Signal, which became popular during the period when WhatsApp received a reaction with its new user agreement, quietly paved the way for the transfer of crypto money through the application. Despite the recent weeks when cryptocurrencies have experienced a big drop, Signal gave users the first signal for this update last year. Accordingly, Signal made an interesting choice for crypto money transfer via message.
Signal agrees with MobileCoin for crypto money transfer
Signal has recently launched the feature that it heralded a long time ago. Currently, when you enter the Signal application, you can see the payments tab with beta highlighting. When you enter this tab, you will see a payment activation button. It is also explained under this tab that MobileCoin will be used for payments.
Cryptocurrency transfer is now possible with MobileCoin via the Signal application
Judging by the details here, you need to buy MobileCoin to be able to transfer crypto money via Signal. In other words, it is not possible to send any other crypto money here or buy crypto money through Signal.
What is MobileCoin? Where to buy?
It is possible to buy this cryptocurrency on FTX, Bitfinex and Hotbit. However, none of these exchanges are currently available in the US. In this sense, it is a matter of curiosity how Signal and MobileCoin will follow.
The fact that these transfer transactions remain confidential under Signal’s agreement with this cryptocurrency is also a big part. MobileCoin, this cryptocurrency that the firm will use in the payment method, is based on hiding the details of transactions, especially in transfers. As you know, in crypto money transfers, the wallet information that is transferred and made can be seen as a breakdown with their addresses.
MobileCoin, on the other hand, ensures that this information is also hidden during the transfer. No one but you has the opportunity to access this information over the MobileCoin network. In other words, Signal cannot access critical information such as from which wallet these transfers are made, even if it wants to.
MobileCoin price according to CoinMarketCap data
MobileCoin uses Monero’s infrastructure in this sense. Monero offers an open source cryptocurrency security system that cannot be tracked by third parties.
Again, MobileCoin has the ability to transfer crypto money in seconds. This fast transfer takes place on the Stellar network.
Signal creates a unique wallet for each user for crypto transfer. It is possible to access this wallet easily via the application with your Signal password. You can also access this wallet by storing the wallet keywords within the application.
The MobileCoin price is currently at $9.19. The crypto money, which went up to the level of $ 9.45 during the day, is among the cryptocurrencies negatively affected by the decline of Bitcoin. Accordingly, the cryptocurrency saw a level of $ 67 in April. However, the value of the crypto currency in recent months has been between $ 9-10.
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