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  /  Tech   /  Daily-Briefs   /  Signal Announces New Peer-To-Peer Payments System In Its App Beta
Signal Announces New Peer-To-Peer Payments System In Its App Beta

Signal Announces New Peer-To-Peer Payments System In Its App Beta

Signal has announced that it’s testing a new peer-to-peer payments system in the beta version of its apps. The feature is called Signal Payments and supports only one protocol at the moment: the MobileCoin wallet and the cryptocurrency MOB.

 

“ We want payments in Signal to be fast, private, and work well on mobile devices. The first payment protocol we’ve added support for is a privacy-focused payments network called MobileCoin, which has its own currency, MOB. As always, our goal is to keep your data in your hands rather than ours; MobileCoin’s design means Signal does not have access to your balance, full transaction history, or funds. You can also transfer your funds at any time if you want to switch to another app or service,” Jun Harada, Signal’s head of growth and communication wrote in a blog post.

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The feature is only available in the UK for now, and users who qualify to test it can sign up for MobileCoin and access the feature through the Signal beta. You can get the Signal beta via this link.

 

“This is a beta feature in a beta build, but for those in the United Kingdom living life on the edge, please help us test and give feedback,” Harada wrote.

 

Signal says that MobileCoin’s design does not allow it to have access to your balance, full transaction history, or funds. You can also transfer your funds at any time if you want to switch to another app or service.

 

 

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