PEER TO PEER CRYPTO EXCHANGE OPTION FOR INDIANS

[smita69]

https://goo.gl/T7XcbU

WazirX - is working on peer-to-peer model to facilitate virtual currency trade without using normal banking channels. These exchanges are ready to launch P2P service after July 5 - the day RBI's deadline ends. In the P2P system, if a person is interested in selling cryptocurrency then s/he will have to inform the exchange which will lock the currency for sale. Then exchange will wait for the buyer who will have to pay the seller directly through his or her normal banking accounts. Once the seller confirms the payment to exchange, the currency platform will release the currency to the buyers. In this system, transaction will happen between buyer and seller directly with exchange being just a facilitator.