Signal adds payments feature with privacy-focused cryptocurrency
- Signal, the encrypted messaging app, is integrating support for MobileCoin, a form of digital currency designed to work on mobile devices and protect user privacy and anonymity.
- This comes as an attempt to compete with payment options offered by competitors like WhatsApp and iMessage, but without linking to a user’s bank account.
- For now, the feature is only available on iOS and Android for users in the UK, but Signal shows plans to extend privacy-focused cryptocurrency to users globally.
- MobileCoin was chosen over more popular cryptocurrencies like BitCoin and Monero due to its seamless user experience on mobile devices, small UK user base for testing, its need for little storage space and its fast transaction capabilities.
- Full story, here.