Indian Cryptocurrency Exchange WazirX Introduces P2P Crypto Transfers

Even the Supreme Court has agreed to hear the crypto petition on July 3 this year, to prevent all banking ratings received by the RBI's cryptocracy institutions, the deadline is only two days away. In this context, the most important cryptocurrency exchange is already being prepared for a possible scenario. WazirX is no exception.

Mumbai Status Cryptocurrency Exchange WazirX has launched a P2P crypto transfer solution to enable cryptosystems to enable and sell Cryptocurrency.

Peer-to-peer (P2P) transfer allows the user to purchase and sell crypto directly with each other for Indian currency. To add more vendors on the platform, WazirX acts as an intermediary here.

How it works: The seller deposits cryptocurrency with WazirX, which later escrows for safe maintenance during the transaction. On the other hand, the buyer pays the Indian payment to the seller; For example, the seller has made payment, the WazirX releases the crypto to the buyer.

Nishchul Shetty, co-founder and CEO of WazirX said, "We have decided to stay in the center of P (P2P) transactions, Voluntary Dances and Vendors funds and crypto's safe and hassle-free document decision."

He said that P2P crypto transfer feature users are allowed to make digital assets, Wazirax is also hoping that officials should accept the effects of Cryptocurrency effect on Global Economics and to control this place rather than banning Cryptocurrency. Working closely with them with a private player. .

Cryptocurrency area is the candidate because Subhash Chandra Garg, secretary of the King of Economic Affairs, has recently indicated that a committee under his leadership could suggest a complete regulation to ban crypto. Garg is leading a 10-member committee, working in India on a draft related to Cryptocurrency regulation and ICO.