Verified
Develop applications on the Verified NetworkVerified Network
Search…
Verified
DEVELOPING APPLICATIONS
Verified Cash
Adding money to account
Issuing cash tokens
Making payments
Transfer function
Withdrawals
Accounting for transactions
Custody of assets
Verified Liquidity
Staking to invest
Staking to borrow
Lending
Repayments
Claiming collateral
Performance
Verified Securities
Primary issues
Secondary issues
Managing orders
Trade settlements
Corporate actions
Credit assessments
Powered By GitBook
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.
​
Previous
Issuing and Exchange functions
Next
Transfer function
Last modified 4mo ago
Copy link
On this page
Peer to Peer transfers
Cross border transfers