QuickCoin is taking its shot at mainstream Bitcoin adoption with the launch of an app which allows BTC transfers to be made on Facebook.
With more and more attention being given to Bitcoin, the race is on to convince social network users of its credentials. Now, QuickCoin has released an app to do just that: users log in to their Facebook account to access a ‘social wallet’, basically a balance, and select a Facebook friend to be the recipient of the transaction.
No place for decimals
Co-founder Marshall Hayner explained it is part of a simple strategy surrounding Bitcoin adoption which QuickCoin is seeking to pioneer.
“You don’t need to know how DNS works to surf the internet, so why should you have to know how Bitcoin works to use Bitcoin? The answer is clear: you shouldn’t have to,” he told Tim Hornyak in an online chat.
Alleviating the need to understand any of the technical aspects of Bitcoin requires quite some interface skill, and the social wallets display both USD and bit balances. That is to say, even potentially off-putting decimals are shunned in favor of expressing sums in units worth 0.000001BTC each.
Hence, a US$5 balance would alternatively be displayed as around 8548bits, something which may nevertheless take a fair amount of getting used to.
Quickcoin is in a strong position, however, being advised by Dogecoin founder Jackson Palmer, and we all know the viral power of the Dogecoin name. The app’s potential to spread nonetheless hinges on its easy accessibility, and while Hayner maintains that Facebook’s approval is not required, any hiccups in this respect could affect popularity drastically.
“We realized if we could make something that makes sense for everyone to use, we could reach a large audience with an amazing world-changing technology, and that’s what we seek to do,” he continued.
Regardless of the potential pitfalls, QuickCoin is certainly leading the way at present, and fuelled by the current Bitcoin momentum the potential for it to cement its status as a genuinely popular social tool is becoming noticeable.
“We're relying on the viral element of how easy it is to receive Bitcoin with our app. Never before has it been this easy. Two clicks and you are in to our wallet, and it's not intimidating. This is a sea-change from what people are used to.
“As a social tool I think it's amazing. When you think about the technology that the blockchain brings, it's really mind-bending. Money now weighs nothing, can be transferred instantaneously around the world for virtually nothing and is attached to the largest social network in the world.
“We have some really amazing features and partnerships lined up. We're more than just a 'tipping app'. We're changing the way people use the internet. Changing the way the world exchanges value.” – Marshall Hayner, founder and CEO, QuickCoin.