The Crypto project makes it possible to send cryptocurrency to any Twitter user
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Answer The Crypto project makes it possible to send cryptocurrency to any Twitter user
Dharma, a peer-to-peer lending platform running on the Ethereum network, has launched a social payments feature.
allow The new feature for Dharma users to send money to any Twitter user, even if the recipients don’t have a Dharma account.
1 / Introducing Social Payments 💸🐦📲 – A native financial ecosystem on Twitter.
Today, you can send US dollars to any Twitter account, no matter where that person lives – even if they don’t have a Dharma account.
Now *every* Twitter handle accepts (and earns interest!) payments. pic.twitter.com/8sZ8MxxYvO
– Dharma (@Dharma_HQ) April 21, 2020
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To get started, users will need to deposit funds into their Dharma accounts first.
The Dharma administration said that the recipients will start earning interest as soon as someone sends them money, even before they claim it.
It is not clear how much the interest rate is, but Dharma is currently offering an interest of 3.5% per annum, according to its website.
Founded in 2017, Dharma built around a new platform connected to the pool in August 2019, meaning instead of offering a platform built on its own smart contracts, Dharma enabled users to take advantage of the pool’s liquidity pool, which allows lenders to earn interest instantly on deposits.
Dharma is backed by notable investors, including Coinbase Ventures, Polychain Capital and Y Combinator.
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The company raised $7 million in February 2019 to build a decentralized lending platform for major traders and investors.
Read also:
Guide to the Lending and Loan System in the Crypto Market
What is the Cred decentralized platform for cryptocurrency lending?
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