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OpenPeer

OpenPeer is a decentralized peer-to-peer (P2P) exchange protocol that enables users to buy and sell crypto directly to and from their self-custody wallets using their bank accounts, with zero fees. It operates globally on multiple EVM chains, including Ethereum, BNB Chain, and Polygon, providing a secure and transparent trading experience through smart contracts.

Panama City, PA

Overview

Description

OpenPeer is a decentralized, self-custodial peer-to-peer (P2P) protocol for trading cryptocurrencies and fiat directly between users' non-custodial wallets like Metamask and Trust Wallet. Deployed on Ethereum and other EVM-compatible networks such as Polygon, Binance Smart Chain, and Optimism, it utilizes smart contracts for trustless escrow services, ensuring users always maintain control of their funds. The protocol, initially developed by the Panama-based OpenPeer Labs Inc., is designed to be governed by a decentralized autonomous organization (DAO) via a $P2P token. OpenPeer also provides an SDK for dApps, games, and wallets to integrate a P2P fiat on/off-ramp solution. The platform emphasizes privacy and security, featuring end-to-end encrypted communications for transactions.