Definition ∞ Peer-to-Peer Payments facilitate the direct transfer of funds between two parties without the involvement of a central intermediary, such as a bank. This method leverages technology to enable individuals to transact directly with one another, often resulting in lower fees and faster settlement times. It represents a decentralized approach to financial exchange.
Context ∞ Peer-to-peer payment systems, particularly those utilizing cryptocurrencies, are a frequent subject of news due to their potential to disrupt traditional finance. Current discussions often revolve around regulatory compliance, user adoption challenges, and the security of decentralized payment networks. The ongoing debate centers on balancing the benefits of disintermediation with the need for consumer protection and financial stability.
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