What are peer-to-peer (P2P) transactions?

In Airtm's peer-to-peer marketplace, buyers and sellers match to exchange USDC for local currency. P2P transactions have fewer restrictions than traditional methods: they offer a free market rate and have no cross-border transfer limits.

This process is different from banks and e-wallets with automated transfers. The exchange is facilitated by real people (cashiers), protected by Airtm's escrow system that ensures security for both parties.

How does the P2P marketplace work?

1. The user posts a deposit or withdrawal request on the platform.
2. A cashier accepts the request and both parties complete the exchange.
3. Airtm holds the USDC in escrow until both parties confirm the transaction.
4. Once confirmed, the funds are released automatically.