Merriam-Webster's Word of the Day

peer-to-peer

05.22.2019 - By Merriam-WebsterPlay

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Merriam-Webster's Word of the Day for May 22, 2019 is: peer-to-peer \PEER-tuh-PEER\ adjective

: relating to, using, or being a network by which computers operated by individuals can share information and resources directly without relying on a dedicated central [server](https://www.merriam-webster.com/dictionary/server)

Examples:

"PayPal announced a new mobile peer-to-peer (P2P) payment platform called PayPal.me, which will allow users to create a personalized PayPal link and send it to peers for fast P2P transfers through PayPal." — Jaime Toplin and John Heggestuen, Business Insider, 1 Sep. 2015

"The figures come from a paper presented at Federal Reserve Bank of New York's [fintech](https://www.merriam-webster.com/dictionary/fintech) conference in March, which found 27 percent of peer-to-peer lending dollars had displaced traditional bank lending." — Steven Harras, The Austin (Texas) American-Statesman, 7 Apr. 2019

Did you know?

The term peer-to-peer is a relatively recent addition to the English language, being little more than a half-century old. In its earliest known uses from the 1960s, it referred to something that occurs directly between human [peers](https://www.merriam-webster.com/dictionary/peer), people who are similar in age, grade, or status. It can still be found in this use in phrases such as "peer-to-peer tutoring." With the emergence of computer networking, peer-to-peer began to be used in reference to a system of computers that are able to communicate directly with one another without the mediation of a centralized server. Since the turn of the 21st century, peer-to-peer lending—the borrowing and lending of money through online services—has become increasingly common. You might also encounter peer-to-peer in the techy abbreviated form P2P, as in "P2P networking."

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