Can Monero survive exchange de-listings and low merchant adoption?
Can Monero survive exchange de-listings and low merchant adoption?
This year has been very hard for Monero as more exchanges decided to de-list the coin from their platforms. I’ve now read an announcement from LocalMonero that they will be shutting down their operations (a pity, because it was a good P2P exchange). If this keeps up, we won’t have a way to buy/sell XMR with crypto or Fiat. Adoption for privacy coins is decreasing each day. We can blame government pressure (especially the US government) for this.
Do you think Monero will be able to survive this? Does it still have a future? As for Local Monero, what other options are available for P2P trading? Your input would be greatly appreciated. Thanks in advance.
Yes, Monero is among the few currencies that have proven to provide privacy, so it will have demand, and this demand will lead to the creation of more Monero services, or at least the move to dark web links.
Decentralized services are still a good place to use these services, such as bisq.