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Signal already integrates payment functionality, but there is a catch

Signal has grown without a doubt in the last few months, largely due to the exodus of several WhatsApp users looking for a more anonymous service. Now, the application receives another asset to captivate even more people.

The latest addition from Signal is the launch of a payment service within the application itself. It is a solution similar to what WhatsApp or iMessage already offer, however, it will not please everyone.

Signal already allows payments, but only on MobileCoin

This system is called Signal Payments and uses only the MobileCoin cryptocurrency. It is a digital currency precisely designed to be traded only between mobile devices.

Signal

MobileCoin was created in 2017 and works on Stellar blockchain technology. With the integration of this digital currency in Signal, users will also be able to access their movements and balance without having to leave the message exchange platform.

What should not please the majorities is the fact that Signal only supports a currency that is not accepted in traditional media. That is, you will not be able to use this solution to buy goods, nor to take money that a friend can send you through this route.

Privacy is the focus of Signal with this option

Signal justifies the option for MobileCoin with the protection of the privacy of its users. Anonymity is one of the main advantages of this cryptocurrency and this will be another asset in favor of this platform to captivate even more users unhappy with the functioning of WhatsApp.

The use of MobileCon will make all transactions known only to the sender and recipient. Signal informs that it will never have access to its users’ information regarding its digital asset.

Functionality is being tested in the UK and USA

Through its official blog, Signal informs that its payment functionality is still in beta. The first tests will be carried out in the United Kingdom for Android users and in the USA for iOS.

No details were shared on the date for the official availability of this feature, nor on its extension to other markets. We look forward to more information on the topic.

4gnews editors recommend:

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