WhatsApp Competitor Signal Tests In-App Peer-to-Peer Crypto Payments

Signal App, the recently popular WhatsApp competitor, and end-to-end encrypted messaging app is pushing up the envelope and planning to test in-app crypto payments. The new feature called Signal Payments is currently in the beta version and allows its users to send money in digital currencies to friends and family.
Signal said that the feature is currently available only in the UK and currently supports a privacy-focused payments network called MobileCoin, having its own native currency called MOB. The official announcement from Singal reads:
“Signal Payments makes it easy to link a MobileCoin wallet to Signal so you can start sending funds to friends and family, receive funds from them, keep track of your balance, and review your transaction history with a simple interface.
As always, our goal is to keep your data in your hands rather than ours; MobileCoin’s design means Signal does not have access to your balance, full transaction history, or funds. You can also transfer your funds at any time if you want to switch to another app or service”.
Taking Up The Competition Bar Higher
Recently, the Singal app gained a lot of traction when Facebook-owned WhatsApp announced tweaking its policies with user data accessibility. Facebook has been having a bad reputation so far with handling user data with multiple major leaks in the last few years.
The news of tweaking WhatsApp policy irked its users and even billionaires like Elon Musk asked his followers to move away from the platform while rooting for …
Story continues on CoinGape

Related posts
CoinbasecryptocurrencyCryptocurrency NewsNews

Coinbase’s Active Users Spiked 117%, Sending Q1 2021 Revenue To A Whopping $1.8B

Telling prospective investors that your cryptocurrency exchange made an insane $1.8 billion during the first three months of the year is certainly an optimal way of marketing your company just days before its Nasdaq listing. Coinbase exchange released its first…
NewsNews 1RippleSocialTrading ViewXRP

XRP lawsuit update: Ripple scores point after Court grants access to SEC's Bitcoin, Ether documents

In what is a major victory for the San Francisco-based Ripple Labs, the blockchain firm has been granted access to the United States Securities and Exchange Commission’s documents and discussions abouThe post XRP lawsuit update: Ripple scores point after Court…

Ripple price leaves dust in its wake as bulls focus on settling above $1

The flagship cross-border token hit a multi-year high at $1.1. The trend is in the bull’s hands despite the hunt for higher support. A correction under $1 would trigger declines likely to test $0.8 and $0.6. Ripple has been like…