Crypto project allows you to send digital currencies to any user on Twitter

 

The Dharma project - which is a peer-to-peer lending platform operating on the Ethereum network - has launched a social payment feature.

The new feature allows Dharma users to send money to any user on Twitter, even if recipients do not have a Dharma account.

1/ Introducing Social Payments 💸🐦📲 – a Twitter-native financial ecosystem.

Today, you can send USD to any Twitter handle, regardless of where that person lives — even if they don’t have a Dharma account.

Now *every* Twitter handle accepts (and earns interest on!) payments. pic.twitter.com/8sZ8MxxYvO

— Dharma (@Dharma_HQ) April 21, 2020

 To get started, users will need to deposit money into their Dharma account first.

The Dharma Administration said that recipients will start earning interest once someone sends them money, even before they claim it.

It is not clear how much the interest rate is, but Dharma currently offers interest at 3.5% per year, according to its website.

Founded in 2017, Dharma centered around a new platform connected to the pool in August 2019, which means instead of offering a platform based on its own smart contracts, Dharma enabled users to take advantage of the pool of liquidity in the pool, which allowed lenders to instantly earn interest on deposits.

Dharma is supported by prominent investors, including "Coinbase Ventures", "Polychain Capital" and "Y Combinator".

The company raised $ 7 million in February 2019 to build a decentralized lending platform for major traders and investors.