Bitcoin on WhatsApp Coming

[Beerwizzard]

Most popular messengers are aiming to create their own currencies (probably stablecoins). In this case 3rd party wallet doesn't seem so attractive if there will be an original wallet for WhatsApp currency. Also they may find a way to disable any extra wallets in their messengers.
Anyway, a wallet in a messenger doesn't seem good unless it is needed for something and you are getting benefit for using it.

[poptok1]

I am tired of reading mainstream news.
I really don't think that this is going to benefit us at all. It will just be a mainstream move in order to impress the users that use WhatsApp.
Using Telegram is safer than using Whatapp and I will keep using it.

Probably true and I wonder how is the private keys owning problem handled by them.
No privKey control, that's what I suspect. In such case, this going to be a piece of crap and I will always warn people of this.
Be careful folks, Zuc needs your money!

[mrdeposit]

And in this way they will be able to easily find out who sent money to whom. We all know whatsapp is being followed by legal forces. It is not about technology, it is about our declining freedom.

[jseverson]

To people saying Facebook is entering crypto just because of this news, you need to slow down. Wuabit is a chat bot that works (or would work in the future) on multiple IM apps, and it's not owned by Facebook.

Sure there are privacy concerns, and maybe some technical kinks here and there, but I think this is a pretty cool concept. You're only supposed to use these for small transactions anyway. It might also turn out to be a new and effective way for merchants to accept Bitcoin payments.

[ajqjjj]

And in this way they will be able to easily find out who sent money to whom. We all know whatsapp is being followed by legal forces. It is not about technology, it is about our declining freedom.

WhatsApp was controlled buy America so easily they attack the personal information and crypto transaction. My suggestion is combined wallet is never useful in this platform because anytime our money will be stolen in Whatsapp. All are never encourage this idea so it will not survive in future.

[BennyK]

And in this way they will be able to easily find out who sent money to whom. We all know whatsapp is being followed by legal forces. It is not about technology, it is about our declining freedom.

These big institutions are taking down decentralization gradually. Cryptocurrency was built on decentralization with the intention of giving the user absolute control over their transactions and to also keep the identity of senders and receivers anonymous. Anyway, cryptocurrency will gain new attention because WhatsApp will create additional awareness creation.

[davis196]

Surprising news
Wuabit is a cryptocurrency wallet accessible via a chat interface in WhatsApp. The developers describe it as 'software agent' powered by specialised AI. Users simply type in commands like 'send 0.05BTC to Vera' and Wuabit will send the cash. By using a service as popular as WhatsApp, Wuabit hope to propel crypto payments further into the mainstream.

“We are near completing the wallet core service starting with BTC.

“By using WhatsApp/SMS/Telegram you can access that wallet easily.

The public beta is due to start next month.

https://www.express.co.uk/finance/city/1104940/bitcoin-news-whatsapp-wallet-Wuabit-cryptocurrency-crv/amp

Fantastic news .Crypto currencies will have now more usability.It is that what that we need most

Combining fiat/crypto wallets with Messenger apps like Whatsapp is the next big digital trend.
If this project is successful,this will be a huge breaktrough for bitcoin.
Replacing all that copy pasting of long wallet addresses,always looking for a mistake to avoid,with simple commands will make cryptocurrencies so much more user-friendly.
I will keep an eye on this project for sure.

[whirlcoin]

Surprising news
Wuabit is a cryptocurrency wallet accessible via a chat interface in WhatsApp. The developers describe it as 'software agent' powered by specialised AI. Users simply type in commands like 'send 0.05BTC to Vera' and Wuabit will send the cash. By using a service as popular as WhatsApp, Wuabit hope to propel crypto payments further into the mainstream.

“We are near completing the wallet core service starting with BTC.

“By using WhatsApp/SMS/Telegram you can access that wallet easily.

The public beta is due to start next month.

https://www.express.co.uk/finance/city/1104940/bitcoin-news-whatsapp-wallet-Wuabit-cryptocurrency-crv/amp

Fantastic news .Crypto currencies will have now more usability.It is that what that we need most

there is both positive and negative are here when we are promoting the Bitcoin in WhatsApp and other social sites there will be lots of new people will interest about the investment and there will be not soft rumours urban easily spread through the sites making proper promotion will work.

[mrdeposit]

And in this way they will be able to easily find out who sent money to whom. We all know whatsapp is being followed by legal forces. It is not about technology, it is about our declining freedom.

These big institutions are taking down decentralization gradually. Cryptocurrency was built on decentralization with the intention of giving the user absolute control over their transactions and to also keep the identity of senders and receivers anonymous. Anyway, cryptocurrency will gain new attention because WhatsApp will create additional awareness creation.

What if it is not what you think? in the Blockchain you has an address that belongs to you, so you can track and receive BTC from it. And when you use this address on whatsapp which you register with your own number, will you still be able to protect your identity?

[buwaytress]

I'm still not really sure where I stand with these sort of apps. On one hand I don't like that it's so easy to send my BTC out, I suppose this means giving the API access to my private keys somehow (or perhaps just never having control of it on the wallet app).

On the other, I know how popular WA is, not just in Asia but in Europe... letting people just easily send BTC over it could be a huge boost for utility - it might actually take actual traffic away from Bitcoin network though, unless the app also integrates LN (oh wouldn't that be cool!).

