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The pioneers of the Lite.IM cryptocurrency have just announced that the platform will now support Bitcoin (BTC) payments. This means that users of Facebook, Telegram and even old SMS will now be able to send BTC the other through the chosen social application.
Such moves fill the gap between the now hugely adopted mobile phone and social media networks and the still Bitcoin niche.
Lite.IM brings Bitcoin payments to the masses
Users of various popular social messaging applications and even SMS will now be able to send Bitcoins to their contacts using the Lite.IM application. Zulu Republic, the software developer, announced the addition of Bitcoin to its list of scrambles supported at the end of last week via a Tweet and their Medium channel.
Ready for another holiday gift? 🎁
Now you can use Facebook Messenger, Telegram and SMS to send, receive and manage … BITCOIN!
Begins with $ BTC $ LTC $ ETH is $ ZTX now 👇
Telegram: https://t.co/wgMtDKEfl5
FB Messenger: https://t.co/NXJdKlhagY
SMS (US / CN): 760-548-3460 pic.twitter.com/UbJpdUgmPS– Lite.IM (@liteim_official) December 28, 2018
The Lite.IM platform was developed by Zulu Republic with the aim of promoting the proliferation of the use of cryptocurrency. It already supports payments on all the platforms mentioned above that use Litecoin (LTC), Ether (ETH) and the company token, ZTX.
The Zulu Republic has stated the following about the recent decision to include Bitcoin as part of the Lite.IM platform:
"With each new update, Lite.IM is increasingly becoming an easy-to-use cryptocurrency center, moving ever further towards widespread adoption.We are proud to bring the world's most popular cryptocurrency to the combined 2.5 billion users. Facebook and Telegram, not to mention all those who do not have reliable Internet access who can now manage Bitcoin via SMS messages. "
The Lite.IM platform could do a lot for the use of cryptocurrencies. By adding the sending function to a service that is already used to an absolute novice, the access barrier is slightly reduced. However, users must cultivate this adoption on their own. Expect that someone suddenly purchases Bitcoin to use with Lite.IM just because it is useless. However, offering to send someone a bit of dollars in Bitcoin on the service will certainly produce different and more favorable results.
The social media giants are already watching Crypto
The Lite.IM is a level that works above the application itself, it is obviously not an endorsement by any of the aforementioned social media networks for Bitcoin or any other cryptocurrency. For similar ones like Facebook and Telegram, such approval can be counterproductive based on one's current ambitions with digital currencies.
Recently, it is said that Facebook is launching its stable currency to use on the giant social network. The company has brought together an impressive group of blockchain specialists, including former PayPal executives. According to an anonymous member, the plan is to launch a digital pegging currency in USD to be used in the WhatsApp social messaging application.
Elsewhere, Telegram, the multiplatform messaging service is pursuing similar goals. Originally he had planned to launch an ICO in the spring of this year. However, the company raised $ 1.8 billion through private investors and the sale of tokens was not necessary. This money will be used to finance a network to rival Ethereum. According to recent reports, it is about 70% complete.
Related reading: CEO of Binance: About Time Facebook launches its own Crypto, Bolsters Adoption
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