Brisbane, Australia--(Newsfile Corp. - October 26, 2021) - PeersCrypto is proud to announce its new cryptocurrency exchange platform and its own token on the BSC, allowing the token holders to trade with zero fees protocol. The presale is scheduled on DXSale on 29th October 15:00 UTC. PeersCrypto has designed a unique peer-to-peer website to enable people to exchange Ether to fiat currency without any third party. It uses a secured escrow system that eliminates any third party or intermediaries. It provides traders the opportunity to trade with whoever they want on their own terms.
PeersCrypto Launches Its Unique Cryptocurrency Peer-to-Peer Escrow Platform Along with Its Own Token
The PeersCrypto P2P marketplace uses end-to-end encryption, which keeps transactions confidential. Unlike the traditional system where you can't do without a third party, a third party would be involved only when there is a dispute. Despite such a situation, the smart contract code acts as a third party.
The Idea Behind PeersCrypto
The main concept of the platform is to eliminate any third-party transaction. It tends to make transactions secure and fast using Blockchain technology. It will ensure that nobody has access to your digital wallet and keep your transaction secret.
Features of the PeersCrypto Platform
The platform offers several features for an encrypted peer-to-peer marketplace for selling and buying cryptocurrency.
Uniquely, PeersCrypto offers a person-to-person payment method with super-fast settlements. Interestingly, each transaction can take less than three minutes to complete. Furthermore, it removes middlemen's needs and allows traders to trade on their own terms. It doesn't matter if it is through any online payment or bank transfer; users can agree on their own terms.
It features a non-custodial encrypted marketplace for buying and selling Ether. In addition, you can also buy and sell other popular coins, including Binance Coin, Dogecoin, Tether, and so on.
How PeersCrypto Operates
PeersCrypto offers a distinct method of escrow service. Unlike the traditional escrow system, the PeersCrypto platform doesn't accept deposits or process withdrawal. Furthermore, it doesn't have any automatic matching algorithm.
Traders need to create an account on the PeersCrypto website before buying or selling any accepted crypto. With the account created, you can open trade to buy, sell and make an exchange on the platform.
Once a person posts an offer on the platform, someone has to respond to the offer to exchange the offer. Both parties communicate through an encrypted platform. Once both parties agree to the terms, the sellers place the fund in the escrow while waiting for the buyer to release payment. Immediately the fund gets to the escrow, a payment countdown begins.
When the seller receives the funds from the buyer, he releases the escrow to the buyer. However, if there is a dispute, the PeersCrypto arbitrator comes to settle the dispute. The arbitrator will request evidence from both parties before deciding the rightful owner of the fund.
Future Plans of PeersCrypto
According to the platform, there are plans to improve the marketplace with more integrations. It tends to support third-party wallets, mobile app, deployment of the website to IPFS, and the use of a Blockchain PKI.
Furthermore, PeersCrypto is launching its own token presale soon. Investors can take advantage of the presale to buy the new coin at a cheaper rate. You can find more about the presale on the website.
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