What does a typical BITS™ transaction look like?

To keep it simple, the movement of BITS™ will work much like an e transfer. If Bob cuts your lawn and tells you it will cost 50 BITS™, you will simply send 50 BITS™ from your wallet on the app to Bob’s wallet. Both of you will receive confirmation that the BITS™ moved from your wallet to Bob’s and you will move on with your day. It’s that simple.

Important to know: the SELLER in all barter deals is the one who processes the transaction and then the BUYER receives a notification on the app and confirms the transaction by. Once both parties agree with the deal, then it will be confirmed by the BUYER and you’re done!

NOTE: you don’t even have to put anything in the description of the transaction if you don’t want to. Just like when you send an e transfer you may often choose to not put a comment about what the 50 is for. If you want to say ‘lawn mowing services’, that’s great, but you don’t have to.