You can send bitcoin on WhatsApp with this purse.
Zulu Republic, a cryptocurrency startup based in Switzerland, announced on May 19 that the services of its Lite.IM purse are already enabled for WhatsApp. The application allows users to transfer BTC, ETH and LTC to any of their contacts using a robot as intermediary.
Users can access the service from a link provided by the startup or from the Lite.IM website, by entering their area code by country and their telephone number. The application re-directs to a chat where they can be contacted with a bot that processes the operations with cryptocurrencies, which is activated with the word “HOLD”.
The purse is generated from the telephone number and an alphanumeric key, producing a private key or mnemonic phrase that can be exported by users. You must deposit an amount of BTC, ETH or LTC in the public address of the purse or QR code to be able to use it. With sufficient balance, users can send these cryptocurrencies to any of their contacts, using only their phone numbers or purse address.
In addition to WhatsApp, Lite.IM also provides services on Telegram, Facebook Messenger and even text messaging platforms. The application was launched last August of 2018, standing out as one of the first integrated purses for messaging applications.
More adoption, less privacy
Lite.IM stands out because it has user-friendly options for those users who do not know much about cryptocurrencies. The application allows sending remittances in cryptoactive to any user without the need to have a purse, a characteristic that contributes to the adoption of the ecosystem. It is also an easily accessible platform, since it is integrated to the most popular messaging applications in the market.
The Lite.IM purse works in most countries around the world. The United States and North Korea, two of the most censored countries in the ecosystem, are enabled on the platform. The Iranian territory is one of the few that is not contemplated, possibly because of the trade restrictions recently imposed by the international community.
As for the Latin American territory, the residents of Bolivia and Ecuador are the only ones who are not qualified for this purse in accordance with their government policies. However, users from Venezuela, the Dominican Republic, Argentina, Cuba, Colombia and Mexico, to name a few, will be able to make cryptocurrency transactions on WhatsApp. An additional detail of Lite.IM for Spanish speakers is that the portfolio can be configured so that all your options are in Spanish.
A point against this purse is your privacy. According to the privacy policies of Zulu Republic, the company stores all personal information that has been entered into the wallet, such as emails, telephone numbers and cookies. This feature can be disadvantageous for all those users who consider that privacy is one of the greatest bastions of cryptocurrencies.
Purses integrated into messaging applications or social networks are becoming increasingly popular in the ecosystem, facilitating the sending of remittances or tips for creative content. Lite.IM is not the only purse that has launched its whatsapp services, the first specialized keychain in this platform was developed by the Spanish startup, Wuabit, last year.
The DropBit wallet, for phones with the iOS operating system, also allows its users to send cryptocurrencies via text messages. Similarly, SendCrypto and Tippin.me are other platforms that can be integrated into networks such as Twitter and Reddit to send tips.
Disclaimer: InfoCoin is not affiliated with any of the companies mentioned in this article and is not responsible for their products and / or services. This press release is for informational purposes information does not constitute investment advice or an offer to invest.