Peach is at a crossroads
Dear Peach users, Peach community,
You have been loving Peach since 2022.
Today, Peach is at a crossroads. Please read.
https://peachbitcoin.com/blog/peach-at-a-crossroa...
Technical details of the change taking effect on the 1st of September 2026:
- An update to the Peach App will be available at 18h CET. It will be a mandatory update, and you will not be able to use the Peach App without it.
- Only Peach Users with very high reputation as sellers will be able to sell. Anyone who wishes to buy is still allowed.
The conditions are the following:
- have KYC
Or
- have zero lost disputes + more than 60 sales
- have zero lost disputes + more than 30 sales + more than 80 trades overall
- The Sell Offers created after the update will not have an escrow with Peach's participation. It will be a Single-Signature escrow, requiring the Seller's signature alone.
- If during the update you are in a trade, the trade is still valid.
- Every sell offer existing at the moment of the trade will not be available to the Buyers, and the only option is to refund them.
- If a seller doesn't have KYC, he can only participate in 1 trade at a time. however, he can post more than 1 sell offer.
- Due to this new implementation, the Transaction Batching system (GrougHug) is no longer in use. When a trade finishes, all buyers will receive their BTC in their wallets immediately.
Other changes that will be imposed:
- the maximum limit in fiat per trade will now be 500 CHF (about 530 euros)
- the maximum premium of a trade will be 6%
- An update to the Peach App will be available at 18h CET. It will be a mandatory update, and you will not be able to use the Peach App without it.
- Only Peach Users with very high reputation as sellers will be able to sell. Anyone who wishes to buy is still allowed.
The conditions are the following:
- have KYC
Or
- have zero lost disputes + more than 60 sales
- have zero lost disputes + more than 30 sales + more than 80 trades overall
- The Sell Offers created after the update will not have an escrow with Peach's participation. It will be a Single-Signature escrow, requiring the Seller's signature alone.
- If during the update you are in a trade, the trade is still valid.
- Every sell offer existing at the moment of the trade will not be available to the Buyers, and the only option is to refund them.
- If a seller doesn't have KYC, he can only participate in 1 trade at a time. however, he can post more than 1 sell offer.
- Due to this new implementation, the Transaction Batching system (GrougHug) is no longer in use. When a trade finishes, all buyers will receive their BTC in their wallets immediately.
Other changes that will be imposed:
- the maximum limit in fiat per trade will now be 500 CHF (about 530 euros)
- the maximum premium of a trade will be 6%
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