For many years since the establishment of financial institutions, long queues in front of the cashiering counters were a common sight. These queues have started to shorten with the introduction of automated banking services including ATMs, CDMs, mobile banking, internet banking, etc. One of the main items associated with the fiat currencies is the “wallet” but later it has become just a cardholder in the recent years. But with the emergence of the cryptocurrencies, the significance of the wallet is further diminishing and currently, the word “wallet” is in the list of words under the threat of extinction.

The Wallet is “Reborn”

The Social Wallet is a fully fledged platform which facilitates the transfer of cryptocurrency over the social media networks. WIRE is the application token which ensures the capability of this platform. Basically, it is an exchange in which anyone can list any crypto forex if he/she wishes, on our platform, instantly giving the facility to ship their native cryptocurrency over social media.

Social wallet leverages blockchain technology to use protracted, late and most expected revisions in such a way when companies and people mediate transactions. The Social Wallet is currently the fastest, best and the preferred possibility when attempting to ship somebody money. This will allow them to contend with the Venmo’s, Western Union’s, and PayPal’s in the world. Plus, with the hassle-free open-end credit integration, the users will be able to delicately pay their cryptocurrency at anyplace within the globe.

Integration of “Wallet” into the Social Media

Currently, there are over two and half billion folks on social media and only a few of them care and are aware of the cryptocurrencies. The Social Wallet is going to work rigorously with the community and seek further opportunities. This will enable cryptocurrency user to elevate their social standing. Social Wallet is also a good tool for social quality. It will use its available resources to increase stories of “Social Good” so that folks will see the ways in which cryptocurrency can be used and how they will affect our lives in a better manner. Sometimes just telling someone about a particular technology, how it works or the usability will not be understood unless that person experiences it in his real life.

How does it work?

If the user wants to dispatch some cryptocurrency with the help of the Social Wallet, he/she would simply click on send, then select the social media site which he/she wants to associate with this transaction. After that, a list containing his/her contacts will pop up. From this list select the contact required to send the currency and then choose the currency type and the amount to be sent. The intended receiver will get a message in the inbox of the chosen social media network soon after. The message will contain the information about the received number of WIRE tokens and the corresponding estimation of the value of those in USD. Once the recipient clicks on the link included in that message, it will direct he/she to the Social Wallet platform which is a web-based application and the recipient is required to log in or sign up to it to grab the WIRE tokens.

For more information about the Social Wallet ICO and related news/articles, please refer following URLs.

Website | Whitepaper | Facebook | Twitter | Telegram | Steemit

Author's Details:

Bountyhive Username: Rajivw