Latest posts of: stacks96

I don't get it how it works sounds like just another crypto what am i missing?

It will allow you cash out directly through paypal and also to send through social media platforms like facebook. Also, it will be able to be a platform for other crypto's in the future to allow them to be sent through social media and cashed out through paypal. No more going through places like coinbase or paying lots of fees if, for example, you are getting multiple small payments. You can be tipped through social media, for instance, by many different people, and instead of paying a fee for every transaction, you would just pay 1 fee (paypal fee) if you were to transfer to fiat.

HI,

i am interested in SEND coin. I would like to know a bit more about SEND , not only that what is on the homepage. I am not here to FUD or troll, just want to inform myself before investing.

1. So what i dont 100% understand is, why paypal integration? If my friend loses his fiat money on a trip to Thailand, why should i send him SEND to his twitter name so he can cash out via Paypal, if i just can send him fiat right to his email address @paypal and he get the money anyway, why the road through SEND?

2. How will that transition through paypal work ? I send some SEND to my friend, and this SEND coins can be redeemed to fiat through paypal? i dont understand how exaclty, will they be sold at an exchanges by some other means? Why would paypal integrate this crypto anyway? i dont understand this, please provide more info here. I simply cant imagine paypal going into crypto this way, subjecting them to anything they dont control themselves.

I get the tipping thing through socials, but then its just an other tipping crypto like 100s out there.

I completely aggree with you in this point.
That's also why I'm scared. That's why I'm reluctant to invest in this project.

Can you provide us an answer to this?

I am will invest 2k if you can give us an answer.

1) If you already have cryptocurrency, it would cost you more money to send it to an exchange like coinbase (fee), sell it (fee), then withrdraw it (fee), than it would to just either convert it to social send, or if the coin is supported by the social send platform, then just to send that coin to your friend so they can cash out in local currency via paypal.

2) From what I was told by the devs when I asked this question, PayPal has nothing to do directly with social send and the platform itself with its own PayPal account would send you $ based on the value of your coins.

But the main point as I see it is the huge social media exposure the coin and cryptocurrency in general will get. It is like venmo integrated into every social media so you will see when people send other's crypto and they will be more interested as to what is going on and will want to enter the market. Especially since you wont need to know a thing about how to download a wallet, enter a crazy looking address, etc. Its as simple as sending a message to someone. This could bring the entire market more exposure.