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Wazirx Exchange launches Peer to Peer Exchange



WazirX has been gearing up to adapt to the RBI ban on crypto investments and trading. The aspirational brand has come up with an innovative P2P transfer solution to help crypto enthusiasts continue buying and selling of crypto without any hassles.

The Peer-to-Peer transfer carries the glimpse of a decentralized future, allowing users to seamlessly buy and sell crypto for INR directly with each other. WazirX will be at the centre of these transactions, connecting the person looking to buy crypto for INR with someone who’s looking to sell crypto for INR.

In P2P, the buyer and seller can deal with each other directly while WazirX acts as an escrow account for holding the cryptos during the transaction so that neither party cheats the other. Here’s how it works:

WazirX connects the person looking to buy crypto for INR with someone who’s looking to sell crypto for INR

The seller deposits the crypto with WazirX

WazirX escrows the crypto for safekeeping during the transaction.

The buyer pays INR to the seller

WazirX releases the crypto to the buyer as soon we get a confirmation from the seller

When will it be available

Wazirx make P2P live as soon as the RBI ban on banking services dealing with crypto comes into effect.WazirX with the intention to involve every Indian into the blockchain revolution, and our resolve is stronger than ever.

In Peer-to-Peer transfer, persons can buy and sell crypto for INR directly with each other without any hassle. It’s a glimpse into the decentralized exchange.
Posted On: Jun 29, 2018

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