Crypto Wallet for WhatsApp – The Next Big Thing!
To promote the spread of cryptocurrency in the world and make transactions easier, some developers have created a Crypto Wallet for WhatsApp that will allow the users to access cryptocurrency from the popular messaging apps like WhatsApp, Telegram, Messenger
The use of Bitcoin and Blockchain
We’re all familiar with Bitcoin and it’s use around the world. This form of crypto currency uses Blockchain (in fact, all do) and allows users to securely have transactions among themselves. Bitcoin is a hugely popular form used around the world and the Crypto Wallet for WhatsApp will only increase it’s use.
Why to use Blockchain?
Blockchain is a technology that uses hashing algorithms to encode information that can’t be decrypted again. It uses a decentralised database instead of usual centralised databases to store information. This way the wallet becomes a lot more secure and it becomes almost impossible to hack it. This is because in case of a data breach, the data would have to be changed on every computer to which the system is connected on the network and also from every block.
Wuabit Wallet to be used:
Wuabit, a digital wallet for cryptocurrencies, has chosen WhatsApp as its first launch platform due to the platform’s immense network popularity to work on Crypto Wallet for WhatsApp.
According to The Express, Wuabit intends to launch a public beta test service starting as early as next month. The objective of the launch is to first allow WhatsApp users to integrate BTC payments using chat commands in the application.
Furthermore, according to a post, the developers intend to add more services such as price checking and trading to the software in the future.
The company also intends to integrate other popular crypto-projects such as Litecoin, Bitcoin Cash and Ether into their services soon. With this development, Wuabit aims to emerge as the winner in the race to integrate cryptocurrencies with social media platforms.
Words from the Wuabit Developers
“Crypto payments via WhatsApp can introduce greater numbers of new users, who only know how to chat, to this complicated space. Usability is key in user adoption and a great enabler.”
In fact, a company spokesperson told Express.co.uk that “We are near completing the wallet core service starting with BTC. By using WhatsApp/SMS/Telegram you can access that wallet easily. Crypto payments via WhatsApp can introduce greater numbers of new users who only know how to chat to this complicated space. Usability is key in user adoption and a great enabler”.
There are many challenges to Crypto Wallet for WhatsApp as for any new technology. The biggest challenge obviously is to have people put their trust in the technology which can only be attained gradually with mutual understanding of the technology and how it’s gonna work. These challenges have to be overcome to have a more secure transaction system in future.
THE SHIFT TO CRYPTO USE ON A LARGE SCALE
All of this is gonna lead us to adopt and use
More and more companies across the world are adopting crypto methods and Crypto Wallet for WhatsApp is only gonna take this forward. Recently, a Chinese company has launched extensions for Firefox and Chrome that allows users to send and receive Bitcoin (BTC) micropayments on Twitter via the Lightning Network.
Samsung recently announced that its Galaxy S10 series, the flagship lineup for 2019, will come with a built-in private storage solution for blockchain-based assets.
We are moving towards mass use of this amazing technology!
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