Peer To Peer Network announced that its product, MOBICARD, has received a finalized legal opinion regarding its utility token, MOBICARD, confirming its compliance with current legal and regulatory standards. This milestone underscores the team's commitment to transparency and legality, signaling confidence to stakeholders and potential investors while ensuring that the MOBICARD team is committed to the project's long-term success. MOBICARD's initial launch in 2017 saw trading volumes over 400 million shares traded and over $1.1 million in dollar volume, with a 993% surge in PTOP stock, outperforming every other stock on the OTC markets.

SEC regulations introduced in December of the same year resulted in the CEO at the time suspending the token in order to conduct a legal review to ensure compliance with the new guidelines the SEC had released. The CEO at the time never brought the Mobicoin back.