Being the Blockmason fan you are you may have heard about the app we have in development, Lndr. Lndr’s core functionality is tracking debts between you and your friends and family. An important feature that will be built into version two of Lndr will be the ability to settle debts with cryptocurrency directly through the app. We plan on integrating a range of currencies but since we’re building on top of Ethereum that would obviously be the first to be integrated.
OK you’ve been using Lndr for a while now and now you have debts with your friends and family. All of who know hardly anything about cryptocurrency. They probably have never heard of Ethereum, maybe you’ve told them about how you’ve been hodling it and it’s on its way to the moon. Well guess what. Now you can settle your debts with them in Ethereum.
Now suddenly your friends who didn’t want to go to the trouble of setting up an exchange account and your family who was just a bit confused by how all this crypto stuff worked suddenly have $15 of Ethereum in their Lndr wallet. What will they do with that Ether? Maybe they’ll pay you back for a debt you have with them in the future. Maybe they’ll notice the price jump up. Maybe they’ll try to pay for everything in the future so that you’re always in debt to them and can pay them back in crypto again and again.
Lndr’s other great feature is that it uses the Ethereum blockchain in the background. By this I mean that credits and debts get stored on the Ethereum blockchain, but actual users of the app don’t have to worry about having Ethereum or setting their gas prices. This means that average users can start using Ethereum and the blockchain without even knowing they’re doing it. As more and more people use Lndr, more and more people are using the Ethereum network.
Lndr is not simply an app using the blockchain to track debts between two parties. It’s not simply a way to send crypto back and forth between people. Lndr is Blockmason’s crypto trojan horse. By leveraging smart contracts on the Ethereum blockchain, we invite the other 99% of the world to use blockchains for real, active, daily purposes — and to suddenly find themselves the proud owners of their first bits of cryptocurrency.