Paxful is a peer-to-peer Bitcoin trading platform. You can go here to trade crypto directly with other people. There are various pros to this.
Now supporting ETH escrows — Today, Paxful announced that they’ll be supporting Ethereum. Most of the larger P2P trading platforms only support BTC. These escrow force users to use BTC as their escrow collateral. Now, Paxful users will be able to use Ethereum too.
Efficiencies with forthcoming ETH upgrades — With the advent of ETH 2.0, you’ll probably see more value around these changes. The upgrades will bring about cheaper, faster and more efficient transactions. This upgrades will better position Paxful as the core P2P exchange.
Will competitors move to compete? — Competitors like LocalBitcoins are still sat with BTC Escrows, perhaps these recent changes from Paxful will prompt them to move towards similar markets.
LCS — LocalCoinSwap issued it’s own native cryptocurrency not too long back, which–at present–is well positioned as an undervalued asset with future potential. At time of writing, it’s only available to buy on HotBit. Marketcap sitting at just over $1 million.