Signal Adds Payment Feature Powered by Crypto

Signal has started rolling out its latest beta version which not only includes performance improvement and bug fixes but also offers a new payment feature using cryptocurrency, initially available for users in the United Kingdom.

Named “Signal Payments” the new features reflect the privacy-based mentality of the popular messaging app by providing a means for users to easily and privately send and receive money “as easily as sending or receiving a message”.

The feature is currently only available to users using Signal’s beta version who are located in the United Kingdom. It makes use of the privacy-focused payment network MobileCoin, which makes use of the MOB cryptocurrency.

Signal is Growing

Eligible users can link their MobileCoin wallet to signal to start using the feature by sending and receiving funds, as well as reviewing their wallet’s history and keep track of their holdings from the Signal App.

While the Signal account will be linked to the MobileCoin wallet, the user’s financial information will be stored locally to ensure its privacy, meaning that Signal will never have access to their information or access to the funds.

While Signal stated in the announcement that the beta testing will be expanded in the future as users provide the team with feedback, no date has been set yet.

Whatsapp User Exodus Continues

Thousands of Whatsapp users continue to migrate to other instant messaging platforms as May 15th gets closer.

The reason behind the mass exodus is the changes to Whatsapp privacy policies, which have been controversial among users and privacy experts due to the change on the platform’s ethos as Facebook aims to increase its earnings 6 years after the acquisition.

While Facebook has insisted that the changes to the privacy policies should not concern users as conversations and other user data will not be shared with any party, their defense has largely been based on a misunderstanding of how the policy affects its users.

The new provisions…

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