Use existing usernames (social media, email, etc.) to send money. This is a hackathon project for the Unlocking the Potential of XRP Ledger Hackathon.
This is a simple service that allows you to send money to a user who may not yet have an XRP address. It's implemented as a command line tool that creates a non-custodial wallet as well as a backend service that watches for incoming payments and fulfills escrowed payments.
To send money to an email for example, you'd issue a command requesting to send money to Distributed Identifiers (DIDs) which can be associated with a social media account or email address. The tool uses the escrow functionality of the XRPL to set aside funds, notifies our backend of the new user, and later creates a payment when we know the payment account for the user.
$ setler send social did:kudos:email:matt@loremlabs.com ...
- The escrowed payment is received by the XRPL.
- Th watcher service watches our payment address for new transactions.
- When we receive a transaction, we check to see if it is a DID we know about. If it is, we check to see if the DID has a payment address associated with it.
- If the DID has a payment address in our database, we fulfill the escrowed payment with the pre-image. We then send the funds to the DID's payment address.
- If the DID does not have a payment address in our database, the funds can be returned when the escrow expires.
