Signal: A payment system in cryptography under development

Signal: A payment system in cryptography under development

First in terms of number of downloads in the Apple Store, Signal is currently developing payment solutions in
encryption, reports Clubic. Experiments based on the MobileCoin (MOB) are underway. This is a cryptomony built on the Stellar blockchain, designed to make payments simple, secure and potentially untraceable, says Platformer.

Frandroid adds that this option could facilitate donations to the foundation. The links between Moxie Marlinspike, Signal’s CEO, and the MobileCoin are close since he is an advisor in this cryptocurrency project.

According to the manager, these trials are only « concept explorations ». Nevertheless, significant resources have been devoted to this project would have indicated former employees of the messaging application at Platformer.

Illegal activities?

Illegal activities?

While Signal has benefited from the announcement of the change in WhatsApp’s terms and conditions of use, its employees are concerned about the consequences of the development of cryptography and the adoption of the MobileCoin.

They believe that this system, and end-to-end encrypted messages, could attract illegal activity, Frandroid reports. « If we decided to integrate payments into Signal, we would try to think very seriously about how to do it, » said Moxie Marlinspike.

Signal: A payment system in cryptography under development
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