LocalCryptos, a peer-to-peer (P2P) cryptocurrency marketplace, announced today it has added support for Bitcoin Cash (BCH) trading. This is now the fifth cryptocurrency supported by LocalCryptos.
Bitcoin Cash is a fork of BTC, which means it has similar “Bitcoin script” smart contract capabilities. Unlike the LocalCryptos non-custodial escrow scripts for Bitcoin, Litecoin, and Dash, LocalCryptos leverages the “OP_CHECKDATASIG” op-code which is only available in Bitcoin Cash transactions.
As with all escrows on LocalCryptos, it is technically impossible for the platform to spend BCH in escrow. LocalCryptos only will become involved when there is a payment dispute, and once involved LocalCryptos only has the ability to allow the BCH to be redeemed by the buyer or seller.
“Almost a year has passed since we added a new cryptocurrency to LocalCryptos, and many of you have been requesting Bitcoin Cash as the next flavor of our non-custodial formula. The wait is finally over.”
– The LocalCryptos Team