Dharma cryptolanding platform launched social payment service on Twitter

Dharma Labs, a startup developing a decentralized lending platform based on Ethereum, has opened for itscustomers the ability to transfer funds in US dollars to any user of the social network Twitter.

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In order to use the service, you must initially deposit funds into your accountAt the same time, the recipient does not even need to have an account on the platform - it is assumed that it will be possible toopen at a later stage.

As soon as a payment is made in their name,recipients will be able to "instantly" see the accrual of interest on received funds. Representatives of the project did not specify their size, but the current interest rate of Dharma Labs is 3.5% per annum.

In August 2019, the Dharma Labs platform joined the Compound DeFi protocol, expanding the liquidity pool and giving lenders the opportunity to instantly receive interest.

In February 2019, a startup raised $ 7 million inthe financing round led by Green Visor Capital. The company was also supported by Coinbase Ventures, Polychain Capital, Y Combinator and Passport Capital.

Recall that the analytical service CoinGecko recently launched a special section that allows you to get a convenient idea of ​​the proposed working conditions of various cryptolanding platforms.