Wuabit’s Cryptocurrency Wallet for Whatsapp

The new beta of a virtual currency wallet that can be used via the WhatsApp is launched by Wuabit. Manuel Polo, founder, and CTO of Wuabit has published this information. The famous Messaging applications would allow you to send and receive funds easily.

It is described by the developers by a specialized AI as a “software agent.” Users simply type in commands such as  “send 0.05BTC to Vera” and send the cash to Wuabit. Wuabit expects to propel crypto payments more into the mainstream by using the service so popular as WhatsApp.

Next month Wuabit plans to start the service’s public beta test. The developers plan to add additional services to the software and hope to integrate price checks and to trade at a later stage, according to an article in the Medium team.

This new wallet supports a wide range of virtual currencies. This would enable users to control their funds easily via WhatsApp. Some of the virtual currencies were Ethereum (ETH) and Bitcoin (BTC), as well as Litecoin (LTC) and Bitcoin Cash (BCH).

Cryptocurrencies such as Bitcoin are increasingly being used mainstream, yet many experts say that lack of public understanding hinders adoption.

Wuabit also works to extend this service to other popular message applications, such as Telegram, Facebook messengers and Viber and provides support for other cryptographic assets. The hope is that more people will be willing to try cryptocurrency themselves by providing services from within a familiar application.

The system works in a very easy way and was developed for newcomers and experienced users. Users would have to add a new contact to start the transfer of coins, which would function as a chatbot.

How this process works, the telephone number of the service is given on the wuabit.com website. Just add it as a new contact called Wuabit to your phone’s address book. Then begin a conversation by saying hello. Its aim is to accept natural language, but direct commands are available for simple text platforms such as SMS in single words form.

WhatsApp is trying to open its API to other companies at present. Nevertheless, if they will support chatbots, they did not inform. If this were not enough, Wuabit would process payments using Lightning Network (LN), the second layer of Bitcoin.

It is not the first time a company can send and receive cryptocurrencies via social networks. Also, a Swiss startup has launched a system for users to use Telegram or other message apps to send and receive Litecoin.

David Cox

David is a finance graduate and crypto enthusiast. He projects his expertise in subjects like crypto and Blockchain while writing for CryptoNewsZ. Being from Finance background, he efficiently writes Price Analysis. Apart from writing, he actively nurtures hobbies like sports and movies.

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