---
type: source
source_type: telegram
title: "Telegram: @m3taversal — futairdbot-you-should-be-able-to-access-this-x-ar"
author: "@m3taversal"
url: "https://x.com/p2pdotfound/status/2038631308956692643?s=20"
date: 2026-03-30
domain: internet-finance
format: conversation
status: processed
processed_by: rio
processed_date: 2026-04-15
priority: high
intake_tier: directed
rationale: "You should be able to access this X article. Let me know your thoguhts:"
proposed_by: "@m3taversal"
tags: [telegram, ownership-community]
extraction_model: "anthropic/claude-sonnet-4.5"
---

## Conversation

**@m3taversal:**
@FutAIrdBot You should be able to access this X article. Let me know your thoguhts: https://x.com/p2pdotfound/status/2038631308956692643?s=20

**Rio (response):**
I can see the P2P Protocol vision post. Here are the real takeaways:

They're framing a three-layer expansion thesis: permissionless protocol expansion, a stablecoin layer, and what they're calling "financial infrastructure for the next billion users." The core claim is they've been running for two years across six countries with real volume on real rails, and now they want to go from 6 to 40 countries.

The interesting part is the permissionless expansion angle. Most fiat on/off ramp protocols hit a wall at country-by-country licensing and banking relationships. If P2P is genuinely building a model where new corridors can spin up without the team manually integrating each one, that's structurally different from what Ramp, MoonPay, etc. do. That's the claim worth pressure testing.

The stablecoin layer is less novel on its own but makes sense as the connective tissue. If you're doing peer-to-peer fiat settlement across 40 countries, stablecoins are the obvious clearing layer.

My honest read: the vision is coherent and the "we already work in six countries" credibility anchor is stronger than most crypto infra pitches. The risk is the same one every payments protocol faces at this stage, which is that the last mile in each new country is a regulatory and banking partner problem that doesn't scale the way software does. "Permissionless expansion" sounds great until you hit a jurisdiction where the local banking system won't play ball.

Worth watching whether they ship the permissionless onboarding mechanism or if country expansion stays manual behind the scenes. That's the gap between a good product and actual protocol-level infrastructure.

CONFIDENCE: 0.1

SOURCE: P2P Protocol vision thread by @p2pdotfound — outlines three-pillar expansion strategy: permissionless protocol expansion, stablecoin layer, and financial infrastructure targeting next billion users. Claims 2+ years operating across 6 countries with real volume. URL: https://x.com/p2pdotfound/status/2038631308956692643

