Cryptocurrency Q&A
What does P2P mean in transaction?
What does P2P mean in transaction?
BonsaiVitality
Fri Oct 11 2024
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7
answers
1322
I'm trying to understand the meaning of P2P in the context of transactions. I've heard this term being used a lot recently, especially in discussions about finance and technology, but I'm not entirely sure what it refers to.
7 answers
Maria
Sun Oct 13 2024
In a P2P system, payments are made directly from one individual to another, bypassing intermediaries such as banks or credit card companies.
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OpalSolitude
Sun Oct 13 2024
This approach simplifies the transaction process, as it reduces the number of parties involved and eliminates the associated fees and delays.
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SumoHonor
Sun Oct 13 2024
P2P payment systems leverage technology to securely facilitate these direct transactions between individuals.
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Giulia
Sun Oct 13 2024
The technology behind P2P payments ensures that transactions are verified, secure, and traceable, providing a level of trust and transparency to the participants.
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Nicola
Sun Oct 13 2024
Peer-to-Peer, or P2P, is a decentralized method of transaction that eliminates the need for traditional intermediaries in financial exchanges.
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