P2P CASH A NEW WAY OF INTERNATIONAL MONEY REMITTANCE

The history of money can be compared to that of sending messages, before mobile phones people were using animals, bottle messages ashore, and post offices, before the instant messages we enjoy today on our smart phone. Exchange of money has also evolved over time in various forms from a system of barter, clay tokens, metal coins, paper notes, plastic cards, electronic records, down to cryptocurrencies. With the changing shape of money, the concept of money transfer has also evolved, eliminating the limitations and pitfalls of the earlier forms such as cost of transfer, time consumption, security, privacy, etc.

Peer to peer (P2P) exchanges provide users with an online platform where they can exchange currencies with one another. P2P services cut out banks and foreign exchange services, they provide users with cost savings and convenience.

WHAT IS P2P CASH?

P2P Cash is the first open source smart contract platform secured by Ethereum Network fully dedicated to international money transactions, quite similar but a little different from Moneygram, Western union or Ria. P2P Cash provides smart contracts and increased scalability to the Ethereum Ecosystem thereby adding value and expanding its functionality.

This system can be used anywhere in the world including countries like Saudia Arabia, Pakistan, Algeria etc. with crypto ban. There is no crypto involved in the operation, all transactions take place within the legality of the local currencies of each country. The current fees on P2P Cash is subject to change once mass adoption takes place, the fee value will be capped through smart contract conditions and can never be higher than the predetermined caps.

When an end user with knowledge of cryptocurrency wants to transfer money to someone, the system will accept the credit card details and notify the host of the transaction. The fund from the credit card payment will be used to buy the lowest priced P2P token, which will be sent to the host as payment for the transfer with an extra option to use P2P token, that is how P2P Cash works.

ABOUT P2P ERC20 TOKEN

The P2P token has all the advantages of ERC20 token which includes making transactions fast and convenient, it was created through a smart contract and works like another ERC20 token. Total supply of PTP is 250 million, tokens can be burned but it is impossible to generate more PTP. Transactions are fast and secure and are confirmed with the mining of blocks in the Ethereum chain. PTP ERC20 token makes assets interchangeable ,it interacts with other currencies and ensures operation with decentralized applications. The token is currently listed on IndoEx, Vindax, EtherFlyer, EtherDelta, ForkDelta, etc.

Hotbit is scheduled to list P2P on the 10th of October, the deposit function launches at 8 AM UTC while the trading function launches at 9 AM UTC with the trading pairs of PTP/ETH, P2P/USDT, P2P/BTC.

CONCLUSION

P2P Cash is empowering people and improving the life of millions of people who send money to their family or friends through money transfer services. It is one of the most attractive projects this year, quite promising and is developing dynamically with high ratings and a strong team. The success of the project is not far fetched.

Learn more;
Website
http://p2pcash.net

Telegram
https://t.me/p2p_cash

Twitter
https://twitter.com/PnetP2

Author: GodRACE
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