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In January 2020, Binance announced that WazirX would be listed. However, the team was founded in March 2018 with the goal of providing the country of India with a product that offers world-class UX, transparent communication, and some of the most powerful crypto trading technologies on the planet. Unfortunately, right after the launch of WazirX, India’s central bank banned all cryptocurrencies. In true start a fashion, WazirX was able to Pivot and created the world's first auto-matching P2P engine.
Other peer-to-peer systems that have issues like a lot of scrolling, excessive analysis on orders, using multiple orders to fulfil your trade, and figuring out the legitimacy of a traitor before you execute a trade with them. WazirX builds on all of these issues and has created a state-of-the-art P2P system that could easily be the future of how P2P trading is done. Using WazirX, users can place USDT buy orders, pay directly to the seller’s bank account, two-way payment confirmation (confirmation on both ends to further ensure security), and escrowed transfers.
