Send IOTA Cryptocurrency mIOTA Payments Using Email via Delion API
Delion API Now Permits IOTA Payment Using Email
Delion API is a channel through which developers and startups can create business models on IOTA’s tangle. Tangle by itself is a blockless DLT technology where users can do proof of work on their own transactions for consensus but with a centralized Coordinator allowing for high throughput and infinite scalability.
In order to make IOTA suitable for mass production, developer Malik Dakdaki has created a new feature on delion:api that gives users the ability to send and receive IOTA payments with an email address. The technology is based on the PayPal model, which is already one of the largest payment service providers in the world.
Benefits Of Delion API
- Convenient Payments:There is a growing need to make the sending and receiving of cryptocurrencies a lot more convenient. No straightforward solution existed for IOTA until recently. The Delion launch will pave the way for numerous convenient payment solutions through its native API. Exploring opportunities via email will be the first order of business, which would make this concept somewhat similar to how PayPal operates in this day and age. To achieve this potential, users will need to sign up for an account, fund their wallet, and input the recipient’s email address. It is not overly complicated at this stage, albeit there are still some concerns as to how Delion might lead to further centralization during the initial stages.
- Direct Content Sales: For those who are intent on selling goods in exchange for IOTA – either physical or digital items – the new Delion API can introduce a fair few solutions moving forward. The project’s interface can connect to numerous online stores, including WooCommerce, Shopify, Bandcamp, and others. This makes it a lot more straightforward to integrate IOTA payments for shops, exchange platforms, and auctions alike. It also provides digital content shipment.
- IOTA-Fiat Gateways: Arguably, the biggest benefit of Delion is how there is a native solution to buy and sell IOTA tokens in exchange for fiat currencies. By actively connecting the Delion API to payment gateways, a lot of interesting solutions can be explored in the future. Any online platform can effectively sell IOTA tokens through this method, although it remains to be seen if anyone will explore it for that specific business model. Depending on which payment gateways will be supported, numerous payment methods for IOTA tokens can be introduced.
However, there are some drawbacks for Delion API too. The community is concerned that this new service is but centralized despite saving the hustle of generating and publishing new IOTA addresses when moving funds from one end to another. Furthermore, it’s pretty hard to move your IOTA coins out of the Delion ecosystem because while there is an option of sending IOTA to external addresses, the option has been disabled.