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RE: A Live Demo Video! Last Day For 25% WIRE Bonus and a Look at the Social Wallet Team!
I'm glad to hear the conference went well. And great video, it's so exciting to see Social Wallet in action! A question if I may: what happens if you misspell the twitter username? Would the transaction be canceled or would your WIRE disappear into the void like what would happen with a traditional crypto wallet when you send to the wrong address?
Great question. First, let’s talk about what we have done to avoid this scenario. When you type in a person’s handle, it will show you their profile picture.
So as long as you know what the account looks like, you will not be sending it to the wrong person. Or in this case, a misspelling wouldn’t populate their profile. You can also link all of your social media contacts so all you have to do is click on them rather than typing out their full name. Now, if funds get sent, they won’t just end up “in the void.” After 7 days of the recipient not accepting the funds on their end, it expires and the funds are returned back to the sender.
We will continue to enhance and add to these safeguards. For now, we feel they are very adequate to navigate the platform without worry. Thanks!
Perfect, that solution should work nicely and make for a smooth worry-free sending experience!
Awesome, thanks! Clearly you guys are seriously considering each contingency.
Curious about that too. It seems all you’d need is the link to claim the WIRE. So if it went to a misspelled account that doesn’t exist, perhaps the sender could regenerate the link to the correct recipient. However if sending to a misspelled account that does exist, you’d presumably be SOL once they claim it.
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