P2P money is...
A Smart contract primarily based platform walking on the ethereum community designed to behavior peer to peer (P2P) cash switch platform.
To recognize it we can name it the Moneygram, Western union or Ria of the crypto world
What is P2P cash
It is a ethereum based totally decentralized platform that permits sending cash to everybody somewhere barring the want of an middleman bank.
Why do we even want P2P Cash when we already have so many offerings like Western Union, Moneygram & Ria?
All these are set up gamers alternatively they have some inherent drawbacks such as
A lot of time is required to to switch cash with the traditional banking system
A massive populace which does now not have get admission to to the banking offerings are appreciably disadvantaged of such services.
So essentially if you want to ship cash to a man or woman first you have to make certain he has some relationship with a bank. He ought to be a bank's customer.
How P2P Cash works
Joe needs to ship some cash to Jay.
Joe would be capable to add money with traditional charge device like a credit score card.
The P2P device notifies Joe of his transaction as it the gadget would both use bitcoins or appear up the lowest priced P2P tokens from the alternate section.
The corresponding P2P tokens would be despatched to the host as fee for transfer.
There is constantly the choice to pay for the shipments without delay with P2P tokens.
Every time a sender obtains P2P tokens a one time use code is generated which can be used to validate the transaction whilst sending these P2P tokens to the recipient.
The transaction would be recorded on the ethereum linked blockchain.
So anybody would be in a position to ship and get hold of cash the use of the P2P tokens.
The technological know-how being carried out is underneath improvement for the closing two years.
P2P Cash getting into 2nd Phase of expansion
An fundamental section of this commercial enterprise mannequin would be to comprise this mannequin at the avenue stage and contain groups and franchises.
The first sub segment of P2P project
As implementation of the P2P money undertaking the first section of the venture would make use of the community of warm spots for sending cash domestically inside Netherlands.
Afterwards it would be launched internationally.
In this mannequin as the variety of transactions enlarge and the mannequin grows it would build a use case for the tokens use.
This capacity to use the P2P money token creates a strong use case to ship and obtain cash to somewhere in the world even if you do now not have a financial institution get admission to or account.
A viable use case that helps the token economic system develop and grow to be better is that as human beings commence to use this device some of the human beings would preserve the tokens and as a end result the mannequin would create a deflationary stress which would preserve growing as variety of customers who use and maintain these tokens increases.
So P2P money is constructing and working closer to constructing an app to ship and obtain cash with the notion of
Enabling a velocity of switch that is quicker than traditional fiat cash transfers
Make cash switch Secure
Make it feasible to switch cash to all and sundry and somewhere based totally on the P2P model.
The P2P money Token
The P2P money token that would be used to operate these cash transfers is an ERC20 token.
So one have to be in a position to save and use this token on a fashionable ERC-20 pockets like the MEW wallet.
The group is keenly searching at the possibilities to combine the token with apps and wallets to extend the ease of use and the reach.
The P2P money tokens would have a restrict of 250 million tokens.
The Roadmap
P2P token is the List the big exchenge
more information
Web Site... http://p2pcash.net/
Telegram.. https://t.me/p2p_cash
Discord. https://discord.gg/ur2CK2R
twitter: https://twitter.com/NetP2p
ARTICLE WRITING
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