Whats App users can now send and receive () and (LTC) via the popular messaging platform thanks to the Lite.Im bot. The announcement is the latest attempt to simplify the transaction process, bringing virtual currencies closer to the everyday person.
Sending bitcoin on WhatsApp
In a tweet published by Zulu Republic on Sunday (May 19, 2019), the digital platform announced that its messaging platform Lite.Im had introduced a simple way to send and receive via WhatsApp.
we are happy to announce that from today you can send and receive & on via ! try it yourself here:
— Zulu Republic (@ztxrepublic)
All users have to do is add the Lite.Im WhatsApp bot and follow the on-screen prompts. There are numerous options for users apart from sending and receiving and LTC.
The service also allows people to earn via a referral program. There are also options that allow users to set their default coin, as well as select their preferred language and password.
Presently, the two default languages are English and Spanish. The service also supports sending and receiving Ether (ETH) and ZTX – the native on the Zulu Republic platform.
Making BTC Transactions Easier
SMS-based transactions introduce some simplicity into the transaction paradigm, especially for less tech-savvy individuals. Lite.Im already has for Facebook Messenger, Telegram, and SMS.
According to the company, “social messaging” is an of wider . WhatsApp alone has more than 1.5 billion users in virtually every corner of the globe.
With mobile money transactions becoming easier in places across Southeast Asia and Africa, there is the possibility of more unbanked and underbanked people getting greater access to payment channels.
In 2019 alone, there has been a slew of announcements from different establishments about plans to adopt . From desks to acceptance as a medium of exchange, the top-ranked continues to dominate the .
Many commentators in the industry say is becoming a more mature asset class and looks well on its way to fulfilling the expectations of many early believers.
Competition for ‘Facebook Coin’
With Facebook having its own plans, Lite.Im could potentially be seen as competition. There is about the exact nature of the social messaging giant’s virtual currency ambition but rumors persist that it will be a “” .
Though it’s like FBCoin will be . Luckily, you can already send on Whats App.
What do you think about SMS and social media-based transactions? Let us know in the comments below.
Images via Twitter and Bitcoinist
Published at Sun, 19 May 2019 22:37:20 +0000
