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Signal is testing a payments feature that lets you send cryptocurrency to friends

Signal is testing a payments feature that lets you send cryptocurrency to friends
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Signal is testing a payments feature that lets you send cryptocurrency to friends

Signal is testing a payments feature that lets you send cryptocurrency to friends

Signal introduced on Tuesday it’s now testing a new peer-to-peer payments system within the beta model of its apps. Appropriately known as Signal Payments, the brand new feature proper now helps just one protocol: the MobileCoin pockets and its companion cryptocurrency MOB. MobileCoin has a shut relationship with Signal co-founder and CEO Moxie Marlinspike, who suggested the corporate prior to its most up-to-date spherical of funding introduced final month.

“The primary payments protocol we’ve added assist for is a privateness centered payments community known as MobileCoin, which has its personal forex, MOB,” wrote Jun Harada, Signal’s head of development and communication, in a weblog put up. “As all the time, our purpose is to preserve your knowledge in your arms moderately than ours; MobileCoin’s design means Signal doesn’t have entry to your stability, full transaction historical past, or funds. You can too switch your funds at any time if you need to swap to one other app or service.”

payments product

Picture: Signal

The corporate says these all in favour of making an attempt out the feature should dwell within the UK for now, and people who qualify can join MobileCoin and entry the feature by means of the Signal beta. “This is a beta feature in a beta construct, however for these in the UK residing life on the sting, please assist us check and provides suggestions,” Harada writes.

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