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RE: Social Wallet - An Introduction to WIRE
Three questions..
How will you integrate with all the social media platforms out there? As an example, would Facebook allow you to use their customers and how would you integrate with them? There has been talk that FB eventually could introduce a coin themselves, which would probably exclude others from introducing any kind of payment.
Is there a fee per transaction?
Have you signed up any social media platforms?
Social sending through Facebook is already built into Social Wallet. How we do it is proprietary :) If it was easy it would've been done already and our company wouldn't have needed to accomplish this goal. We keep hearing about all these social networks thinking about adding their private coin. There are 2 key points to this. 1. We will have already accomplished this first so we have first mover advantage with WIRE already dispersed across multiple platforms. 2. More importantly, The worlds social media companies aren't going to form a "Crypto Alliance" where 1 coin can be used across all of them. They are all introducing coins for their own personal gain. We will be the 1 token that is universally sent and received across all of them. In my opinion, that is way more valuable from a business and user standpoint. To answer question 2, the transaction fee with be in WIRE as it is the utility token that facilitates the transactions. Right now, we have transaction fees as 1 WIRE. So $.15 a transaction. 3rd question, there is no need for us to "sign up" to social media platforms, all platforms listed in on our website will work with our technology!