The trading of Bitcoin is always subject to different interpretations. Most people think of Bitcoin as being bought and sold on traditional exchanges, even though they may not bring in the most volume per country. New LocalBitcoins trading charts go to show the platform is firing on all cylinders in several countries across different continents. Bitcoiners all over the world are well aware of how the Russian media watchdog restricted access to LocalBitcoins a few weeks ago. Despite this government intervention, the platform continues to see record trading volumes as far as the Russian Ruble is concerned. Bypassing this blockade is rather easy to do, after all. LocalBitcoins Becomes Popular All Over The World Just last week, the LocalBitcoins platform recorded a new record turnover in Russia. Over 260 million Ruble changed hands in exchange for Bitcoin on the platform in just one week. Quick conversions to a USD value tell us that is close to US$4m in trading volume for one week. Not bad at all, considering there is no clear definition on the legality of Bitcoin in Russia right now. But Russia is not the only country to keep an eye on. Consumers all over the world are starting to appreciate Bitcoin for what it can offer. Not anonymity or an option to conduct an online crime, as most people would suspect. Bitcoin provides a way out of the crumbling financial ecosystem we live in right now. Developing regions are prone to Bitcoin disruption as well. Venezuela, for example, is now a country where the definition of financial value became very different compared to a few days ago. The situation is getting very dire, and there is no fresh capital flowing into the country. Consumers and business owners are hedging against the bolivar collapsing completely by moving […]
