The instant messaging app, Signal is testing a new feature that would allow users to transfer cryptocurrency to their friends via the app. To make this possible, the app is adding the ability to pay in a cryptocurrency known as MobileCoin.

It will launch first for users in the UK who are using the beta version of the mobile app.

Testing the beta of @mobilecoin payments on @signalapp! Private transactions in an awesome mobile app is a total a game changer!

Have been waiting a lot of years for something like this to happen in crypto. So exciting!! pic.twitter.com/wcBFDjHMGZ

— kevin beardsley (@kevinhbeardsley) April 6, 2021

So far, this is the only instant messaging app to offer complete end-to-end encryption, which means that not even the provider can read your messages. However, adding a payment transfer feature to app, might leave some users apprehensive since they will be transfer the money via their debit card or credit card, which could leave a financial trail.

To overcome this issue, the instant messaging app has tied up MobileCoin, which is designed to encrypt all transactions made with the cryptocurrency. As a result, only the sender and recipient of payment should be able to track the transaction.

SIGNAL app downloads grew in India by over 9,483% amid new WhatsApp privacy policy!

Have you started using Signals app yet? Please answer in comments below👇 You feedback helps us improve and curate content that resonates with you.

Read Also: 2,64,00,000 downloads for SIGNAL in INDIA!

Follow us on Instagram for the best of Digital Marketing.