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