Jupiter Exchange Launches Jupiter Send
Jupiter Exchange launches Jupiter Send, previously available only on Jupiter Mobile, and has already processed over 100,000 transactions.
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Jupiter Send Launch Features and Capabilities
So, the key DEX aggregator in Solana, Jupiter, announced that Jupiter Send is no longer exclusive to Jupiter Mobile.
Now, a wide set of users gets a simple UX, where the sender selects an asset, specifies the amount, and generates a link, paying only standard gas fees. The recipient installs the Jupiter Mobile app, follows the link, or scans a QR and instantly receives the tokens.
This opens up an entire range of mass and everyday scenarios: gifting, payment for goods and services, as well as onboarding of new users. Thus, Jupiter expands and reinforces the "send crypto like a link" scenario – with the gas paid by the sender, instant receipt through the Jupiter Mobile app, and the ability to cancel unclaimed transfers.
Conclusion
Not only is the Ethereum ecosystem growing and offering more and more real-world scenarios, but Solana is too. With Jupiter, we see how Solana is becoming ever closer to the average user, and even has greater potential due to the speed and low cost of transactions. However, in order to fully surpass Ethereum, a lot of work still remains, and we will likely still have to observe the battle for dominance of the two key Web3 players.
The content provided in this article is for informational and educational purposes only and does not constitute financial, investment, or trading advice. Any actions you take based on the information provided are solely at your own risk. We are not responsible for any financial losses, damages, or consequences resulting from your use of this content. Always conduct your own research and consult a qualified financial advisor before making any investment decisions. Read more
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My name is Alexandros, and I am a staunch advocate of Web3 principles and technologies. I'm happy to contribute to educating people about what's happening in the crypto industry, especially the developments in blockchain technology that make it all possible, and how it affects global politics and regulation.
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