Signal is a privacy-focused texting app that features end-to-end encryption. This messaging app is made for security-concerned digital communicators who are worried about hackers. Even if your Signal messages get intercepted, it would look like a string of nonsensical characters and symbols.
Signal is now testing a new feature: cryptocurrency payments. However, it’s not Bitcoin nor Dogecoin. Instead, Signal is hawking a new cryptocurrency called “MobileCoin” (MOB).
Signal pushes MobileCoin because it can’t be tracked like Bitcoin
Signal’s modus operandi is offering its users privacy-focused services and that doesn’t stop with its new cryptocurrency feature. Signal doesn’t believe Bitcoin aligns with its mission because it’s still traceable.
Like many other cryptocurrencies, Bitcoin runs on a blockchain (a public ledger for record-keeping), which includes a network of miners that ensures the digital asset is not fraudulent nor counterfeited. However, as Wired pointed out, this blockchain can, in many cases, reveal who sent money to whom.
As such,…
