You Can Now Send and Receive Bitcoin on Whats App

You Can Now Send and Receive Bitcoin on Whats App

Whats App users can now send and receive Bitcoin (BTC) and Litecoin (LTC) via the popular messaging platform thanks to the Lite.Im bot. The announcement is the latest attempt to simplify the cryptocurrency transaction process, bringing virtual currencies closer to the everyday person.


Sending Bitcoin on WhatsApp

In a tweet published by Zulu Republic on Sunday (May 19, 2019), the digital platform announced that its cryptocurrency messaging platform Lite.Im had introduced a simple way to send and receive bitcoin via WhatsApp.

All users have to do is add the Lite.Im WhatsApp bot and follow the on-screen prompts. There are numerous options for users apart from sending and receiving BTC and LTC.

The service also allows people to earn cryptocurrency via a referral program. There are also options that allow users to set their default coin, as well as select their preferred language and password.


Presently, the two default languages are English and Spanish. The service also supports sending and receiving Ether (ETH) and ZTX the native token on the Zulu Republic platform.


Making BTC Transactions Easier

SMS-based cryptocurrency transactions introduce some simplicity into the cryptocurrency transaction paradigm, especially for less tech-savvy individuals. Lite.Im already has similar services for Facebook Messenger, Telegram, and SMS.

According to the company, social messaging is an important component of wider cryptocurrency adoption. WhatsApp alone has more than 1.5 billion users in virtually every corner of the globe.

With mobile money transactions becoming easier in places across Southeast Asia and Africa, there is the possibility of more unbanked and underbanked people getting greater access to payment channels.

In 2019 alone, there has been a slew of announcements from different establishments about plans to adopt Bitcoin. From trading desks to acceptance as a medium of exchange, the top-ranked cryptocurrency continues to dominate the news.

Many commentators in the industry say BTC is becoming a more mature asset class and looks well on its way to fulfilling the expectations of many early believers.


Competition for Facebook Coin

With Facebook having its own cryptocurrency plans, Lite.Im could potentially be seen as competition. There is no official word about the exact nature of the social messaging giants virtual currency ambition but rumors persist that it will be a Bitcoin-like cryptocurrency token.

Though its like FBCoin will be anything but. Luckily, you can already send bitcoin on Whats App.

What do you think about SMS and social media-based Bitcoin transactions? Let us know in the comments below.

Images via Twitter @ztxrepublic and Bitcoinist

The post You Can Now Send and Receive Bitcoin on Whats App appeared first on Bitcoinist.com.

19.05.2019 / 15:40 110
New Crypto Wallet Service Bringing Digital Currency to WhatsApp Users New Crypto Wallet Service Bringing
In an effort to promote the widespread adoption of crypto, a team of developers have created a wallet that will allow its users to access digital
Bitcoin on Facebook? Lite.IM Adds BTC Support for Leading Social Networks Bitcoin on Facebook? Lite.IM Adds BTC
Cryptocurrency adoption pioneers Lite.IM have just announced that the platform will now support Bitcoin (BTC) payments. This means, users of
Lite.IM Adds Bitcoin (BTC) Support to Facebook Messenger, Telegram and SMS Lite.IM Adds Bitcoin (BTC) Support to
Back in early August this year, the team at Lite.IM had taken crypto adoption to a whole new level when they announced that Litecoin (LTC) was
You Can Now Send and Receive Litecoin (LTC) on facebook Messenger using Lite.IM You Can Now Send and Receive Litecoin
The team at Lite.IM, the project from Zulu Republic making Litecoin (LTC) SMS payments a reality, have just announced that users of their platform
Lite.im Makes Litecoin (LTC) Available Via Telegram And Text Messages Lite.im Makes Litecoin (LTC) Available
The cryptocurrency community has been preaching for mass adoption in recent time, now with the availability of Litecoin (LTC) on text message through
Vibers Plan to Beat WhatsApp: Its Own Cryptocurrency in Russia Vibers Plan to Beat WhatsApp: Its Own
Viber wants to launch its own cryptocurrency in Russia for its new services platform in an effort to beat its biggest rival, WhatsApp. Viber
Comments (0)
Add a comment
Comment on