Spanish Startup Wuabit Launches Crypto Wallet for WhatsApp

Wuabit, a Spanish startup, has launched a new beta of a virtual currency wallet that can be used via WhatsApp. The information has been released by Manuel polo, founder and CTO of Wuabit. It would be possible to send and receive funds in a very simple way using the famous messaging applications.

Cryptocurrency Wallet On Top Of WhatsApp

This new wallet aims to provide support for many different virtual currencies. This would allow users to have control over their funds in an easy way through WhatsApp. Some of the virtual currencies accepted would be Ethereum (ETH), Bitcoin (BTC), Litecoin (LTC) and Bitcoin Cash (BCH).

Additionally, Wuabit wants to launch the same service for other applications such as Telegram, Facebook Messenger or Viber.

Using the application, users would have the possibility to exchange virtual currencies as well. Furthermore, as they have the necessary licenses to operate using some fiat currencies, the company is negotiating integration with other firms.

The system works in a very easy way, and has been designed for both newcomers and experienced users. To start transferring coins, users would have to add a new contact that would work as a chat bot.

About it, Mr Polo explained:

“There are several possibilities that technically have not been done so far because WhatsApp does not allow us access to its platform. The opening of the WhatsApp platform through API of large messaging aggregators such as Twilio in the United States, was what made us return to this idea.”

In the past, Manuel Polo co-founded another company known as Pagobit, which works as a payment processor in Spain.

WhatsApp is currently trying to open its API for other companies. Nonetheless, they did not inform if they will be supporting chat bots. If this was not enough, Wuabit would be processing payments using Bitcoin’s second layer, the Lightning Network (LN).

Currently, the company is developing the beta version of the app. That means that they are processing fake transactions to test the reliability and functions of the network.

This is not the first time that there is a company that allows users to send and receive cryptocurrencies using social networks. A Swiss startup has also launched a system for users to send and receive Litecoin using Telegram or other messaging apps.

Furthermore, GoSeedit allows users on Twitter to send and receive Tron (TRX) in a very easy way.

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