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World P2P

Reinventing p2p crypto trading offramp through World ID and escrow vaults

World P2P

Created At

ETHGlobal Bangkok

Winner of

World - World Pool Prize

Prize Pool

Project Description

Our P2P trading mini app reinvents P2P trading (crypto to fiat conversion) by integrating World ID for reliable user identification and dynamic reputation management. To ensure trust and manage disputes, we utilize escrow vaults to securely hold funds during trades, facilitating smooth transfers upon agreement and providing a robust framework for dispute management.

How it's Made

We use World ID for user authentication. The user gets to buy or sell tokens. The seller creates a listing on our platform and the buyer creates orders on those listings. The buyer sends fiat to the seller's bank details and confirms the same on the front end with payment proof. The seller once received the information fulfills the order. The buyer and seller both can raise a dispute anytime. In that case, a trusted 3rd party will have the control to move funds to either buyer or seller.

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