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1inch Network adds a P2P feature to facilitate secure crypto swaps -Breaking


1inch Network is a decentralized exchange network. IntroductionThe 1inch decentralized app, or DApp, offers peer-to–peer or P2P order functionality. Users can specify who or what wallet will be filling the opposite side of the trade. This is in contrast to OTC or over-the-counter payments, where 1inch corresponds to the order with the taker.

AccordingAccording to company websites, it “opens up a whole new realm” of use cases. This includes transactions in NFT marketplaces and auctions. While other services such as Binance Pay and Bybit allow for P2P payments to be made, Bybit stated that it has “stepped in” to meet the demand.