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RE: Social Wallet - An Introduction to WIRE
Interesting Idea
I have heaps of questions for the receiving end. First, let me start with the primary:
Will the recipient have to set up their own wallet? I feel it may be a hassle to try convince people you are trying to support to register for a wallet. Especially when some sites like FB and Snapchat allow you to send $ through their platform.
No! there is no need to set up a wallet.....unless the user chooses to. They tokens are just fine sitting on the platform. Now If they want to do something besides send them to someone else on social media, they will have to take them into their wallet. This platform is a marketplace...like Ebay at its core....where all of crypto can come to it and use it to facilitate the social network sending function. And WIRE lives within this marketplace as the utility token. Lastly, We are in the works for a "1 button click" wallet setup. Ease and efficiency is our goal. Thanks for your question.