They say they go on sale, Beth forgets her money to buy season tickets to the high school basketball games.Randall has extra cash in his wallet and pays for her ticket. How is P2P useful for Beth in this scenario

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25-08-2022
Business

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They say they go on sale, Beth forgets her money to buy season tickets to the high school basketball games.Randall has extra cash in his wallet and pays for her ticket. How is P2P useful for Beth in this scenario

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Tundexi Tundexi · Answer 1 · 2022-08-26T21:03:57+02:00

The way that P2P would be beneficial to Beth in this scenario would be that she will be able to pay Randall for the tickets immediately.

What is a peer-to-peer (P2P) service?

In the finance world, this refers to a decentralized platform whereby 2 individuals interact directly with each other without any inter-mediation by a third party.

In the service, the buyer and the seller transact directly with each other via the P2P service rather than relying on a third party to effect the transaction,

Hence, as a form of lending, the service is a form of financial technology that allows people to lend or borrow money from one another without going through a bank

In conclusion, the way that P2P would be beneficial to Beth in this scenario would be that she will be able to pay Randall for the tickets immediately.