Re: Can Monero survive exchange de-listings and low merchant adoption?
This year has been very hard for Monero as more exchanges decided to de-list the coin from their platforms. I've now read an announcement from LocalMonero that they will be shutting down their operations (a pity, because it was a good P2P exchange). If this keeps up, we won't have a way to buy/sell XMR with crypto or Fiat. Adoption for privacy coins is decreasing each day. We can blame government pressure (especially the US government) for this.
Do you think Monero will be able to survive this? Does it still have a future? As for LocalMonero, what other options are available for P2P trading? Your input would be greatly appreciated. Thanks in advance.
Do you think Monero will be able to survive this? Does it still have a future? As for LocalMonero, what other options are available for P2P trading? Your input would be greatly appreciated. Thanks in advance.
XMR will continue to exist and with the help of decentralised exchange there might be some volume but it's never going to be same as they supposed to be. We can say we don't need exchanges we can simply move the cryptos back and forth but we can't deny exchange helped with the adoption of crypto currency for sure and without it people may look for alternatives unless they really looking for completely anonymous transactions.