THELOGICALINDIAN - A new Russian online exchange that allows users to buy and advertise appurtenances and casework priced in cryptocurrency has rapidly broadcast in contempo months The Mentalmarket website has been publishing a growing cardinal of ads in a dozen categories from cryptoindustry to absolute acreage
Also read: Russian Miners Sell Their Equipment Amid Market Plunge
Audis Sold for Digital Coins
Mentalmarket looks like any added website with classified ads, but all of its items are priced in cryptocurrency. The belvedere supports payments in above bill such as bitcoin amount (BTC), bitcoin banknote (BCH), ether (ETH), litecoin (LTC), zcash (ZEC), Ripple’s XRP and dash. Prices are additionally displayed in U.S. dollars for convenience.
The exchange has been accepting acceptance amid Russian crypto enthusiasts with a growing array of articles and services. Users can buy about annihilation — from mining accouterments and bitcoin ATM accessories to plots of acreage about Moscow and a auberge in Sochi. A agriculturalist from Tashkent alike sells sheep at 0.074 BTC a head.
An Audi banker in Saint Petersburg, Russia’s second-largest city, afresh acquaint a cardinal of ads on Mentalmarket. “You can now buy any Audi archetypal with cryptocurrency,” Kirill Skotnikov, Mentalmarket’s CFO, announced. Some of the added big-ticket models are affairs for over 35 BTC, while an Audi A3 costs about 230 ETH.
Skotnikov is assertive that the bound cardinal of accustomed use cases is one of the affidavit for the accepted bottomward trend on crypto markets and the bent adjoin the technology. Quoted by the Russian account aperture Blockchain 24, he said:
How to Use Mentalmarket
Mentalmarket publishes ads from association of the Russian Federation and added countries in the Commonwealth of Independent States (CIS). Users can log in to the belvedere if they accept a Telegram account. They charge to accelerate “start” to @MentalMarket_Bot to appeal an allotment code, again bang “Login via Telegram” on the Mentalmarket website afore entering the code.
The online barter does not allegation any fees back buyers and sellers acquaintance anniversary added anon on the platform. And users are not appropriate to barter their cryptocurrency to authorization money in adjustment to accomplish payments. In addition, the startup is currently developing a affection alleged “Secure Deals” to action intermediation services. The parties to such deals would not charge to accommodated or transact anon and would account from added guarantees.
Mentalmarket additionally affairs to acquaint a appraisement arrangement for all sellers. This would acquiesce buyers to be added assured in the affection of the appurtenances and casework they purchase. Sellers, on the added hand, will be able to booty advantage of the befalling to body added sales channels to ability a growing cardinal of cryptocurrency users.
The belvedere has austere requirements apropos the agreeable of the ads. Unlike darknet marketplaces, Mentalmarket does not facilitate the auction of any items that would be advised actionable in the countries in which it operates. The banish includes drugs, booze and tobacco products, as able-bodied as adored metals and databases with claimed or accumulated information.
Cryptocurrencies are not yet adapted in Russia and in best countries from the post-Soviet space. Nevertheless, their acceptance has connected to access in contempo years. A cardinal of platforms now action barter casework to Russian speakers. And projects such as Mentalmarket are responding to growing appeal for opportunities to absorb agenda money after converting to fiat. The aggregation has affairs to aggrandize to markets in Europe and North America.
Do you anticipate platforms such as Mentalmarket can advice advance the acceptance of cryptocurrencies? Share your thoughts on the accountable in the comments area below.
Images address of Shutterstock, Smartmockups.
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