Developments

WhatsApp welcomes Bitcoin ahead of Facebook Coin launch

WhatsApp welcomes Bitcoin on the platform allowing users to send and receive Litecoin (LTC) and Bitcoin (BTC) thanks to Lite.Im bot. This is the most significant announcement attempt to simplify the cryptocurrency transaction process. It will help bring virtual currencies close to the people.

On Sunday Monday 19, a tweet published by the Zulu Republic stated that the digital platform announced its cryptocurrency messaging platform Lite.Im to help simplify ways to receive and send virtual currency via WhatsApp.

Users will have to add the Lite.Im WhatsApp bot, and follow on-screen instructions. A lot of options are available for users apart from receiving and sending Bitcoin and Litecoin. The good news about the platform is that people can earn cryptocurrency via a referral program. There are options for users to set their default coin and to select their preferred language and password.

The default languages currently are Spanish and English. The WhatsApp service also supports receiving and sending Ethereum (ETH) and ZTX native token of the Zulu Republic platform.

As WhatsApp welcomes Bitcoin and other cryptocurrencies, it makes transactions easier through an SMS–based cryptocurrency transaction especially for less tech-savvy individuals. Lite.Im provides similar services for telegram, SMS and Facebook Messenger.

According to the company, cryptocurrency adoption is an essential component of social messaging. WhatsApp has over 1.5 billion users around the world.

This mobile money transaction through WhatsApp will make it easier for people in Africa and Southeast Asia where there are huge population of underbanked and unbacked people.

The fact that WhatsApp welcomes Bitcoin ahead of the Facebook Coin launch will help individuals to learn about virtual currency and develop trust in them. Bitcoin is slowly becoming a mature asset, and it’s fulfilling the expectation of its early believers.

As WhatsApp welcomes Bitcoin, do you think it will be a competitor to Facebook which it planning to launch its coin on the same platform?

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coinmag

Philip is an experienced blogger keen on staying updated with trends and news surrounding the blockchain and Bitcoin space. With several years of freelance experience in various industries, Philip brings his knowledge and experience into the crypto space.

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