Zutopia is a peer-to-peer marketplace for buying and selling Zucoins. It connects users directly with one another rather than holding funds or Zucoins itself.
Trades on Zutopia are settled using a combination of the SplitChain network, which moves the Zucoins, and Stripe, which processes the corresponding fiat payment.
What Is a P2P Marketplace?
A peer-to-peer, or P2P, marketplace is an online platform that connects people temporarily, allowing them to trade with each other. Zutopia never holds Zucoins or fiat currency.
No Escrow Accounts
Zutopia does not hold or store your Zucoins; all Zucoins remain in your Zucoins Wallet. During a transaction, the buyer's purchasing funds are pre-authorised at the start of the trade and are only released once the Zucoins transfer has successfully completed.
Important Notes
Trading on Zutopia is built on the principles of no mining, no staking, and no escrow, relying instead on real-time 2-way confirmation between peers.