WhatsApp Alternative Signal Now Offers a Paid Feature

Messenger Signal has published its payment function worldwide with its crypto currency MobileCoin. To be able to send money back and forth, users must first activate the service.

Signal Messenger users can use Application Recently received and sent Mobilecoin (MOB). Like Crypto Messenger, the digital currency is geared towards data protection. In all Signal installations, the corresponding in-app payment function is likely to appear one by one.

The function can be found in the settings under “payments” and is still marked with “beta”, i.e. as a function that is not yet fully developed, but which can already be used Is. Mobilecoin was co-developed by Moxie Marlinspike, the founder of Signal.

Link Wallet to Signal Account

To activate the payment function, you need to buy MOB from a trading platform and keep it in a wallet, which is a kind of account. cryptocurrency, has been transferred. The wallet is linked to the Signal account.

Payment can be initiated in the settings under “Payment / Send payment” or directly in the chat. There you need to tap on the attachment symbol (plus sign) and then select “Pay”.

Anonymous and Greenery

While digital blockchain currencies such as Bitcoin or Ethereum To allow payments to be tracked, MobileCoin transactions must be confidential: the sender, recipient, amount transferred and message are all unknown to Signal, even from their own account.

Furthermore, Mobilecoin seeks to achieve higher transaction speeds than blockchain currencies and above all aims to operate in a significantly more energy-efficient manner.