On/Off-Ramp

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Banklessยท 2025-06-23 14:02
Key Problems Solved by ZKP2P - Traditional crypto onramps face high fees, with Moonpay charging up to 45%, and Transak charging $1 + 35% [1] - Cumbersome KYC processes and limited asset support hinder user onboarding [1] - Inconsistent availability of services like Coinbase across different regions poses a challenge [1] ZKP2P Solution and Technology - ZKP2P matches buyers and sellers, utilizing zkTLS to securely transfer data from Web2 to Web3 without exposing private details [1][2] - The platform supports on/off-ramping of any ERC20 token across Base, Polygon, Ethereum, and Solana, with various payment proof types [2] - ZKP2P employs "offchain relayers" for services like gas abstraction and wallet signing, with potential for KYC or regional specialization [3] - ZKP2P proves payments without exposing personal data, using cryptographic proofs generated locally to verify transactions [3][4] - PeerAuth, a browser extension, uses zkTLS to extract necessary information from Web2 payment apps like Venmo and Wise, ensuring minimal data exposure [4] Usage and Cost - ZKP2P offers faster and cheaper onramping compared to most alternatives, with fees sometimes being zero for small amounts [7] - Splitting larger orders into smaller ones can help manage fees [7] - The protocol aims to deliver seamless, private crypto payments [8]