Bitcoin SV Forum

Something quite special has just appeared. myPaymail.co launched a game-chancer for Bitcoin SV (BSV). They released a tool whereby someone logged in to their Money Button wallet can send and receive €€€ or $$$, or British pounds, Russian rubles, Swedish krona, and whatnot, with any email address. 😁 It happens like this:

1. The sender is logged in to Money Button.
2. The sender opens this page: https://send.mypaymail.co
3. The sender inputs the amount, currency, recipient email, sender email, and optionally a description (the "Concept" field) as well as expiration date.
4. Finally the sender needs to tick the checkbox that's about accepting terms and conditions.
5. After sending the form, the sender is shown confirmation page and 5 security words. (Those words are super important.)
6. After sender has confirmed the payment, recipient then gets email.
7. Recipient opens a link in the email. The link leads to a form that contains 5 input fields.
8. Recipient must then type the 5 security words to those fields.
9. If the words are correct, the recipient can redeem the money.
10. The money is automatically sent to the recipient's Money Button account.

Key points: to send and to receive a Money Button wallet is needed, and both parties need to be logged in to that wallet. The sender must be logged in at the time of sending. The receiver must be logged in when redeeming the money. The sender must let the recipient know the 5 security words. Without them recipient can't "unlock" the funds.

myPaymail has built to the tool another security feature: time lock. If money hasn't been redeemed before certain date and time, the money is delivered back to the sender.