How to Build a P2P Payment App- Create a P2P Payment App from the scratch

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P2P payment method has made our lives easier. It has overcome all the problems we faced with the erstwhile payment methods. Too many steps before you can actually make the payment? Well, p2p payment vendor figures that out well. There are certain features that make p2p payment method exceptional. Each one of these carries the capacity to decide the fate of apps. Let’s discuss these one by one.

Blockchain

Blockchain is defined as a decentralized method of maintaining data. By the term decentralized, we mean here that ledger or record of our transactions is not with any financial institution. Rather, these are stored in devices scattered all around the globe. Once a transaction is done, the record of it is stored in these servers. How does blockchain help? It makes the job of hackers difficult. Blockchain helps in protecting the vast array of transaction records.

Currency rate and Conversion

This facility allows conversion of currency easier if you are in another country. Through this, you also get to know the currency rates across countries. It functions in such a way so that you don’t need to run to find exchange counters. Basically, helps to keep a track of your digital money on your behalf.

Chatbot

All the queries that users might generally face while transacting are solved through chatbot. Users get easy solution to the problems confronted by them before, during and after the transaction. When you have a satisfied user, that is when you know your app is successful.

Transaction

No more checking of bank statements for transaction records. Through p2p payment solution, you can check transaction history right inside the app. What matters to users is availing service at the comfort of their home, and when an app can provide that solution then nothing like it. That is why this feature makes this app even more desirable.


 Read this guide to understand more about P2P Payment Apps.

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