Why do people use P2P?

Why do individuals and organizations opt for peer-to-peer (P2P) transactions in the realm of cryptocurrency and finance? Are there specific advantages that P2P platforms offer, such as increased privacy, reduced fees, or more direct control over transactions? Could the decentralized nature of P2P networks be a driving force behind their popularity? Additionally, how do these platforms facilitate global transactions without the need for intermediaries, potentially revolutionizing the way we conduct financial exchanges?