IOTA Goes PayPal With The New Feature - IOTA News. Tuesday, October 2
IOTA goes PayPal with the new feature of delion:api
Users can now send and receive IOTA payments with e-mail addresses
The team behind the REST-API developed for IOTA’s Tangle, delion:api, has recently announced the release of a new feature for their management console in which they have been working for about a month. Those users subscribed to delion are now able to send and receive IOTA through their e-mail addresses, in a similar way to the popular payment processor PayPal.
In fact, this similarity is addressed by Malik Dakdaki – Co-Founder of delion:api – in the announcement post published on Medium. He commented that their intention has been always to provide a user-friendly way of exchanging IOTA without the explicit use of a wallet or a cryptographic address, as they believe they are not enough appealing for mass adoption.
“Our first thoughts were ‘Why don’t we do it the PayPal way, where users only need to know the email address as the most used communication channel to send and receive IOTA?’” he stated, adding that with this beta version of delion:api, their users will now have the opportunity to send and receive IOTA via e-mail.
This way, there is no need to worry about changing the receiving address each time an incoming transaction takes place – which could come in handy for businesses and donations, as an e-mail address is all they need to manage their funds, in addition to making it easy to understand and to adopt.
Dakdaki also said that a quick payment channel that works seamlessly, regardless of the actual performance of the Tangle, is needed. In this sense, they’re working on what they call a “delion express” payment system, which will be oriented to allow business models where time is a crucial factor, and the confirmations rates on the Tangle can be neglected. Another method focused on more specific use cases is also on development, and it is currently called “delion stream payments”.
Finally, the Co-Founder announced a giveaway of 100 MIOTA to try the new feature, and thanked the community for their constant support in its development.
Update: several users at Reddit have found some security risks in regards of delion’s login system, as it uses GET requests for this particular action, which can potentially expose user’s sensitive data to hackers and other Ill-intended people. In this regard, it is advised to proceed with caution when using this feature.
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