# P2P Protocol

**Type:** Fiat on/off-ramp protocol  
**Status:** Active  
**Geography:** 6 countries operational, 16 in pipeline, 40-country target within 18 months  
**Model:** Peer-to-peer fiat settlement with stablecoin clearing layer  

## Overview

P2P Protocol is a permissionless fiat on/off-ramp infrastructure operating on real-time payment rails including UPI (India), PIX (Brazil), and QRIS (Indonesia). The protocol uses a Circles of Trust model where local operators stake capital, recruit merchants, and earn 0.2% of monthly volume processed through their circle.

## Business Model

- Local operators stake capital and recruit merchants
- Operators earn 0.2% of monthly volume
- No central team payroll for country operations
- AI-powered operations layer provides support

## Key Metrics

- Operating for 2+ years
- 6 countries live (Brazil, Argentina, Venezuela, Mexico, India, Indonesia)
- 25-person global team (5 nationalities, 7 languages)
- Country launch cost reduced from $40K to $400
- Launch timeline compressed from 45 days to 10 days

## Technology

- Stablecoin clearing layer for cross-border settlement
- Integration with major real-time payment systems
- AI operations layer built on 2.5-year operational playbook
- Open-source SDK for third-party integration (planned)

## Expansion Strategy

16 countries in active pipeline: Colombia, Peru, Costa Rica, Uruguay, Paraguay, Ecuador, Bolivia, Nigeria, Philippines, Thailand, Vietnam, Portugal, Spain, Turkey, Egypt, Kenya.

Planned permissionless version where anyone can create a circle, with SLA-based promotion to main application.

## Related Products

- **Coins.me**: Consumer neo-bank application built on P2P Protocol infrastructure

## Timeline

- **2024-03** — Protocol launched, began operations
- **2025-09** — Brazil launch: 45 days, 3 people, $40K investment
- **2025-11** — Argentina launch: 30 days, 2 people, $20K investment
- **2026-01** — Venezuela launch: 15 days, no local team, $400 investment
- **2026-02** — Mexico launch: 10 days, no local team, $400 investment
- **2026-03** — Vision announcement: 40-country expansion target, permissionless circles model, open-source SDK