Making payments

Tokenized cash transfers

Peer to Peer transfers

Users can request peer to peer transfers of Verified cash tokens to other users with a Verified account or an ERC20 compatible Ethereum wallet. User facing applications should call the transferFrom function with parameters for amount to transfer, address of the recipient, and the address of the sender to debit Verified cash from.

The function call needs to be made on the Cash contract and signed by the sender. Applications can wait on the notifyCashTransfer callback which is invoked when the transfer is made on the Verified Network.

Cross border transfers

Any peer to peer transfer of Verified cash tokens, whether it is a transfer of Verified cash in the same currency or whether it involves the conversion of Verified cash in a currency to Verified cash in another currency before it is transferred, are free of cost. The latter case where transfer of one currency and credit in another is a two step process that requires the application to first call the transferFrom function to convert the currency Verified cash is to be transferred into the currency Verified cash is to be credited, followed by calling the transferFrom function.

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