Cash Exchange – Peer-To-Peer Currency Exchange System

Cash Exchange – Peer-To-Peer Currency Exchange System

Dr.Mrs. Kiran Ande, Rupesh Kumbhar, Megshyam Vaidya

Assistant Professor, Department of Information Technology, Priyadarshini Bhagwati College of Engineering, Nagpur, Maharashtra, India

UG Student, Department of Information Technology, Priyadarshini Bhagwati College of Engineering, Nagpur, Maharashtra, India

Kiranande34@gmail.com

Rupeshkumbhar727@gmail.com

Megshyamvaidya50@gmail.com

Abstract:
In the digital era, the demand for secure and accessible peer-to-peer (P2P) financial systems is rapidly increasing. Traditional currency exchange methods often incur high transaction fees and delay processing, especially for cross-border transactions. Cash Exchange is a platform developed to offer users a fast, secure, and low-cost method to exchange cash using a P2P model. The platform features real-time exchange rates, fraud prevention, and user verification, and supports multiple payment options. This paper presents the architecture, implementation, and advantages of Cash Exchange and outlines its future potential in the FinTech space. The global increase in cross-border transactions has highlighted the need for efficient, low-cost, and secure currency exchange platforms. Traditional systems suffer from high fees, processing delays, and limited accessibility. This paper proposes Cash Exchange, a digital peer-to-peer (P2P) platform that facilitates real-time, secure, and low-cost currency exchanges. The platform leverages modern web technologies, robust security protocols, and real-time APIs to create a trustworthy environment for individuals and businesses. The system also ensures compliance with financial regulations through integrated KYC and AML procedures. The paper outlines the architecture, implementation methodology, and future scope of the platform, emphasizing its potential impact on global currency exchange.