Cashbox is a new person-to-person money transfer app that provides enhanced security features when sending money.
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These features make Cashbox a flexible and secure option for transferring money, allowing the sender to control the security level and timing of the transaction.
Unlocked Cashbox
When you send a Cashbox, you have the option to send it unlocked. This means the recipient can immediately access the money without any additional security steps.
Locked Cashbox:
Locked Cashbox: If you choose to send a locked Cashbox, you can enable one or more security features to ensure that only the intended recipient can unlock and access the funds.
Security Features for Locked Cashbox:
GPS Verification:
This feature ensures that the recipient can only unlock the Cashbox if they are at a specific geographic location. This adds an extra layer of security, particularly if you want the recipient to be in a known or safe location to access the funds.
PIN Number Verification
You can set a PIN that the recipient must enter to unlock the Cashbox. This is a straightforward method to ensure that the person receiving the money is the intended recipient.
Video Verification:
With video verification, the recipient must verify their identity through a short video. This could involve facial recognition or a live video call, adding a higher level of security to the transaction.
Expiration Time
You can set an expiration time for the Cashbox. If the recipient does not unlock the Cashbox within the specified time, the Cashbox automatically expires, and the money is returned to you. This feature ensures that if the transaction is not completed within the desired time frame, the funds are not lost.
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