Signal is testing in-app payments through cryptocurrency

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The fast-growing encrypted messaging app Signal announced that it will allow users to send money in cryptocurrency to friends and relatives, as it tests a new peer-to-peer payment system in its beta version.

The new feature is called Signal Payments, and it is available in the UK first, and will currently support a privacy-focused payments network called MobileCoin, which has its own currency, MOB, said John Harada, Head of Growth and Outreach at Signal: “As always, our goal is to keep With your data in your hands instead of ours; MobileCoin’s design means Signal cannot access your balance, complete transaction history, or funds. “

“You can also transfer your money at any time if you want to switch to another app or service,” he said in a statement late on Tuesday, and the company said it aims for payments at Signal to be fast, private, and work well on mobile devices.

The company also said: “Signal Payments makes it easy to connect your MobileCoin wallet to Signal so you can start sending money to friends and family, receive money from them, track your balance, review your transaction history with a simple interface,” and “If you want to give it a chance and tell us what you think, it is Transferring from / to MOB on FTX and other exchanges soon. “



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