Signal overtook WhatsApp? Encrypted transfers theoretically work

Signal users all over the world can theoretically use the proprietary system of transferring funds to specific interlocutors. Previously, a similar solution was implemented, among others in WhatsApp, but in Poland it cannot be used and is not encrypted.

There is a lot of buzz around the web about sending money via Signal. The idea of ​​exchanging funds via the messenger is not innovative, but the implementation with full end-to-end encryption and the use of cryptocurrencies is. As determined by Wired, Signal can already use this option all over the world – or at least theoretically, because in practice it may be problematic or impossible.

Payments should be available in Signal beta, but even for testers, using the cryptocurrency transfer option is not particularly easy. Wired reports that the very loading of a wallet that supports the MobileCoin signal cryptocurrency can be problematic, and the subsequent replacement – difficult due to its low popularity on exchanges.

Payments in Signal at the testing stage
Photo source: © Signal

Payments in Signal at the testing stage

The possibility of transferring money to callers in Signal debuted almost a year ago, at the beginning it was tested on the British market. As the creators declared at the time, the aim was to create a supplement to encrypted conversations in the communicator, so that, via Signal, it would be possible to not only conduct a session with a therapist, but also pay for it safely.

Signal is safe, but not completely safe.  Trust is a risk

Signal is safe, but not completely safe. Trust is a risk

About Alex Marcell

He likes dogs, pizza and popcorn. Already a fanboy of Nintendo and Sony, but today throws anything. He has collaborated on sites and magazines such as GameBlast, Nintendo World, Hero and Portal Pop, but today is dedicated exclusively to Spark Chronicles.

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