UTC-05:00,Monday , July 06th 2020

Israeli Blockchain Startup Offers 'Undo' Button For Bitcoin Transactions

09:09 Tuesday , June 30th 2020
Kirobo, a two-year-old Israeli blockchain startup, announced on June 30 that it has found a way to tackle problems related to human error in cryptocurrency transactions.
In a recent survey by the Fio Foundation, 55% of respondents reported experiencing stressful human errors when sending cryptocurrency and 18% reported loss of funds due to such errors.
As such, Kirobo has invented "Retrievable Transfer," a way for senders to cancel a transaction that is sent to the wrong address. Kirobo provides a unique code to the sender and the receiver has to enter the matching password in order to receive the transfer.
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