHO and the platform’s own DDR and DDRT tokens.
The peer to peer LocalDigiDinar platform is instrumental in promoting the use of cryptocurrencies in Kuwait and neighboring countries. Even those who are not familiar with crypto can purchase any of the supported coins using a wide range of payment methods. Some of the supported payment methods include leading gift cards, mobile wallets, payment processors, wire transfer, and even cash. People willing to trade cryptocurrencies can list their offers on the platform and interested buyers can strike a deal with them to complete the transaction by either meeting in-person or online through escrow enabled trading solution.
It is worth noting that the creators of LocalDigiDinar are the same people behind the popular DigiDinar project. DigiDinar is a real-time, regulated cryptocurrency trading solution operated by DigiDinar Technologies Kuwait, which holds the technology and brokerage license issued by the country’s Ministry of Commerce and Industry. Founded by Mr. Ali Ahmad in February 2019, the DigiDinar project also includes a Zerocoin-based privacy-centric namesake altcoin DigiDinar (DDR) and the platform’s own ERC20 utility token — DDRT.
With all these pieces in motion, DigiDinar is on its way to create a full-fledged crypto ecosystem that can meet the endless needs of the evolving community.
Image by Nelson DSouza from Pixabay
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