Why is VAULT Send Useful to You
It is official — VAULT Send is online!
Experience it right now if you haven’t! The idea of VAULT Send has been well-received in our community since the day we announced it.
Many might wonder why the Mithril team designed VAULT Send? We want to show you some of the benefits that VAULT Send brings to Mithril ecosystem and the VAULT users:
Benefit 1: MITH Strategic Alliance can expand wider faster
The expansion of the MITH Merchant Network relied on connecting each system of different shops to VAULT so the challenge was greater. By launching VAULT Send, any stores can take MITH through VAULT Send as long as the merchants have a VAULT account.
Please contact us at
contact@mith.io if you know anyone interested in accepting cryptocurrency payment at their stores. Every store will receive a “This shop supports MITH” badge upon taking part in the alliance.
Benefit 2: Convenient transfer for beginners
Tired of digging that long address you can never memorize? Despite that many crypto exchange and digital wallets have offered “one-click copy” or “QR Code” to make it “convenient”, is it really the most ideal solution? We believe the most viable way to send cryptocurrency is to skip all the complicated steps for you. All you need is the recipient’s contact. It is ok if you give him or her a wrong link, send again with the right one. Your digital assets will not disappear into thin air just because you copied a wrong address.
Benefit 3: Transaction fee is fixed and cheap
Crypto transactions solve the issues with international bank transfer in terms of time and service fees. Most crypto exchange and digital wallets charge a transaction fee at a certain percentage from the transaction amount, so users have to calculate how much they are paying for services, and it hurts more when a large amount is being transferred. VAULT Send charges a fixed cheap transaction fee for each transaction, so users can drop that calculator.
Benefit 4: Personalize your PIN
Have a little fun, be creative! Each transaction requires the sender to create a combination of 4 digits for each transaction. The password could be your birthday or the last 4 digits of your phone number. Maybe VAULT Send can be a test for your friendship with the recipient!
About VAULT Send
1. Service fee is waived for the first 3 transactions every month.
2. The Minimum is $1 USD, maximum $100 USD for each transaction.
3. $500 USD maximum for 24 hours, $3,000 maximum for 30 days.
Note: A VAULT Send transaction is successful as long as a link is generated. The transaction fee will be deducted whether the recipient collects it or not.
4. The VAULT Send link expires in 24 hours. If the recipient does not collect the amount in 24 hours, the transaction will be invalid and the amount will be returned to the sender’s account.
Note: The service charge will not be refunded.
Stay tuned for more new features upcoming features!
