Peer and peer (p2p)
Why does Peer to Peer exchange require KYC?
KYC is very useful in preventing fraudulent users from repeating the offences. Sybil attacks (where a single user tries to game the system by creating a large number of pseudonymous identities) can be effectively prevented by verification of ...
What happens to the fraudulent user?
Any user who tries to willfully commit fraud will be blocked from the website and will not be permitted to make new transactions. The User will be allowed to withdraw his balance from his wallet.
What is Peer to Peer Exchange?
Peer to Peer exchange facilitates transactions between two traders without routing the money through the exchange. Giottus lets a Buyer buy without sending INR to the Exchange. GIOTTUS PEER TO PEER EXCHANGE Sally the Seller. Sally wants to sell her ...