History of P2P trading
Trade, as a process of exchange of commodity and material values, has been known since the Stone Age. This process has continuously developed throughout the entire formative period of humanity. At first, people exchanged goods. Later, money was invented, and this led to the development of various economic segments.
Money changed over time. At first people used coins made of precious metals, and later coins were replaced with paper bills. Internet and the banking industry developed, money flowed into the digital space, and their physical use lost relevance. Bank cards and electronic account management services were invented. Money has been developing all the time so that its use becomes more convenient, and safer. The process of exchange becomes quick and cheap.
The existing global financial system outlived its purpose. The money of the entire world is depreciating so quickly because of inflation that savings in any currency make no sense. There are also many other issues with fiat means of payment, which can no longer cope with the existing needs of people. These issues include the security of money storage, since every year a huge number of banks around the world collapse, leaving depositors with empty pockets. Of course, there is a lack of financial freedom. Today, no one can make an exchange without paying fees and taxes.
In 2008, a stranger under the pseudonym Satoshi Nakamoto invented a new type of digital money, which he called Bitcoin. Using Bitcoin excluded all the major disadvantages of classic fiat currencies. Bitcoin solved the problem with digital security, the confidentiality of user data, and the high cost of transactions. Today, in 2022, the world is just on the verge of switching from fiat money to digital cryptocurrencies. Those who have already figured out how blockchain works understand perfectly well that the entire financial system will eventually switch to using cryptocurrencies because their use provides people with complete financial independence from any regulatory structures. In the future, people will exchange anything and pay for it directly to each other, bypassing intermediaries, and having complete security and anonymity when making transactions.
More and more companies and services integrate the possibility of accepting digital assets, and this trend is gaining momentum every day. According to various open data, approximately 300 million people in the world own crypto assets, but by 2025 their number will grow by 3 times, and by 2030 by 20 times, i.e. in the next 10 years, most people on the planet will pay using cryptocurrencies. With this trend, decentralized P2P services will become more relevant for the exchange of fiat money for cryptocurrency. Such P2P service is the Cripz Platform. While many are still thinking about whether it is worth buying a cryptocurrency, you can already try out all the advantages of using digital money on the Cripz Platform today. The choice is up to you!