Peer
P2P Labs
Peer (formerly ZKP2P) is a non-custodial peer-to-peer on/off-ramp marketplace that lets users buy and sell crypto using payment apps such as Venmo, PayPal, Revolut, CashApp and Zelle, with no intermediaries. Transactions are verified via zero-knowledge proofs of the fiat payment and settled by non-custodial smart contracts, so funds never pass through a central custodian. It supports networks such as Base, Solana, Ethereum and Hyperliquid. The company behind it is P2P Labs, founded in 2023 in San Francisco.
Data & conditions
| Service type | Stablecoin infrastructure |
|---|---|
| Pricing model | Not disclosed |
| Custody model | non-custodial |
| Customer type | Developers, Platforms |
| Fund custody | Self-custody (funds in your control) |
| KYC | No KYC |
| Supported countries | US |
| Segment | B2C |
| MiCA / License status | Not disclosed |
Strengths
- Non-custodial architecture: funds stay on-chain, settled by smart contracts with ZK proofs.
- Direct on/off-ramp through popular payment apps (Venmo, PayPal, Revolut, CashApp, Zelle).
- Self-custody: funds stay in your wallet — the platform cannot touch them.
- No KYC: usable without identity verification.
Weaknesses
- Early-stage project (2023) with no known licences and a P2P model that carries counterparty risk.
- Using consumer payment apps for crypto trades may breach those apps' terms of service.
- No notable sovereignty drawback documented.
Verdict
Score 2.9/5, average profile. In its favour: non-custodial architecture: funds stay on-chain, settled by smart contracts with ZK proofs. The trade-off to weigh: early-stage project (2023) with no known licences and a P2P model that carries counterparty risk.
On the Sovereignty lens the score is 4.9/5 (outstanding): the strength is privacy & anonymity (5.0/5), while censorship resistance (4.5/5) is the weak link.
Promp's editorial rating based on real fees and net annual cost. Promp reviews third-party products independently.
"Sovereignty" rating: score computed on privacy/anonymity (30%), fund control (20%), censorship resistance (20%), trustless/auditability (20%) and costs (10%). Same data, different weights.
FAQ
Does Peer custody my funds?
No. Peer is non-custodial: trades are settled by smart contracts and crypto funds stay in the user's wallet, not with Peer.
How does Peer verify fiat payments?
Via zero-knowledge proofs that attest a payment was made through apps like Venmo or PayPal, without revealing the full transaction details.
Sources
- Official service page Descrizione Data verified on Jul 17, 2026
- github.com Data verified on Jul 17, 2026
- pitchbook.com Data verified on Jul 17, 2026