Hello All,
I am interested in Localethereum platform. I believe that it can represent a valid alternative to other exchanges accepting fiat like Kraken and Coinbase.
I have studied the rationale behind their smart contract and it seems pretty solid:
- The seller deposit ethers in the platform
- the buyer send fiat currency to the vendor
- as soon as the buyer receives the transaction, he can release ethers to the buyer
The Localethereum team jump in only if there are disputes, otherwise, all the communications between seller and buyers are private.
What do you think about this mechanism?
Did you try the platform?
Can I trust it?