P2P.me, a groundbreaking crypto-to-fiat application designed to simplify digital payments, has successfully secured $2 million in seed funding from leading investors including Multicoin Capital and Coinbase Ventures. The funding marks a major milestone for the platform as it gears up to expand its innovative solution to regions heavily reliant on QR-based transactions.
Driving Crypto Adoption Through Seamless Fiat Integration:
Despite the growing adoption of cryptocurrencies, one major roadblock remains—most vendors still prefer receiving payments in fiat currency. This challenge is especially evident in emerging markets where QR code payments are widely used but crypto adoption among merchants remains limited.
P2P.me tackles this problem head-on by offering a peer-to-peer model that bridges the gap between stablecoin holders and fiat-only vendors. The app enables users to initiate payments in USDC, a widely used U.S. dollar-pegged stablecoin. A decentralized network of intermediaries then accepts the USDC and instantly transfers the equivalent fiat amount to the recipient. The entire transaction is typically completed in just 90 seconds—making it one of the fastest crypto-to-fiat solutions available.
A Privacy-First Approach with Zero-Knowledge Proofs:
What sets P2P.me apart is its privacy-centric approach to user verification. The platform employs zero-knowledge proofs, an advanced cryptographic method that verifies a user’s identity without storing sensitive personal data. Instead, it evaluates the authenticity of a user’s social media footprint and, when necessary, verifies government-issued IDs—all without compromising user privacy.
This ensures a high level of trust and compliance while protecting users’ data, aligning with the growing demand for privacy-preserving technologies in the Web3 ecosystem.
A Community-Centric Vision and Global Expansion Plans:
Built on the Base blockchain, P2P.me is not only focused on scaling its operations but also on transitioning toward a community-led governance model. The company has announced plans to launch a native token within the next year, aiming to decentralize ownership and empower users to shape the platform’s future.
To date, P2P.me has processed over $1.6 million in transactions across Indonesia, Nigeria, and Vietnam—regions where QR-based fiat payments are prevalent. With the latest funding, the company is now targeting expansion into Latin America, a market ripe for crypto adoption and in need of seamless fiat integration.
Redefining the Future of Everyday Crypto Payments:
P2P.me’s innovative solution arrives at a crucial time as the crypto industry seeks to build real-world use cases that go beyond speculation and investment. By making it possible for users to pay with crypto while merchants still receive fiat, P2P.me unlocks a new layer of utility for stablecoins and crypto wallets.
The platform’s ability to embed crypto into everyday financial interactions without disrupting existing fiat ecosystems is a powerful step toward broader Web3 adoption. It simplifies onboarding for users, minimizes friction for vendors, and supports financial inclusion in underbanked regions.
Final Thoughts:
With strong backing from some of the industry’s most respected investors, including Multicoin Capital and Coinbase Ventures, P2P.me is well-positioned to reshape how the world uses crypto in real life. By solving one of the industry’s most persistent challenges—crypto-to-fiat conversion in practical, everyday scenarios—P2P.me is bringing us closer to a world where digital currencies are truly usable anywhere.
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