SendIT makes crypto transactions seamless by allowing users to send cryptocurrency via Email or Social Handles. The receiver does not need to download a wallet, know how to manage keys or know about cryptocurrency.
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Hello, I am Aravindh, Founder of Arcana. If you want to onboard someone to crypto, the best thing to do is perhaps send them some. However, this involves long and complex explanations around wallets, seed phrases, chains… We decided to solve this and launched SendIT. SendIT allows you to send crypto to an email address or Twitter handle. The recipient just needs to click a link you share with them, verify their email or Twitter and see a securely generated wallet holding the crypto you sent them. No need to install any wallet, manage seed phrases, nothing! Since we launched our Beta, over 400k people have tried SendIT to send crypto over 1M times! We’d love for you to try it too and let us know if you like/dislike it. P.S. We'll be online all day to answer all the questions and help with tech support. I am looking forward to your feedback. SendIT is built on top of our Decentralized, Non-Custodial, and Open-Source Web3 Authentication SDK, Arcana Auth. Cheers Everyone! Aravindh, Founder, Arcana Network
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I tried this and this is what I understood. Basically, sendit creates a wallet on behalf of the receiver. then the receiver has two options: send it to another email or Twitter handle. or transfer it to another wallet address. now my question is when would such a situation happen? I only see this as a way to tip someone, so integrating with Twitch, YouTube, Instagram or Onlyfans would make more sense. but even then you need a better off-ramp feature. So if we consider this as a tipping platform, there are still things missing, like I said an off-ramp feature, or at least a swap feature that would let them swap some of the ERC-20 tokens to the native gas token. I mean we are assuming the receivers are less web3-oriented, but we expect them to know what to do with the USDT they received on the polygon chain without having any matic token to send it. I also believe email and Twitter are more prone to a hack so the key to accessing funds is now less safe than creating a hot wallet. (I know there could be many situations in people asking for this kind of payment, for example, a freelance job but then either they have to send it to someone else's email and ask them to pay them the money in the form they want or they have to be able to send the money to a wallet that they know how to swap the fund to their desired currency in the latter case the guy already knows enough to have a hot wallet of his own)
When it comes to sending cryptocurrencies, such as Bitcoin or Ethereum, it is typically not possible to send them directly using email or social handles. Cryptocurrencies are decentralized digital assets that are typically transacted through specialized cryptocurrency wallets.
SendIT looks like a great way to make sending cryptocurrency easier and more accessible. What was the biggest challenge you faced when building the product? How have you improved it since your initial launch? Any tips for users getting started with SendIT
Easy to use: SendIT is extremely easy to use, even for people who are new to cryptocurrency.