You probably have money sitting in a savings account right now.
It feels safe and responsible
And, guess what, the banks absolutely love you for it
What changes when you choose to move that money somewhere that works for you instead? Let's find out
A 🧵
Most people assume private transactions are complicated… well, not with Loyal.
Here’s what it looks like sending a private transfer with Loyal.
> You don’t need to understand blockchain
> You don’t need to copy a wallet address everytime you want to send $$
> You just need a Telegram username and Loyal handles the rest
> Here’s exactly what happens when you send money privately, how shielded transfers work on Loyal.
Most people assume private transactions are complicated… well, not with Loyal.
Here’s what it looks like sending a private transfer with Loyal.
> You don’t need to understand blockchain
> You don’t need to copy a wallet address everytime you want to send $$
> You just need a Telegram username and Loyal handles the rest
> Here’s exactly what happens when you send money privately, how shielded transfers work on Loyal.
Most people assume private transactions are complicated… well, not with Loyal.
Here’s what it looks like sending a private transfer with Loyal.
> You don’t need to understand blockchain
> You don’t need to copy a wallet address everytime you want to send $$
> You just need a Telegram username and Loyal handles the rest
> Here’s exactly what happens when you send money privately, how shielded transfers work on Loyal.
The absence of privacy in on-chain transactions remains a major barrier to the adoption of crypto as a means of payment...
And one of the reasons this is an issue is that it hinders businesses from using digital assets in operations, such as payroll.
Imagine a company that pays its workers in crypto, or better still, a web3 startup that pays its workers in crypto.
With the current state of Crypto, anyone can see how much everyone in the company is getting paid by just clicking the address and using a blockchain explorer.
Lack of privacy may just be the missing link for Crypto payment adoption.
Every tnxs on the Blockchain can be traced, and sometimes used negatively.
Privacy plays a fundamental role in our society, inasmuch as it’s good to be transparent, some things are better left confidential.
99% of all normal economic activity requires confidentiality.
⚡without private tnxs + shielded assets:
‣ Your balances are not publicly visible
‣ The amounts sent and received are hidden
‣ The sender and receiver details are publicly visible
One can easily trace what you hold and whom you sent funds to, and how much you sent.
⚡with private tnxs + shielded assets:
‣ Your balances are not publicly visible
‣ The amounts sent and received are hidden
‣ The sender and receiver details are hidden
What you’re holding, what you sent, and what you received are hidden from public view. Your tnxs are basically shielded cryptographically on the public ledger.
Loyal Telegram Agent provides you with all that; you don't have to bother connecting your wallet, signing in, and signing out. Everything happens instantly in one place.
The handle-based payment makes it even easier to transact privately via Telegram usernames.
Financial privacy should be a fundamental right to all, and it should start with you and me.
Stay Loyal.
I can't believe how long I waited to be able to send money to my Web3 colleagues on Telegram without asking them for their wallet addresses.
I just need to know their TG username whilst my wallet address remains anonymous.
This is a feature I expect everyone should use fr!