One of the most widely used cryptocurrency exchanges in the world, FTX, has introduced a brand new and interesting feature that enables users to transfer cryptocurrency or USD to any email address or phone number, as shared by the company’s founder/CEO Sam Bankman-Fried.
In the event that the aforementioned email address or phone number is not connected to any wallet, the owner of that email address or phone number is required to register an account and auto-credit themselves, as stated by SBF.
One of his followers on Twitter posed the following question to him: “What happens in the event that the owner of the receiving email address does not pass compliance checks, or in the event that the email address is incorrectly entered by the sender and either does not exist or is just incorrect and goes to an unintended person?” In response, SBF said that the money will “eventually gets returned to sender.”
This development comes after news began to circulate that Sam Bankman-Fried reportedly wanted to invest up to $15 billion in Elon Musk’s takeover of Twitter. Apparently, Musk turned down FTX CEO’s offer of up to $15 billion to finance the purchase of Twitter.
A representative of the crypto tycoon, Will MacAskill, contacted Musk, indicating that SBF is interested in acquiring it and then making it better for the world using blockchain, according to a series of text exchanges made public during the Twitter case.
The new Twitter owner replied to a text asking whether SBF had a lot of money, and MacAskill stated that the FTX boss was worth $24 billion and was prepared to spend $8 to $15 billion in the acquisition.
