A team of developers have developed what could be the first successful integration of cryptocurrency wallets into probably the most popular social media platform in the world, the Whatsapp.
Introducing the First Whatsapp Crypto Wallet
With many startups and institutions racing to infuse cryptocurrencies into popular social media platforms such as Telegram, Facebook Messenger and Whatsapp, it seems that Wuabit, a new service and team of developers would be the first to spearhead the crypto-social industry.
The integration of cryptocurrency wallets into one of the most popular social platforms in the world is an intentional and huge step at bringing cryptocurrencies into the mainstream. The new crypto wallet designed by Wuabit would be launched next month in its beta version.
The crypto wallet is expected to allow familiar basic services such as sending and receiving of crypto coins, and trading transactions. Whatsapp is not the only platform that the service would be launched on as Telegram also joins the Facebook-owned messaging platform to be the first to host the wallet’s beta version.
An announcement from Wuabit’s official blog read:
“We are near completing the wallet core service starting with BTC. By using WhatsApp/SMS/Telegram, you can access that wallet easily. Crypto payments via WhatsApp can introduce greater numbers of new users who only know how to chat to this complicated space. Usability is key in user adoption and a great enabler.”
The crypto wallet service has also been touted to be launched on other popular social platforms such as Viber and Facebook Messenger soon, as Wuabit aims to be the first to bring the ease of cryptocurrencies into everyday chat interface.
The wallet service has also been revealed to be built on robust AI algorithms that would allow users to send and trade easily without being too technical. Messages such as “Send 1 BTC to John” should easily do the job.
Tippin, Samsung S10, Now Wuabit
More services are being built to integrate digital currencies into everyday products as the industry continues to push for mainstream adoption. Services such as Tippin’ which leverages the Lightning Network and is integrated onto Twitter is set to drive crypto consciousness. However, not even Wuabit and Tippin might have more influence on non-crypto enthusiasts like Samsung S10’s new inbuilt complete and fully-integrated crypto wallet. With the Samsung S10’s new platform, users without prior knowledge of cryptocurrencies can now create their own wallets and trade digital assets too.