What is an example of a P2P platform?
Could you please provide me with an illustrative example of a Peer-to-Peer (P2P) platform in the context of cryptocurrency and finance? I'm interested in understanding how these platforms function and the role they play in facilitating transactions between individuals without the need for intermediaries. It would be helpful if you could explain the specific features and advantages of using such a platform, as well as any notable examples currently in operation.
What does a P2P platform do?
What exactly does a Peer-to-Peer, or P2P, platform do? Can you elaborate on its primary functions and how it differs from traditional financial institutions? Are there any specific industries or sectors where P2P platforms have proven to be particularly useful or effective? Lastly, what are some of the potential risks or challenges associated with using a P2P platform for financial transactions?