[ad_1]
A company is offering Facebook users a way to securely send and receive encryption via Messenger, all while keeping sensitive private information.
Lite.IM states that its bot currently supports four cryptocurrencies: Bitcoin, Ethereum, Litecoin and its native currency, ZTX.
The company says it is "guided by a vision of how the world might look if the foundational ideals of the cryptocurrency revolution were actually realized" – a place where anyone can enjoy financial freedom regardless of their technical capabilities or the region of the world in where they live
A presence on Facebook Messenger is the last milestone for Lite.IM. His service was made available for the first time via Telegram, along with obsolete text messages. Zulu Republic, the company behind the Lite.IM project, said that support for text messaging was essential to meet its ambition, as it means that "anyone with even a basic cell phone" can manage their own encryption , with or without Internet access.
Faster than Facebook
Launching on Facebook Messenger means that Lite.IM is ahead of the cryptographic payment curve compared to Facebook. Towards the end of last month, Cointelegraph reported on rumors that the social media giant was preparing to create a cryptocurrency for money transfers, aimed at users of WhatsApp owned by Facebook.
In a recent blog post, the team behind Lite.IM said: "With each new update, Lite.IM is increasingly becoming an easy-to-use cryptocurrency center, moving us ever further towards widespread adoption. proud to bring the most famous cryptocurrency in the world to the combined 2.5 billion Facebook and Telegram users, not to mention all those who do not have reliable Internet access that can now manage Bitcoin via SMS messages. "
Of course, Facebook has been lagging recently among ongoing concerns about how its customers' data are being used. Lite.IM says it has taken steps to resolve any concerns that may be potential users, pointing out that chat records are never stored by the company. And with secure password modules and strong encryption of private keys, third parties like Facebook are prevented from seeing any sensitive information that could lead to compromised funds.
Updates coming soon
Lite.IM says that "a lot of new features" will be released in the not too distant future, which will see its robots deployed on new platforms and with support for a greater number of cryptocurrencies.
Explaining his motivation for the choice of social messaging as an outlet for cryptography, Zulu Republic claims that such platforms are the place where the online world is heading – with the use, especially among the younger generations, of growth which far exceeds the traditional social media companies.
The company believes that taking advantage of widespread adoption of existing platforms can help to encourage the adoption of cryptocurrencies in general. His team says that instead of creating brand new services, it is possible to achieve greater scope and a moment by offering compatibility with the services that people already use on a daily basis. Not only could this prove to be beneficial for someone who owes his friend $ 5 to a shared pizza the night before, but it could turn out to be a change of life for those who rely on remittances – offering an understandable way to complete remittances by drastically reducing taxes. who have to pay for a service.
Lite.IM states that research shows that the typical consumer uses only nine apps a day, which means it is essential to connect directly with them in environments where they are already spending most of the time. The project says this could also address the "massive user experience problem" that is experiencing the encrypted world.
Disclaimer. Cointelegraph does not endorse any content or product on this page. While we aim to provide you with all the important information we could obtain, readers should do their own research before taking any action related to the company and bring full responsibility for their decisions, nor can this article be considered as an investment advice.
[ad_2]Source link
