Social Wallet leverages blockchain technology to apply long overdue and much needed revisions to the way that businesses, groups, and individuals mediate transactions across various social media platforms.
Social Wallet is a first-to-market platform designed to enable cryptocurrency to be sent easily, quickly, and securely, over today’s existing social network infrastructure. No prior setup is needed by the recipient nor any advanced knowledge of the transaction itself. Social Wallet allows individuals to send cryptocurrency directly on the platform, through Facebook, Twitter, Email, with many more platforms in the pipeline. Pick a celebrity, an influencer, a friend, or anyone else you wish, and send them tokens on any social network platform of your choosing. The applications to utilize this platform are as vast and plentiful as social media user’s activities on the various networks.
Ease of use is demanded by consumers and is one of our core advantages in today’s blockchain market. Social Wallet, from one central place, grants consumers the ability to send tokens over Email, Twitter, Facebook and any other social media platforms instantaneously.
The Social Wallet Initiative will use our reach on social media to educate the world about the power of blockchain and cryptocurrency technology. It is the passion behind our company and we feel so strongly about it that 10% of the funds raised will be allocated to this cause. As of now, only a small fraction of the people on social media knows about cryptocurrency. We plan to change this and will use our resources to do so. We will work closely with our community and look for opportunities where sending cryptocurrency to someone can change their life for the better. We will then use our resources to amplify these stories of “Social Good” so that new people can read for themselves real life instances of cryptocurrency affecting real positive change. It’s not enough to tell people about this technology, you have to show them the good it can do.
The WIRE token is a utility token that fuels Social Wallet platform. WIRE’s “utility” designation derives from its function on the platform. WIRE is an early banking term, which means payment transfer from one bank account to another. It is initiated by the payer, meaning the person receiving the funds, does not need to be aware of the transfer in order to receive money. Today, the term WIRE transfer is still used all over the world. The WIRE token is the accelerator for social media transactions