BREAKING: Bitcoin Cash Developer is Launching LocalBitcoinCash, a p2p Marketplace for BCH

Bitcoin Cash, a recent fork of bitcoin, is building its version of a peer to peer marketplace called Localbitcoincash. Reddit user MobTwo is developing the alternative to localbitcoins, which does not support Bitcoin Cash. The escrowed marketplace is expected to be complete by the end of October. Since the Bitcoin fork in August, the bitcoin cash community is rebuilding infrastructure for bitcoin cash adoption.

Localbitcoincash will be a service that links buyers and sellers. The marketplace will provide an escrow feature for online trades with an option to set up meetups in person. MobTwo has revealed no fees will be charged. The site is a clone of Localbitcoins, but with a different revenue model and entirely dedicated to Bitcoin Cash.

"I won't do it like localbitcoin. Again, I will reiterate that there will be no fees including bank transfer and escrow trades. Obviously no fees for meetup too. Unless circumstances force me to do that, it will stay that way. Revenues to sustain the site will come from elsewhere."

Localbitcoins is a company founded in 2012 and based out of Helsinki, Finland. The website portal integrates an escrow and wallet feature and connects bitcoin buyers and sellers worldwide on over the counter trades.

Soon after the hard fork, however, localbitcoins burned bridges with the Bitcoin Cash community. The firm failed to credit users holding bitcoin on August 1 on their platform with an appropriate Bitcoin cash balance. Instead, the peer to peer marketplace sold customers' bitcoin cash balances and compensated them with bitcoin on September 25.

Localbitcoins still does not support Bitcoin Cash. Peer-to-peer marketplaces are crucial for cryptocurrency adoption. Users can quickly buy cryptocurrency without verification or strict KYC procedures to sign up. It is why Monero, a privacy-centric cryptocurrency, got its own version on August 30 called LocalMonero.

Monero developers have identified the service gap in Bitcoin Cash as well. Alex, a developer from LocalMonero, promised to integrate Bitcoin Cash as part of LocalMonero if the idea garnered support.

"Hey /r/btc! Alex from LocalMonero here. We've received some requests to create LocalBitcoinCash, I just wanted to know about how popular this idea really is. If this post gets 1K upvotes we'll take this as a sign that there is a real demand."

The post is up 650 votes in 2 days.

Localbitcoincash plans to fill a much-needed infrastructure gap in the fork of Bitcoin. MobTwo intends to launch the service by the end of this month.