P2P.me Secures $2M from Coinbase Ventures for Crypto-Fiat Bridge
In a significant development for crypto payment adoption, P2P.me has raised $2 million in seed funding from Coinbase Ventures and Multicoin Capital. The innovative platform is bridging the gap between crypto enthusiasts and fiat-only merchants through a unique peer-to-peer payment solution.
Revolutionizing Crypto-to-Fiat Payments
P2P.me’s groundbreaking approach tackles one of crypto’s most persistent challenges: enabling cryptocurrency payments in traditional fiat-only environments. The platform has processed $1.6 million in transactions across 1,100 users, primarily in emerging markets like Indonesia, Nigeria, and Vietnam.
Key Features and Innovation
- 90-second transaction completion time
- Zero-knowledge proof verification system
- Enhanced privacy protection
- No traditional KYC requirements
Strategic Expansion and Future Plans
The fresh capital injection will fuel P2P.me’s expansion into Latin America and support its growing team of 20 professionals. Built on the Base network, the protocol plans to launch a governance token within the next 12 months, aiming to decentralize control and compete with traditional centralized exchanges.
Market Impact and Adoption Potential
P2P.me’s solution is particularly relevant for:
- Emerging markets with limited banking infrastructure
- Crypto-savvy travelers in regions with low credit card acceptance
- Local communities seeking alternative payment solutions
FAQ
How does P2P.me work?
The platform connects users willing to pay in USDC with middlemen who facilitate fiat payments to merchants, completing transactions in approximately 90 seconds.
What makes P2P.me different from traditional exchanges?
P2P.me prioritizes privacy and self-custody while eliminating traditional KYC requirements through zero-knowledge proof technology.
When will the P2P.me token launch?
The platform plans to launch its governance token within the next 12 months, transitioning to community control.