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Michael Rodriguez, CTO of Lite.IM, talked about the release of Lite.IM on Facebook Messenger at the Litecoin summit in San Francisco this year. Rodriguez said:
"It's quite as big as the first crypto on Facebook is Litecoin, and this opens the door to a user base of about 2 million people around the world.It's also the beginning for us because we have big projects in store" .
Rodriguez has confirmed that he has taken additional security so that third parties do not have access to user passwords. He said that the main objective was to bring Litecoin to people who do not have access to it by ordinary means.
Rodriguez added:
"Our ecosystem enables the acquisition of expertise across the world, connecting every network, including phone numbers via SMS and soon USSD, and to people with limited access to the Internet or technology."
Connecting people in the first world countries to their preferred platform makes it easier to send Litecoin, he said. According to Rodriguez, it is better than knowing the address of Litecoin of someone, who is "cumbersome". The Lite.IM is planning to enable invoices soon, which will make it easier to accept payments for merchants.
Lite.IM is the first cryptographic portfolio to be introduced on Facebook Messenger, implemented after the approval of the Facebook authorities.
Zulu Republic, the company behind Lite.IM, has announced plans to support social media platforms. Zulu is proactively pushing the adoption of Litecoin, rather than waiting for users to leave the platforms they are familiar with.
Lite.IM does not control the private keys of users, thus giving the user full control over their funds. This leads to the combined benefits of a centralized platform, such as interoperability and a user-based portfolio.