[The Sceptical Chymist]

Eh, this doesn't strike me as anything close to revolutionary, although it's definitely good to see crypto get some promotion this way.

What it reminds me of is when car companies were including satellite radio receivers in their cars, which gave Sirius/XM Radio investors tons of false hope about satellite radio adoption--and it didn't really take off like everyone hoped.  I've never used whatsapp, but even if everyone else does I'm wondering if people are going to find bitcoin to be useful or just a novelty.  I'm guessing they still will prefer using fiat when they have to pay for something, regardless of how convenient any company makes it to use bitcoin.  But I'll wait and see.

[BitHodler]

On the other, I know how popular WA is, not just in Asia but in Europe... letting people just easily send BTC over it could be a huge boost for utility - it might actually take actual traffic away from Bitcoin network though, unless the app also integrates LN (oh wouldn't that be cool!).

I'm from Europe myself and can tell you that WA is super popular over here. I honestly don't know anyone aside from elderly people who aren't using it, but they don't even use email and other applications we can't live without today.

I don't know how popular Bitcoin payments will be when implemented, but this is quite a positive development considering the billions of people who are using WA almost on a daily basis.

Back when I started here I could only dream of this, and Bitcoin was still more or less that speculative investment people thought could go to zero overnight. Barely anyone aside from skeptics think Bitcoin will go to zero anymore.

[posi]

If they partner up with Facebook & Co. and create a nice hype, this could actually lead to new money flowing into the market.
Though, they need to prove their achievements first - this is only rumors; buy it, and sell the news later! 

It's already owned by Facebook IIRC.

With the fund use to maintain whatsapp not coming from any advertisement without doing further research he ought to have know that facebook and whatsapp actually belong to the same person. Besides, the news about the two platform implementing of crypto currency even proof it and will definitely open doors for new surge in price and money 

[r1s2g3]

Eh, this doesn't strike me as anything close to revolutionary, although it's definitely good to see crypto get some promotion this way.

What it reminds me of is when car companies were including satellite radio receivers in their cars, which gave Sirius/XM Radio investors tons of false hope about satellite radio adoption--and it didn't really take off like everyone hoped.  I've never used whatsapp, but even if everyone else does I'm wondering if people are going to find bitcoin to be useful or just a novelty.  I'm guessing they still will prefer using fiat when they have to pay for something, regardless of how convenient any company makes it to use bitcoin.  But I'll wait and see.

People are happily embracing the digital payment methods and crypto is also added as one of the digital payment methods for them.
Only hindrance I see in adoption is its volatility and somewhat long confirmation time.

[okala]

Maybe just issue for making bitcoin investor panic with moment where many created with new own crypto like facebook and whatshap, I think they are only giving bad news and never make it come true for several year later.

I think you misinterpreted the ops what he is saying is that WhatsApp is going to support the sending of bitcoin on it platform that is to say having a build in wallet on your WhatsApp. That will be great and am hoping to see the technicality that will be adopt and used in developing this.

[mostcrack]

now a lot of big companies are starting to look at bitcoin, and now the btc wallet is on WhatsApp. yes this is another good news for bitcoin. hopefully, in a market situation like this. can help prices to rise again.

[rizkyhiw]

I can't expect more for that because the market is very different I don't know to go here, I hope it's very far from what is already there to penetrate the market further than now, I also can't wait to see how this project develops to develop it, security must be highly recommended because sometimes whatsapp security is very doubtful about security, which is very vulnerable to hacking, which is a very important problem, hopefully it can be fixed.

[Faxmate]

And in this way they will be able to easily find out who sent money to whom. We all know whatsapp is being followed by legal forces. It is not about technology, it is about our declining freedom.

No that’s not true, I know what’s app is not for free it is dependent but still there are so many other uses, we can use it only to promote bitcoin, not only facebook but so many other website who are using for promotion of bitcoin, we can invite our friends to buy and invest in bitcoin because the price is really affordable.

[Pab]

To people saying Facebook is entering crypto just because of this news, you need to slow down. Wuabit is a chat bot that works (or would work in the future) on multiple IM apps, and it's not owned by Facebook.

Sure there are privacy concerns, and maybe some technical kinks here and there, but I think this is a pretty cool concept. You're only supposed to use these for small transactions anyway. It might also turn out to be a new and effective way for merchants to accept Bitcoin payments.

Good thoughts. Wuabit wants to begin his public beta next month so we will know more how it works.It can be really cool if combined with LN. Wuabit will start with btc ,they want to add more coins after
Whatever to think it will serve crypto currencies mass adoption and will make people more aware of crypto currencies

[1Referee]

I see no innovation or exciting stuff happening here.

These are the sort of features that have to be built on Lightning for super fast and cheap payments. Building on the main-chain is completely unnecessary when it comes to low value transactions, which is what WhatsApp and similar apps stimulate.

The number of main-chain transactions I send have fallen to a yearly low since I manage to get quite some things done with Lightning, and with the growing adoption in that field there is less incentive for me to switch to the main-chain unless I have to use BitPay's gateway or send out higher value transactions.

Bitrefill is an excellent Lightning merchant and so far my favorite.