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a SEND rep in discord said that paypal is actually a very small aspect of the coin and is just an example of the use case
it was explained as a way to tip youtubers, content creators and everyone in between. It is a way to utilize cryptos on social networks in a way that the users might not even know they are using a decentralized blockchain. It will be that simple to use. No need for private keys or addresses, just @'s. On top of that, anyone willing to use SEND as a currency will then be able to set up passive income in the form of staking and masternode. That will be used as a way to promote the currency.
sounds good, please keep providing detailed info, especially from developer side what they say about it, would like to hear updated and clear communication from reliable sources. Would like to hear how this process works with tipping people who dont know crypto and everything |
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You actually think that this is capable to pulling money from your paypal to send it to his? what would the point of that even be?  It will be set up to allow a person to easily exchange send they have gotten for paypal. No this will not solve every issue. I'm not sure what people are getting at? You can tip on reddit, facebook, twitter etc. in send. i didnt think it will pull money, i cant imagine it either, just what does paypal to do with SEND, please guys. What exactly do you mean with exchange, can you explain it in plain words. |
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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. This is more for those of us with crypto, rather then me cashing out my crypto to send him cash. I can covnert to send and send him crypto. which is then coverted to cash. Otherwise you would need to sell your crypto, get cash to account then send paypal. Obviously this is not practical if you have cash. to buy send, then fire that to them, and they cash out. 1. Ok thanks for replying, still the questions remain imo. Why would i sent him my other crypto for example through SEND and not to his mobile wallet directly, so he can cash out with paypal? What if it's more convenient to pay in crypto directly? Or some other debit /credit cards like Monaco or TenX. Even still would be easier to send him cash if he is in danger or something like that and not my crypto, anyway. For this i can make cash to cash transition through paypal. 2. Still doesnt say anything how paypal comes into play with this. How are SEND coins converted to CASH exactly, if i send SEND to his FB or Twitter ID. If one can explain this in detail how paypal is involved into this i am a happy buyer. Why this thing with paypal anyway, isnt it against every money laundering regulation to send huge amounts or even small amount through borders per paypal, this whole paypal thing is against everything that crypto meant to be in the first place. Is SEND connected to my paypal account and if i say send him 10 SEND (at 1 dollar each at exchanges) then 10 dollars of cash of my paypal are transfered to his paypal account, together with my SEND coins? this doesnt make any sense hopefully you can clear that for me, |
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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. |
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