Stellar Federated Service provides an easy way to send money to anyone using a memorizable ID instead of a cryptic Stellar ID. I have created a Stellar Federated Service beginning of last year that I open sourced and I run under https://stellarfed.org

This service unlike others uses email address in the federated addresses. So an example of a valid federated address on StellarFed is ankurpatel@me.com*stellarfed.org
URL: https://stellarfed.org/u/ankurpatel@me.com

Using this I created a Stellar network watcher to look for payment transactions to Stellar accounts that have an associated Federated ID and email users of the transaction on that account. Since I have the email in the Federated ID I can send them an email and users can opt out of the email if they only want a Federation service.

I would appreciate feedback on the website and this account watcher feature.

This project also allows users to send payment to other users who do not have a Stellar Account. If I want to send lumens to my friends who do not have an account I can just send it to myfriend@gmail.com*stellarfed.org and it will generate a Stellar account on the fly and the payment will go to that. My service will then email that user at myfriend@gmail.com which is the email of my friend and they will get the email with the Secret Key that they can use to view their account or transfer money to another Stellar account they own.

If I want to send lumens to my friends who do not have an account I can just send it to myfriend@gmail.com*stellarfed.org and it will generate a Stellar account on the fly and the payment will go to that.

How does it do that? Does it use custodial accounts for everyone, or just for those who have not signed up with it yet?

It is a regular account with one signer and they can use this to transfer or use it as their primary account. The account info is deleted after it is shown once and a warning is shown to the user to save the Secret key otherwise the account will be lost.

    ankurp Oh I see what you mean. So if you happened to type in the wrong email address are the lumens gone forever?

      11 days later

      @StellarGuard So if wrong email address is typed then the lumens will not be gone. They can reach out to StellarFed and we will have the secret key to revert the transaction and send money back if needed. If email is sent to a wrong but valid email then if that person accesses the link and views it then yes the lumens will be gone and then cannot be retrieved as the secret is erased after it has been redeemed by someone.

      I guess if someone is sending a lot of lumens they would want to first make a small transaction before transferring a large fund.