Although blockchain has come a long way, it is still very early in its development and the blockchain is not user friendly for the non-tech savvy. Blockchain users still use long random strings of letters as send/receive addresses that are easy to mess up. Funds are often sent to the wrong address, resulting in permanent loss. On LootUp, we're creating a revolutionary middle process feature that will require users on the receiving side to confirm payment or allow the sender to cancel before their transaction is confirmed. Additionally, we are integrating an invoice option which will require the receiver to sign and confirm before receiving funds.
Some of the features promised by LootUp include:
Non-custodial: LootUp never physically controls users' funds with everything managed via smart contracts
Simplicity: Users can send crypto payments to usernames and not long random addresses that can be confusing
Confirmation: Recipients must confirm or cancel payments enabling the sender to maintain control using decentralized broker wallets.
Invoicing: Users can attach relevant invoices together with outgoing payments
Built In Messenger App: Users can securely chat & interact to discuss payments
Marketplace: Users can access a marketplace enabling them to buy and sell via their crypto wallet
Reputation: Users can grow their reputation without sacrificing privacy. Free for anonymous users and premium will allow for KYC and fully verified users.
The team at LootUp believe that the days of writing a check, or running to an ATM to pay back a friend or manage a simple transaction, will soon be a thing of the past.
"LootUp makes crypto simple; in fact, users won't even really need to think about it as crypto but rather LootUp. It will feel like a normal payment app, but better!" concluded CEO Justin Waiau.
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