P2P
2 known investors
P2P.me is a decentralized peer-to-peer protocol that enables fast fiat-to-USDC swaps across multiple blockchains using zero-knowledge KYC for privacy. Users can pay at merchants globally with USDC or earn as liquidity providers by processing swaps through their bank accounts.
Also known as P2P.me
Investors Β· 2
Company profile
researched Aug 2026P2P.me operates a peer-to-peer protocol that lets users buy, sell and spend USDC against local fiat currencies. Users can scan a merchant QR code, pay in USDC and have the merchant settled in local currency within seconds, with support for local payment rails such as UPI (India), PIX (Brazil) and QRIS (Indonesia). Swaps can be executed across multiple blockchains, and the company describes the protocol as non-custodial and open, with users retaining control of their assets and no central authority able to censor transactions.
The protocol matches users with verified liquidity partners (also described as merchants) who provide USDC liquidity and process the corresponding fiat legs through their own bank accounts. A separate liquidity-partner/merchant app distributes real-time order requests; partners earn 2% on each completed transaction. Identity checks are optional at low volumes: no KYC is required to start, while zero-knowledge KYC and ZK social verification unlock higher limits and are used as the primary anti-fraud gate. The company states that verification does not expose user data to third parties, including P2P.me itself.
The website advertises risk mitigations aimed at markets where P2P crypto off-ramps can trigger bank account freezes, including a stated 100% refund in USDC for transactions after 1 September 2025 that result in a freeze or lien, plus assistance from a community legal team via a related site, unfreeze.pro. The company notes it does not withhold or report taxes and provides transaction history for users' own reporting.
Business model
Protocol-based marketplace connecting users who want to swap between local fiat and USDC with liquidity partners who supply USDC and process fiat payments through their bank accounts. Liquidity partners earn 2% per completed transaction; the site does not disclose the protocol's own fee take.
Not disclosed in the available sources; the site only specifies the 2% earned by liquidity partners on each swap.
Traction
Company-stated figures only: more than 1,000 liquidity partners globally and a claimed fraud rate of under 1 in 25,000 on/off ramps. No user, volume or revenue figures are disclosed in the sources.
Latest developments
As of the sources reviewed, the service is live in India, a 100% refund guarantee applies to transactions after 1 September 2025, and the site lists additional products including a P2P App Store and a newly flagged 'Perps' offering.
βΈFull profile β market position, technology, go-to-market, geography, risks & controversies
Market position
Positions itself against other P2P on/off-ramp services on fraud rates and bank-freeze protection, claiming a fraud rate below 1 in 25,000 ramps. Independent verification is not available in the sources reviewed.
Technology
Zero-knowledge KYC and ZK social verification for privacy-preserving identity checks and fraud prevention, on-chain non-custodial settlement, multi-chain USDC support, and QR-code-based payments integrated with local payment schemes such as UPI, PIX and QRIS.
Go-to-market
Direct consumer app distribution (web/app with multilingual interface in English, Portuguese, Bahasa Indonesia and Hindi), recruitment of liquidity partners through a dedicated LP/merchant app, and market-specific trust guarantees such as freeze refunds and legal support in India.
Retail users who want to spend USDC at merchants or convert between local currency and USDC, including travellers, and individuals or merchants with bank accounts and payment channels who want to act as liquidity partners.
Geography
Described as global with 1,000+ liquidity partners; explicitly live in India, with interface languages and payment methods pointing to Brazil (PIX) and Indonesia (QRIS) as additional target markets.
Risks & controversies
The model exposes users and liquidity partners to bank account freezes and liens in markets such as India, which the company addresses with a refund guarantee and community legal support rather than regulatory licensing. The protocol allows transacting without KYC up to set limits and explicitly places tax compliance on users, which may attract regulatory scrutiny. Metrics such as partner count and fraud rate are self-reported and unverified.
Compiled by commissioned research from 8 cited public sources β announcements, filings, and press listed under research sources below.
Key figures
latest reportedCompany-reported or press-reported figures, each dated to when it was claimed β not independently audited.
Timeline Β· 2
launches, deals, and filingsP2P.me states that transactions made after 1 September 2025 that result in a bank account freeze or a lien are refunded in full in USDC to the user's P2P.me wallet, with support from a community legal team; incidents are submitted via unfreeze.pro.
Company website states the service is now live in India, with support for local payment methods including UPI, and India-specific guidance on bank accounts and freeze protection.
Dated company events from announcements, filings, and press; legal rows summarize public dockets and regulator releases.
βΈResearch sources Β· 8
primary sources listed
- P2Pp2p.me Β· web
8 public sources were cited for this profile; the first-party ones are listed here.
Frequently asked questions
- What does P2P do?
- P2P.me is a decentralized protocol for fiat-to-USDC swaps and QR payments, using zk-KYC and a network of liquidity partners.
- Who are P2P's investors?
- P2P's investors include Coinbase Ventures, Multicoin Capital.