Monday, 26 November 2018

IDEA: BCH version of Venmo. Make it easier to send BCH to friends, smartphone-to-smartphone, based on cellphone numbers.

CoinText.io is great for flip phones in 3rd world countries, but too cumbersome for smartphone users who are used to easy-to-use apps.

Solution: Venmo for BCH. We'll call it "MoCash" for now. Ideally, integrate this service into existing BCH smartphone wallets (Bitcoin.com wallet, Bitpay wallet, Blockchain.com wallet, Edge wallet, etc). Or it could be a separate app, with seed word importation (so we can do everything from one wallet, BCH balance, and set of seed words).

The smartphone wallet, or MoCash app, would import Alice's smartphone contacts, and list the phone numbers that have registered with MoCash. If Alice wants to send $1 in BCH to her friend Bob, she just chooses Bob's name & phone number, clicks, sends $1 BCH, and it goes straight to his BCH wallet.

In addition to looking up via phone number, people could also be registered by email, or username (just like how Venmo operates).

This would reduce the usage of ugly gibberish BCH addresses.

And it would be easy to see which of your friends / relatives / coworkers can currently receive BCH, just by looking at your MoCash list of phone numbers & email addresses.

And unlike CoinText, the service wouldn't need country-specific access numbers or permission from the local cellphone company, since no text messages are sent.

Just an idea, for any BCH app developers out there.

submitted by /u/normal_rc
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source https://www.reddit.com/r/btc/comments/a0fjq8/idea_bch_version_of_venmo_make_it_easier_to_send/

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