🐣Onramp

As crypto evolves (DeFi, NFTs, social, on-chain gaming), the necessity for seamless interoperability between fiat and cryptoassets becomes much more important. Existing solutions for onramping are not sufficient to address this need:

❌ Not globally inclusive (Coinbase is not available everywhere)

❌ High fees for direct onramps (charge up to 5%)

❌ Complex KYC processes

❌ Need multiple transactions / slow

❌ Not composable with smart contracts (e.g. can't use USD to buy NFTs directly)

ZKP2P Onramp

ZKP2P is the first trustless peer-to-peer (P2P) fiat to crypto onramp and offramp powered by ZK.

The underlying technology leverages Zero-Knowledge Proofs (ZK proofs) to settle transactions in our decentralized escrow service. ZKP2P uses ZK proofs to verify DKIM signatures in payment confirmation emails. This technology allows for permissionless integration with any web2 payment network while preserving the privacy of transaction details. Users can post off-ramp orders to our on-chain smart contract which operates as a community bulletin board that on-rampers can use to find a matching user for their on-ramp transaction.

For more information on verifying DKIM in ZK check out prove.email

Why ZKP2P?

• Trustless: By leveraging Zero-Knowledge Proofs, ZKP2P eliminates the need for additional intermediaries, thereby promoting direct transactions between users.

• Private: The privacy of users is paramount. ZKP2P ensures that while the authenticity of transactions is verifiable, sensitive information remains concealed from the blockchain.

• Interoperable: The protocol is designed to be interoperable with popular web2 payment rails, thus bridging the traditional and decentralized financial systems.

• Lower Fees: By eliminating intermediaries and leveraging ZK proofs of payment, ZKP2P aims to significantly reduce the fees associated with fiat-to-crypto conversions.

• Fast: ZKP2P enables rapid transactions while maintaining on-chainuser anonymity.

	Binance P2P	LocalBTC	Coinbase	Moonpay	ZKP2P
Accessible	✅	❌	❌	✅	✅ Any P2P provider
Fees	✅	✅	✅	❌	✅ 0%
Fast	❌	❌	❌	✅	✅ - Send a venmo payment
Complex KYC	❌	❌	❌	❌	✅ - Users prove ownership of KYC'd account
No additional trust assumptions	❌	❌	❌	❌	✅ - No intermediary
Interoperable	❌	❌	❌	❌	✅ - Integrate in your smart contract

Supported Currencies

Currencies	Platform
USD	Venmo, Revolut
EUR	Revolut
GBP	Revolut
SGD	Revolut
TRY	Garanti BBVA

We see ZKP2P evolving into a global and trustless payment network deployed on-chain where new payment use cases can be permissionlessly built on and become composable with DeFi, NFTs, games, and other systems. If ZK is the glue that enables seamless bridging of off-chain data on-chain, ZKP2P is the glue that enables seamless bridging of fiat to cryptoassets.