P2P services simply mean the decentralized platform where people can directly interact without a third party.
P2P services and applications are essential for payment processing, screening, etc. There are also P2P payment systems. This simply means peer-to-peer payment systems and they allow users to be able to send money from their phones or gadgets to others.
P2P is essential as it allows people to stay connected. It leverages technology in order to overcome the issue of trust and information asymmetries.
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