## Article Content (fetched)

P2P Protocol has operated for over two years across six countries, processing real volume on real payment rails. The product works and the users are real. The question we have been focused on internally is what it takes to go from six countries to forty, and from a working product to financial infrastructure that serves the next billion users.
The answer comes down to three things. Each one builds on the last.
1.Permissionless Protocol Expansion
The first and most fundamental change is how the protocol enters new markets.
For most of its history, launching in a new country required a local team, a marketing budget, and direct involvement from the core team. Brazil took 45 days with three people on the ground and $40,000 in total spend. Argentina took 30 days with two people and $20,000. These were successful launches by any reasonable measure, but the model had a structural ceiling. Every new country added operational load to a team of 25 people.
Over the past two months, we tested a fundamentally different approach. Venezuela launched in 15 days with no local team and $400 in total investment, allocated to a community leader who sourced the first users and merchants through the protocol's existing global network. Mexico followed at 10 days under the same structure, at the same cost.
This is the Circles of Trust model in practice. A local operator stakes capital, recruits merchants who understand the local payment rail, and starts processing volume. They earn 0.2% of the monthly volume their circle handles. This compensation sits entirely outside the protocol's payroll. The operator runs because the economics work, not because we hired them.
Our global team now spans five nationalities and seven languages. An AI-powered operations layer, built on the playbook refined across two and a half years of live operations, provides support to every circle without requiring proportional headcount growth. The playbook that took months to execute manually can now be deployed horizontally, to any number of countries simultaneously, without degradation in service quality.
Sixteen countries are in the active pipeline: Colombia, Peru, Costa Rica, Uruguay, Paraguay, Ecuador, Bolivia, Nigeria, Philippines, Thailand, Vietnam, Portugal, Spain, Turkey, Egypt, and Kenya. The target is 40 countries within 18 months.
Beyond that, we are building a fully permissionless version where anyone in the world can create a circle. New circles will be visible in the app from the start. Those that meet defined service-level agreements will be promoted to the main application. This removes the last human bottleneck in geographic expansion and introduces what we believe will be a 10 to 100 times multiplier on the rate at which the protocol enters new markets.
We are also opensourcing the protocol SDK, which will allow third-party developers to integrate P2P Protocol into their own applications for stablecoin checkout. This opens the protocol to use cases and distribution channels the core team has not yet explored.
The reference point we keep returning to internally is M-Pesa, which grew from 400 agents to over 300,000 in Kenya without building a single bank branch. The cost to set up an M-Pesa agent point was a few hundred dollars. The cost to open a bank branch was over a million. That difference in unit economics is what allowed the network to scale at a pace no traditional financial institution could match. We see the same structural advantage in the Circles model.
2.Forex Corridors That Form As The Network Grows
The second development is a direct consequence of the first. Every new country the protocol enters is not just one additional market. It is a new node in a network, and the number of possible corridors between nodes grows quadratically.
Six countries produce 15 possible corridors. Twenty countries produce 190. Forty countries produce 780. Each corridor represents a path along which value can move between two local currencies, settled through stablecoins, without a correspondent bank, a SWIFT message, or a forex desk in between.
The scale of the opportunity this addresses is difficult to overstate. The global remittance market processes $860 billion annually. The average cost to send $200 across borders remains 6.49% according to the World Bank, implying roughly $56 billion in annual fee extraction borne disproportionately by low-income workers in emerging economies. The UN and World Bank set a target of reducing this to below 3% by 2030. Most corridors are nowhere close.
The institutional world has already begun positioning for the shift. Stripe acquired stablecoin infrastructure company Bridge for $1.1 billion. Mastercard acquired BVNK for up to $1.8 billion, the largest stablecoin-focused transaction on record. The IMF reported in December 2025 that the stablecoin market has tripled since 2023 to $260 billion in total capitalization, and that cross-border stablecoin flows now exceed those of Bitcoin and Ethereum combined.
P2P Protocol already operates on UPI in India, PIX in Brazil, and QRIS in Indonesia, the three largest real-time payment systems by transaction volume in the world. When a Circle Leader in Lagos connects to the same protocol as a Circle Leader in Jakarta, a Nigeria-Indonesia remittance corridor comes into existence. No intermediary needed to set it up. No banking relationship required beyond what each operator already holds locally. The protocol handles matching, escrow, and settlement. The operators handle the local context.
As the Circles model scales to 40 countries, the number of corridors the protocol can serve approaches 780, positioning the protocol as a potential replacement for the traditional remittance rails.
3.A Neo-Bank For The Bankless
The third development is the product layer that sits on top of everything described above.
1.4 billion adults globally remain unbanked according to the World Bank. An additional two to three billion are classified as underbanked, with limited or no access to savings products, credit, or insurance. The traditional banking system has had decades to serve these populations and has not done so, largely because the unit economics of branch-based distribution do not work in low-income, high-inflation economies.
The inflation numbers tell the story more clearly than any analysis can. In Argentina, consumer prices rose by over 200% in 2024. In Turkey, 50 to 65%. In Nigeria, 25 to 30%. In each of these economies, a savings account denominated in the local currency is not a tool for building wealth. It is a vehicle for losing it more slowly. Argentines hold an estimated $200 to $250 billion in physical US dollars outside the banking system because the banking system has failed to offer them a credible alternative.
A USD-denominated stablecoin savings account earning 5 to 10% annually through lending protocols like Morpho is a fundamentally different proposition for a user in Buenos Aires or Istanbul. A complete crypto neo-bank solution will need to provide access to a stable currency, a real yield, and the ability to send, receive, and spend globally, all from a phone, without a bank account, a forex broker, or a brokerage relationship in any jurisdiction.
Coins.me is our solution to this problem, built on P2P Protocol, is already live and serving users with the core components of this vision. On-ramp and off-ramp between local currency and USDC. Global send and receive. Cross-chain bridging. Token swaps. Yield through Morpho vaults. Scan-to-pay at physical points of sale. As the protocol matures and the remaining roadmap features come online, Coins.me is positioned to become the default financial interface for the users that the traditional system was never designed to reach.
The Path Forward
These three developments are not independent initiatives. They are layers of the same system. Permissionless expansion creates the geographic footprint. The geographic footprint creates the corridor network. The corridor networ

## Agent Notes
**Why archived:** Tagged exchange in ownership community.
**Rationale from contributor:** You should be able to access this X article. Let me know your thoguhts:
**Intake tier:** directed — fast-tracked, contributor provided reasoning
**Triage:** Conversation may contain [CLAIM], [ENTITY], or [EVIDENCE] for extraction.
