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Sampath Bank launches Blockchain Gifting App

Sampath Bank, the third largest private sector bank in Sri Lanka, has launched a blockchain person to person gifting mobile app.

The new app, called Sampath igift, will enable all account holders at the bank to gift money, between 100 LKR ($0.63 USD) to 10,000 LKR ($63 USD) per gift, to anyone in their smartphone’s contact list. The maximum amount that can be gifted in a day by an account holder is 100,000 LKR ($630 USD). It also allows account holders to include personalized messages with text, selfies, emoticons, stickers and more, to their friends and family, with the gift.

The app is currently available on the Google Play Store and will soon be available on the Apple App Store. Recipients who have the app installed on their smartphone will get an in-app notification when they receive gifts through Sampath igift. They can retrieve the gift and deposit the money to their account at Sampath Bank or any other bank in Sri Lanka. In the event the recipient does not have the app on their device, they will receive a SMS with a link to download the app and access the gift.

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