The Signal messaging app , which is funded only by donations, now accepts Bitcoin (BTC) and other cryptocurrencies .Signal is also reportedly considering creating its own cryptocurrency as a payment method on the app.
Cryptocurrency donations
Users of the leading privacy-focused messaging app Signal can now support the project with cryptocurrencies.
The news broke Monday on Twitter : “ As a nonprofit, we depend on your support. If you've patiently waited for Signal to accept cryptocurrency donations, you no longer need to withhold your generosity. "
All cryptocurrency donations made on the app will be processed by The Giving Block, a donation platform for charities.
Signal accepts 12 cryptocurrencies, including Bitcoin, Ether (ETH), Litecoin (LTC), Bitcoin cash (BCH), Gemini Dollar stablecoin (GUSD), Basic Attention Token (BAT), Zcash ( ZEC) and Chainlink (LINK).
A Signal cryptocurrency?
In January 2021, it was rumored that Signal was testing cryptocurrency payment features.
The experiments were reportedly carried out with MobileCoin (MOB), a privacy-focused cryptocurrency running on the Stellar (XLM) blockchain.
Moxie Marlinspike, CEO of Signal, is already involved in the MobileCoin project as an advisor, which reinforces speculation that the test could be carried out in order to prepare for a deployment in the messaging app. instant .
However, Moxie Marlinspike played down the speculation and explained that the essays were “concept explorations”.
Source: Cointelegraph