What is the history of the creation of local cryptos (ex. LocalEthereum)?

What is the history of the creation of local cryptos (ex. LocalEthereum)?

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LocalEthereum started operating in 2017 and was the first p2p exchange platform for Ethereum. The company is incorporated in Australia under the name LocalEthereum Pty Ltd. In 2019, the company rebranded itself to become LocalCryptos. Users can now exchange Bitcoin, Ethereum and Litecoin. For Russia, the main payment methods are Yandex.Money, QIWI, Sberbank, Alfa-Bank, Tinkoff, Otkritie and others.

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