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Media reported on testing of cryptocurrency payments in the Signal messenger

Privacy-focused messenger Signal has allocated resources to test internal payments in cryptocurrency, according to Casey Newton, founder of the information service Platformer.

Signal has experimented with the MobileCoin token, developed by messenger creator Moxie Marlinspike, Newton said. In 2018, the project team received $ 30 million from the Binance bitcoin exchange.

The interlocutors suggested that the integration of the token would attract the attention of regulators to the platform and interest unscrupulous users. Marlinspike called the MobileCoin work “research.”

“If we really decided to add cryptocurrency payments to Signal, we would try to think it over carefully,” said the creator of the platform.

However, ex-employees told Newton that the company is actively developing the necessary protocols for the integration of MobileCoin.

Signal expanded its user base in January 2021 amid changes to WhatsApp’s privacy policy. During the week, the number of downloads of the messenger grew by 4200%.

Recall that in November 2020, the EU authorities approved a resolution obliging messenger operators to create keys for monitoring chats and messages with end-to-end encryption.

Read about why governments require access to correspondence in ForkLog.

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Fidenge Pecold

My profession is a journalist, but my hobby for 8 years has been studying Forex investing and trading. During this time, I managed to gain extensive experience in investing and trading cryptocurrencies and double my capital in the Forex market. To be the author of this magazine, the site owners invited me to participate in one of the 2020 trading webinars, and I will try to reveal the most relevant crypto market news for you.

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