Kenn Bosak: (INTERVIEW) Social Wallet - A Bitcoin Wallet for Social Media
In 2021, it is predicted that there will be more than 3.02 billion global active users of Social media networks. Instant connectivity and accessibility of friends, family, colleagues, and businesses gives rise to continued growth of users. This network offers a digitization of communities and moves face-to-face business interactions to a digitally mediated platform, served by simplified processes, like sharing a photo, updating a status, or commenting on a post.
In parallel, blockchain technology is disrupting the way financial institutions operate and more importantly how people send and receive payments. Speed, reliability, and most importantly simplicity are core tenets of blockchain technology, offering up a means for users to bypass tired banking systems that result in slow payments and accrual of transaction fees, by offering an encrypted and secure method to safely send funds.
The unique combination of Social media networks colliding with blockchain technologies gives rise to Social Wallet, a first of its kind platform designed to enable cryptocurrency to easily, quickly, and securely be sent over today’s existing social network infrastructures. Empowering the average social media user or business with the ability to access funds in an uninhibited and expedited manner not previously seen in the cryptocurrency environment.
LINKS: https://socialwallet.io
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