A peer to peer marketplace, commonly known as P2P marketplace, is an online platform where transactions take place between individuals directly. It is a decentralized model that connects buyers and sellers without any intermediaries. Unlike traditional marketplaces, where the middlemen take a percentage of the transaction as commission, P2P marketplaces enable the parties to transact without any fees or commissions, which is a significant advantage of these platforms.
Being a decentralized model, P2P marketplaces enable users to have greater control over the buying and selling process, thus increasing transparency, efficiency, and reliability. The P2P marketplace is a game-changer in the digital era, providing a platform for individuals to transact with ease.
