WhatsApp's competitor Signal
tests peer-to-peer payments via
Taking a cue from its rival WhatsApp, the fast-growing encrypted
messaging app Signal has announced to let users send money in
cryptocurrency to friends and relatives, as it tests a new peer-to-
peer payments system in the beta version of its app.
Called Signal Payments, the new feature that is available in the UK
first will currently support a privacy-focused payments network
called Mobile Coin, which has its own currency, MOB.
"As always, our goal is to keep your data in your hands rather
than ours; Mobile Coin’s design means Signal does not have access
to your balance, full transaction history, or funds," said Jun
Harada, Signal's head of growth and communication.
"You can also transfer your funds at any time if you want to
switch to another app or service," he said in a statement late on
The company said it aims payments in Signal to be fast, private,
and work well on mobile devices. Read More