Our Commerce Dapp is live in TokenaryPosted by Eric Kryski on May 3rd, 2019
Today we're excited to announce that our first mobile wallet integration is live, and boy is it slick! Huge kudos to Ivan and the rest of the team. They have built probably one of the best Ethereum wallets on the market right now and they were amazing to work with on this.
It's the little things like handling token transfers properly, detecting the right amount of both gas and the tokens that really makes this work seamlessly. So far Tokenary is the first wallet we've seen support this properly. 🤜💥🤛
You can see from watching the video just how easy it is to use DAI, ETH or any other ERC20 token to pay for things.
There is a ton of complexity happening under the hood that makes this seem so simple. So let me break this down for you.
I just used a decentralized currency called DAI that is pegged to ~$1 USD - which issued by everyone and no one as a result of a network of borrowers and lenders around the world, smart contracts, and fluctuating interest rates. Not a central bank. 💰
I then used a third party mobile wallet to securely buy an Amazon gift card from Bidali with this new decentralized stable coin. 🛍
This transaction was sent all around the world from someone elses blockchain node and detected by our blockchain nodes in less than a second. ⚡️
The transaction was then verified by people all around the world I don't even know within 45 seconds and my gift card was sent via email. 🔒
I did this for $0.04 cents in less than 1 minute. I could do the exact same thing securely with $1 million dollars. Truly mind blowing. 🤯
This is a huge step towards making decentralized finance a reality.
Until next time,
Eric & The Bidali Team
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