Verified Network
  • What is the Verified Network
  • How to use it
  • Reference
    • Verified SDK
      • Using the SDK
      • Wallet and Contracts
      • Know your Customer
        • Using the KYC plugin
      • Delegated permissions
      • Investment products
        • Product lifecycle
        • Example of a Product
      • Security tokens
        • Issuing functions
      • Liquidity pools
        • Buy and Sell Orders workflow
        • Buy and Sell Order Complete workflow example
      • Secondary issues
      • Primary issues
        • Primary offer function
      • Margin traded issues
        • Offering collateral
      • Adding money to wallet
        • Paying in supported tokens
      • Issuing cash tokens
        • Issuing and Exchange functions
      • Making payments
        • Transferring cash tokens
      • Withdrawals
        • Redeeming cash tokens
      • Custody of Assets
        • Custody functions
      • Staking to invest
        • Liquidity functions
        • Market maker functions
      • Staking to borrow
        • Bond issuing function
      • Lending
        • Bond purchase function
      • Repayments
        • Bond redemption function
      • Claiming collateral
        • Defaults and Unsold bonds
      • Returns on Investment
        • Manager and Platform returns
    • Verified REST API
      • Market data
        • Get all assets
        • Get Tradable Asset Pairs
        • Get Ticker Information
        • Get Orderbook
      • Order data
        • Get Account Balance
        • Get Trade Balance
        • Get Open Orders
        • Get Closed Orders
        • Query Orders Info
        • Query Trades Info
        • Get Trades History
      • Order Management
        • Add Order
        • Edit Order
        • Cancel Order
    • Verified Subgraphs
    • Verified Applications
      • Doing KYC
        • Creating wallet
        • Using the Verified Dapp
        • Doing KYC
      • Primary issues
        • Creating a new issue
        • Subscribing to issue
        • Closing issue
      • Secondary trading
        • Market orders
        • Limit orders
        • Edit, Cancel, Settle orders
      • Margin trading
        • Post Margin collateral
        • Swaps
        • Edit, Cancel, Settle orders
      • Portfolio
        • Account statement
        • Corporate actions
        • Underwriting liquidity
Powered by GitBook
On this page
  • Peer to Peer transfers
  • Cross border transfers
  1. Reference
  2. Verified SDK

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.

PreviousIssuing and Exchange functionsNextTransferring cash tokens

Last updated 1 year ago