In light of some major issues going on in China with regulation and the prevention of third-party money transmitters working with bitcoin exchanges, the Chinese have been in desperate need of a solution to transact bitcoin.
Enter LocalBitcoins.com. This western favorite has been a huge market for individuals looking to buy and sell bitcoins anonymously and securely — and most of all, in person. Now it’s available in Chinese. No longer will you need to know English or rely on sub-par translation to get an idea of what you need to do to navigate around the site.
Could it be the next big thing for bitcoin in China? With more and more people slowly stepping away from the exchanges, it’s certainly a possibility. Only time will tell.