Signal, an instant messaging application, has conquered space in Brazil. In its next step, the company plans to integrate cryptocurrency payments into messages.
The line will follow the same model as Facebook and its plan to integrate payments with WhatsApp. However, instead of Visa and Mastercard, Signal will opt for digital currencies.
In addition, it is also known that tests have already started with cryptocurrency transfers. The solution will be called Signal Payments, and will work with MobileCoin.
MobileCoin is tested
Signal Payments will be integrated into the MobileCoin digital wallet and will only allow transactions with MOB, the platform’s native digital currency.
Thus, members of the technology industry point out that there is a strong close relationship between MobileCoin executives and Signal’s founder and CEO, Moxie Marlinspike.
In addition, the creator of the messaging application would even have advised those responsible for the digital wallet on how to raise funds in a round of investments last month.
“The first payment protocol to which we add support is a privacy-focused payment network called MobileCoin, which has its own currency, MOB,” said Signal’s head of growth and communications, Jun Harada.
Late fame and privacy
Although it has existed for seven years, only now Signal has gained greater traction. Its proposal is to cherish the privacy of users.
Recently, Moxie Marlinspike told Wired his desire to create a world where everyone communicates knowing that they are not being watched.
“I want you to feel this not only when you speak to your therapist through Signal, but also when you pay for the session through the app,” elaborated Marlinspike.
The announcement of MOB’s integration with the messaging app has already boosted the price of cryptocurrency. At the end of March, the MOB cost $ 7, jumping to the current $ 66.
It is, therefore, an advance of almost 1,000%.
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