We all are in the era where the most of our day starts from the social media platform and ends on the social media platform. Life has become easier with the social media. It doesn't only save our time but as well as give huge relief to our pockets. Earlier, there was a time when we were charged 50 cents per minute for each call by telecommunication companies. Imagine, talking to someone for an hour cost you 30$.You alone spent the $30 on call, what I am trying to tell you is how the social media made the life so easy & affordable regarding the call, message, mail, etc. Now, what if I say there's a platform which shelters the social media and blockchain under the same roof. The birth of SOCIAL WALLET is the combination of social media + Blockchain. The social wallet is a platform which allows its user to send & receive the cryptocurrency in the simple & easy manner by using the social media platforms.
Around 2 billion people use the social media platform, around hardly 1% of the population out of 2 billion be knowing about the cryptocurrency. Social media is not only used for the chatting & messaging but are used for business purposes too.
WHY BLOCKCHAIN?
The blockchain is an only encrypted public ledger designed to keep track of the cryptocurrency transactions. The first ever cryptocurrency launch in the market was BITCOIN, after the successful value & abundance investment in BITCOIN, led to numerous another blockchain. The blockchain is one the safest, fast & secure mode of transaction. The transaction is transparent & highly valuable without any 3rd party invading in the procedure. Ample of big brands like Microsoft, Oracle, Walmart, VISA & many more have invested in the blockchain.
How SOCIALWALLET work?
All a user has to do is to have an accessible account on any social media platform whether it's Facebook, Twitter or email. (The company will very soon tie up with other big brands of social media). To whomever you want to send the cryptocurrency to select the name of that person, the person can be your friend, influencer, celebrity or anyone. You'll be left out with two steps that are select the amount of cryptocurrency you want to send & Boom click on the send button. The person on the receiving end will receive your payment within few seconds without any 3rd party invading in your currency.
For using this platform, there's no need for any experience about cryptocurrency or any past knowledge about cryptocurrency. Newbie is welcome with the wide arms & can learn it by this platform.
WIRE TOKEN
On this platform, the cryptos are exchanged in the form of WIRE token. The wire is an early term which refers to the banking transfer that is payment transfer from one account to another. This is initiated by payer, as the person on receiving end won't have to worry about her/his receives. Even, today the wire transfer takes place over the entire globe. One must own the WIRE in their account for platform running both ways smoothly around, The platform needs it in the form of transaction fee, to avail the sending process whereas the WIRE token is the cryptocurrency sent to recipients social media account.
Conclusion
The SOCIAL wallet is an amazing & outrageous platform for the blockchain. It's the easiest & efficient way to transfer the crypto from one's account to another without letting any 3rd party invade in the process. The collaboration of blockchain with social media allows numeric of people to participate in Blockchain & give them a chance to learn about the blockchain.
More information on the project (Social Wallet) please visit their website listed below:-
WEBSITE: https://socialwallet.io/
WHITEPAPER: https://socialwallet.io/whitepaper.pdf
TELEGRAM: https://socialwallet.io/whitepaper.pdf
FACEBOOK: https://www.facebook.com/SocialWalletInc/
TWITTER: https://twitter.com/SocialWalletInc
Author: Dulaj Dilshan
Bitcointalk: https://bitcointalk.org/index.php?action=profile;u=1257822
Bountyhive Username: sachindu
Thank You!