Signal app ahead of WhatsApp, will bring first-of-its-kind payment feature

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By: Jeet Ghosh

Last Update: 2021-04-07 17:24:30 IST

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With the help of this payment feature of Signal, users will be able to pay in cryptocurrency. Currently, this feature is available to beta users in the United Kingdom. However, the messaging app is now going to start testing for the launch of its payment feature in other markets as well.

The competition between instant messaging platform WhatsApp and Signal continues to overtake each other. Meanwhile Signal is going to bring its first-of-its-kind payment feature, which is far ahead of WhatsApp in terms of design and usage. In the payment feature of Signal, users will not have to link their bank debit and credit card details. With the help of this payment feature of Signal, users will be able to pay in cryptocurrency. Currently, this feature is available to beta users in the United Kingdom. However, the messaging app is now going to start testing for the launch of its payment feature in other markets as well. 

The payment feature is being tested by Signal with a protocol called Mobilecoin Wallet, which has its own currency MOB. In such a situation, beta users will now have to link to the MobileCoin Wallet from the Signal payment app. After this you can transfer money to your friends and relatives. On behalf of Signal, it has been clarified that no information about your fund, balance will be obtained from his side. Only the sender and receiver of the Signal app will know how much money has been sent. Users will be able to track their balance on the Signal app. Also, you will be able to find the transaction history on a great interface. 

WhatsApp had to face a lot of criticism due to the privacy policy. In such a situation, the company had pushed forward the deadline to rollout the privacy policy for some time. Meanwhile, the use of the Signal app had increased quite rapidly, when Elon Musk and many stalwarts talked about using the Signal app.

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