New Crypto Wallet Service Wuabit Brings Cryptocurrencies To WhatsApp Users Around The World
New Crypto Wallet Service Brings Cryptocurrencies To WhatsApp Users Around the World
In order to increase cryptocurrency adoption around the world, there is a team of developers that decided to create a cryptocurrency wallet that allows individuals to have access to virtual currencies from their WhatsApp application. The new wallet is called Wuabit and it allows users to send, receive, trade and store virtual currencies.
Wuabit A Crypto Wallet For WhatsApp
Cryptocurrencies have expanded to different countries. However, it sometimes remains difficult for users to understand how the technology works. Indeed, users may not fully understand how to manage a wallet in many cases. Thus, having a wallet integrated on WhatsApp, a messaging platform known by millions of individuals, is a good initiative.
The new wallet is close to completion and it will be offering services not only to WhatsApp users but also individuals using Telegram, Facebook Messenger or Viber.
As reported by The Express, Wuabit will be launching its services very soon. According to the developers behind Wuabit, the new service is an AI-powered software agent that will allow individuals to perform different actions with their virtual currencies.
Next month, the intention is to launch a beta of the service. According to developers of the platform, they will be adding more services in the future and integrate price checking and trading as well. They will be adding support not only to Bitcoin (BTC) but also to Litecoin (LTC), Bitcoin Cash (BCH) and Ether (ETH).
Not everyone uses WhatsApp, so allowing individuals to use a crypto wallet in different messaging services such as Viber, Facebook Messenger or Telegram will also attract more people to use this service.
During the last few months, there has been a rumor about WhatsApp implementing a digital currency for processing cross-border payments. The goal seems to be the remittance market in India, that moves a large amount of money per year.
On Twitter, last month, developers created the chrome extension Tippin. With it, Twitter users could send small Bitcoin donations to other users just by pressing a button and using the popular Lightning Network (LN). The initiative was so popular that it even attracted the attention of Jack Dorsey the CEO of Twitter and Square.
Although these developments seem to be very promising, it is just a matter of time to see whether these implementations will really help increase crypto adoption in the future or not.