Solana-based crypto wallet startup TipLink has introduced a feature allowing users to send crypto to anyone, anywhere, using just an email address.

This innovation makes it easy to transfer digital assets since they do not require the use of the traditional wallet addresses.

Solana DApp TipLink’s Email Integration

The decentralized application (DApp) TipLink has introduced a new email integration feature where users can now send cryptocurrencies and NFTs through email and the recipients do not need to have a crypto wallet.

This initiative aims to increase the usage of cryptocurrency by easing the process of transacting and including more people. It becomes simple for users to send digital assets by only having to input the recipient’s email address instead of a wallet address that is usually a long string of letters and numbers.

We’re excited to announce that you can now send crypto globally with just an email—even if the recipient doesn’t have a wallet!

Try it out today in the TipLink Wallet, at scale via our API, or with our first API partner @SquadsProtocol

Check out the docs below! pic.twitter.com/XWEkERFvWv

— TipLink (@TipLinkOfficial) June 19, 2024

With this feature, security is well embraced because TipLink incorporates the use of a secure enclave where it will never deal with private keys. Furthermore, the Escrow option enhances the security and recovery aspect of the system, enabling secure multisig transactions. In case a TipLink was sent to the wrong email address, or if the recipient did not claim the digital asset, users can recover it.

Seamless Integration with Squads

TipLink’s integration with Squads enhances its utility, particularly for enterprises. By incorporating this DApp, businesses can easily pay contractors and service providers via email, even if the recipients do not have a crypto wallet. 

This integration mitigates the risks associated with traditional wallet addresses, such as errors in copying or typing and the potential for phishing attacks.

Our integration with @TipLinkOfficial is live on the Squads App.

You can now create a smart account with Google and send assets to email addresses. pic.twitter.com/vSlKJ9mb4U

— Squads (@SquadsProtocol) June 19, 2024

For Squads users, this integration means digital assets sent via TipLink can only be accessed through the intended recipient’s email, enhancing security. If a TipLink is sent in error or if it is not claimed then the associated tokens can be refunded to the sender’s vault to prevent the loss of funds.

Adoption Through Simplified Onboarding

Last week, TipLink launched the TipLink Wallet Adaptor, a new feature that eliminates the need for browser wallet extensions. This in-browser wallet is connected with the user’s Google account and does not require the same complicated setup procedures as the Phantom and Solflare wallets.

This approach makes it easier for new investors to get into the market especially if they do not understand the traditional processes. CEO Ian Krotinsky noted that this model is formulated in order to provide the global markets for straightforward onboarding to crypto, though it may not meet the expectations of those who support self-custody of assets.

Helping a friend set up a crypto wallet and sign transactions has never been easier.

1⃣ Send any asset with a link
2⃣ They claim with Google and now have a wallet
3⃣ Connect with Google across Solana dApps like @JupiterExchange pic.twitter.com/g08cCbVHhv

— TipLink (@TipLinkOfficial) June 17, 2024

Similarly, TipLink is also working on a “Pro” feature that will enable developers to send crypto to a large number of recipients through email links. This service is designed to help in the marketing and distribution of digital assets to a large number of people, thus helping businesses expand their market.

Consequently, by integrating with Squads and offering an email-based transaction interface, TipLink is transforming P2P crypto transactions.

Read Also: Solana Pay Shopify Plugin Expands to Support 100+ Cryptos

The post This Solana DApp Is Revolutionizing P2P Transactions With Email appeared first on CoinGape.

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Filed under: News - @ June 19, 2024 6:06 pm