What is peer to peer transaction?

[suchi2591]

Can you help me to understand the peer to peer transaction process. Is it creates any limitations for the process?

Peer to peer payments, or P2P payments, are transactions that can be used for anything flike paying your rent. These payments allow the transfer of funds between two parties using their individual banking accounts.

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[Lordgab03]

Peer-to-peer transactions is simply a business transaction that occurs between two parties without the influence of middlemen

[neo444]

Peer to peer transactions  are electronic money transfers made from one person to another through an intermediary,

[farshid.shastri123]

Peer-to-peer transactions (also referred to as person-to-person transactions, P2P transactions, or P2P payments) are electronic money transfers made from one person to another through an intermediary, typically referred to as a P2P payment application. Technically speaking, every transaction is a peer-to-peer (P2P) transfer.  Whether you're using cash, credit cards or ACH payments, there is a buyer/sender on one side and a seller/receiver on the other.

Though in recent years, the definition of P2P transfers has evolved to describe a new way of exchanging money, goods, and services. Moreover, It doesn't rely on traditional intermediaries like banks or credit card companies.

[John Williamss]

Peer-to-peer transactions (P2P)  are operated and maintained exclusively by the software.
Cryptocurrency transactions will normally be undertaken by intermediary companies to take advantage of customer fees. In contrast, interactions between peer-to-peer transactions are controlled by pre-programmed software, without any interference from the intermediary or the human.

[Virginia Nevess]

Peer-to-peer trading eliminates some restrictions on Bitcoin trading. For most of Bitcoin's existence, online exchanges are the main access gateway to the cryptocurrency world. Some members of the Bitcoin community created a new trading solution. It's peer-to-peer transaction, not human-driven, but software.

[joybella]

In peer to peer transactions, it is fast and swift to process as it is inter person unlike where we had intermediaries processing transactions between two persons or parties.

[Sarah Reiss]

P2P trading offers high transaction control, low cost, privacy and security, at least when properly identified. Peer-to-peer transactions allow people entering the commercial marketplace directly without any reliable third party to handle all trade.

[|ALBEDO|]

Peer-to-peer transactions are electronic money transfers made from one person to other through an intermediary, typically referred to as P2P payment application. P2P payment can be send and reiceve via.mobile device or any home computer with access to the internet, offering a convenient alternative to traditional payment methods.   

[Labonikhatun]

A peer to peer payment is not typically a purchase transaction or a transaction between a merchant and a customer. P2P transactions can be enabled through a variety of channels, including over the counter, at an ATM or through a mobile phone. Peer to peer payments takes place via an online form of technology, enabling consumers to complete transactions and transfer funds between their banking accounts. The majority of P2P services today are offered online.