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Signal testing out payment system in the UK

Android Community
April 7, 2021
Encrypted messaging app Signal has become pretty popular the past few months due to the fallout from WhatsApp’s new privacy policy. So now is probably a good time for them to try out something new, at least for their users in the U.K. They have announced that they are testing out a new Signal Payments feature and are asking those who are in the U.K to test it out for them. The beta program lets Signal users trade the cryptocurrency MobileCoin from within the messaging app.
If you’re using the beta version of Signal and you live in the U.K, you’ll notice a new Signal Payments section when you’ve updated to the latest version. You can link your MobileCoin wallet to it so you’ll be able to send cryptocurrency funds to your friends and family members. You can also receive funds from them and keep track of your transaction history and current balance. You can top up your MobileCoin wallet by buying on the cryptocurrency exchan ....

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WhatsApp's competitor Signal tests peer-to-peer payments via cryptocurrency

Taking a cue from its rival WhatsApp, the fast-growing encrypted messaging app Signal has announced to let users send money in cryptocurrency to friends and relatives, as it tests a new peer-to-peer payments system in the beta version of its app.
Called Signal Payments, the new feature that is available in the UK first will currently support 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, said Jun Harada, Signal s head of growth and communication. ....

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Signal tests a payments feature that supports cryptocurrency

(Pocket-lint) - Signal has announced it is testing a new peer-to-peer payment feature, but only in the beta version of its apps.
Called Signal Payments, it will work like Venmo or Square Cash, allowing you to send money to friends who also use the app. But there is a caveat. The new feature currently only supports the MobileCoin wallet and its cryptocurrency MOB. Signal co-founder and CEO Moxie Marlinspike has worked as an advisor for the company, so the decision to support its protocol is not too surprising.
“The first payments protocol we’ve added support for is a privacy-focused payments network called MobileCoin, which has its own currency, MOB,” wrote Signal s Jun Harada in a blog post. “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. ....

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Signal targets WhatsApp with its own payments feature that deals in crypto

Signal, the Privacy-focused messaging service that has lately surged in popularity following the WhatsApp privacy controversy – is dipping its toes into the domain of peer-to-pay digital payments. The company has today announced
Signal Payments, a new feature that allows users to send and money – in the form of cryptocurrencies. Actually, it’s just one cryptocurrency that is supported at the moment.
“Signal Payments is a new feature that enables you to send and receive privacy focused payments as easily as sending or receiving a message.”
The latest Signal betas are rolling out today! If you’re a beta tester in the UK, you can also help us test payments in Signal: https://t.co/mwKOCkm8ynpic.twitter.com/XuLtqThQ38 ....

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