Peer-to-Peer (P2P)

What is peer-to-peer (P2P)?

Peer-to-Peer (P2P) Definition: Peer-to-peer (P2P) service is when two parties communicate directly on a decentralized platform without needing an intermediary. This feature allows peers to complete transactions directly, with no third party involved.

This service provides the tools for safe transactions by holding funds in escrow, screening individual accounts, and processing payments. Peer-to-peer platforms can often allow services and transactions to process quickly, while providing quality assurance for all individuals involved.

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