PANews reported on April 7 that according to CoinDesk, the cryptocurrency-to-fiat currency application P2P.me completed a $2 million seed round of financing, with Multicoin and Coinbase Ventures participating.

According to reports, P2P.me uses a network of middlemen to enable users to use stablecoins to pay merchants who only accept legal tender, and the transaction process takes about 90 seconds. The platform uses zero-knowledge proof technology to verify user identities and ensure privacy and security.