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iTransfer: New Way to Send Crypto

UTC by Andy Watson · 5 min read
iTransfer: New Way to Send Crypto
Photo: Unsplash

Anyone who wants to use iTransfer to send cryptos back and forth without using the blockchain must download the AABB Wallet as it the only crypto wallet that makes these kinds of transactions possible.

Cryptocurrencies are one of the most important developments that have occurred in the world of finance in human history. However, even though cryptocurrencies are such a major technological and financial breakthrough, they are still tricky to send from person to person. This makes them difficult to use as actual currencies, which is what they were designed for.

Recently, a key development has been made in the crypto transactions space that will allow cryptocurrencies to be sent from person to person with significantly more ease.

iTransfer

iTransfer is a new technology that allows cryptocurrencies to be sent by email, SMS, WhatsApp, Facebook messenger, and other social media platforms. Because of this, the transactions are not dependent on blockchain technology for validation and completion. This dramatically speeds up transaction time and makes them simpler to complete.

Transactions are password protected just like an E-transfer feature offered by many banks. Having the password validates that both parties consent to the transaction and that the transaction is legitimate. The hybrid network acts as a payment channel between the two parties involved. Once the channel is established, it is quite simple to send money back and forth between parties.

The AABB Wallet

Anyone who wants to use iTransfer to send cryptos back and forth without using the blockchain must download the AABB Wallet as it the only crypto wallet that makes these kinds of transactions possible.

If you don’t have an AABB Wallet and someone tries to send you cryptocurrencies with iTransfer, then you will get a notification via SMS, Facebook messenger, etc., letting you know that you have to download the AABB Wallet first. Once you are in the app and had created an account, you can go to the iTransfer module in the Wallet, enter the provided password, and receive the crypto.

If no one accepts the crypto within 30 days by entering the correct password in the AABB Wallet app, then they are automatically returned to the sender. Because of this feature, you won’t have to worry about your cryptos disappearing into cyberspace if you send them and no one receives them properly. They will simply return to you. Once you get them back, you can try sending them again if the person you want to send them to have downloaded the app, or you can just keep them. There is also a feature allowing you to ‘Cancel’ the transaction and automatically have your funds returned, if not claimed.

What are the Primary Benefits of Sending Cryptos Through iTransfer?

One of the most important benefits of sending cryptos through iTransfer is that it is extremely private. This is because the transactions are not recorded on public blockchains unlike normal cryptocurrency transactions. With iTransfer, the transfer of cryptos from one party to another cannot be tracked by public scanners and the transactions remain on the private AABB network.

Because the transactions are on the private AABB network, you can hide transaction information from the prying public eye. For example, if your salary is paid in a cryptocurrency, then you won’t have to reveal this information on a blockchain. The information is completely hidden within the AABB network. This is highly desirable for people who send or receive large amounts of cryptocurrencies on a regular basis and who do not want to become targets for hackers who scan blockchains looking for people with a lot of cryptos.

The AABB Wallet is one of the very first cryptocurrency wallets to offer these off-blockchain private payment options. If you are someone who values privacy, then this is a great option for you. Another key benefit of the iTransfer payment system through the AABB wallet is that it is faster than traditional blockchain transactions for blockchains like Ethereum and Bitcoin. This is because miners are not required to validate transactions. All that is needed is for both people to have the AABB Wallets and the sender-created password.

Should You Use iTransfer to Make Crypto Payments?

Some people buy cryptocurrencies just to hold them for long periods of time to profit from their increases in value. If you are one of these people, then you don’t necessarily need to use iTransfer. However, making payments in cryptocurrencies and sending cryptos to friends and family is becoming more and more popular. Therefore, if you are someone who plans on making cryptocurrency transactions on a regular basis in the future, then it is a great idea for you to download the AABB Wallet and to start using it for private crypto transactions.

With the AABB Wallet, you will be able to send and receive top cryptocurrencies like AABB Gold (AABBG) tokens, Bitcoin, Ethereum, and Litecoin. The app is extremely convenient, and it makes sending and receiving cryptocurrencies easier than ever before.

This technology is brand new, but because it is so beneficial for so many people, it is likely to grow significantly in popularity. You can be among the first people to start using iTransfer and start the trend if you start using it now! The best part? The AABB Wallet and the iTransfer are free to use.

Conclusion

Thanks to iTransfer, making crypto payments is going to be a lot smoother, faster, and private. Whether you will be making one crypto transaction a week or one thousand a week, this technology can help you. iTransfer is very easy to use and after you do it once or twice, you will get used to it. So, give it a try and see how you like it.

Altcoin News, Bitcoin News, Cryptocurrency news, News
Andy Watson
Author Andy Watson

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