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Author Topic: Crypto Trading on Openbazaar  (Read 151 times)
lushlifing (OP)
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May 18, 2018, 11:51:14 PM
 #1

Cryptocurrencies can now be traded on the peer-to-peer online marketplace Openbazaar in addition to physical goods, digital goods, and services. Initially, 44 cryptocurrencies are supported but the development team plans to add more over time. There is no fee for trading cryptocurrencies and no need to register with any service.

Peer-to-peer e-commerce platform Openbazaar’s development team, OB1, announced this week that fully decentralized, fee-free cryptocurrency trading is now available on the platform with the release of Openbazaar version 2.20. The platform previously had three types of listings: physical goods, digital goods, and services. “We’re now adding a fourth: cryptocurrency,” the team emphasized, elaborating about the new software version:

"The biggest new feature is the ability to buy and sell cryptocurrencies. Vendors are now able to use a special new listing type to sell cryptocurrencies on Openbazaar. They can choose from 44 different cryptocurrencies right now and more will be added over time."

want to read more? visit, https://news.bitcoin.com/openbazaar-decentralized-peer-to-peer-trading-cryptocurrencies/
Msile
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May 19, 2018, 09:02:03 AM
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This seems like a brilliant strategy for bringing new users to their platform, while also accelerating adoption and usage of cryptocurrencies as well. Over time, it will be interesting to see the effect this move has in terms of increased marketplace usage.

Another thing is that OpenBazaar is only allowing crypto-to-crypto trades, meaning that if you are looking to buy a cryptocurrency with fiat, you will need to use another service
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May 19, 2018, 09:07:25 AM
 #3

That's good to know.

I like what OpenBazaar are trying to achieve.

I just wish their interface was more user-friendly in terms of providing sellers with more data about our listings. Like for example, how many views our listings might be getting. At this stage, I have no idea if my listings there are even getting any views at all...lol
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