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Signal Now Supports In-App MobileCoin Cryptocurrency Payments

Signal’s latest beta version has introduced a new payment feature, called Signal Payments, allowing users to send and receive cryptocurrency from within the app.

Published

4 years ago

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signal now supports mobilecoin cryptocurrency payments

The latest beta version of the privacy-oriented instant messaging platform Signal has introduced a new cryptocurrency payment feature, called Signal Payments, allowing its users to send and receive MobileCoin tokens directly from the Signal app.

Initially, the cryptocurrency payment feature will be available only to Signal users living in the United Kingdom, but support for more regions is planned for the future.

sending cryptocurrency within signal app

Signal

“Signal Payments makes it easy to link a MobileCoin wallet to Signal so you can start sending funds to friends and family, receive funds from them, keep track of your balance, and review your transaction history with a simple interface,” explains Signal in the official announcement. “As always, our goal is to keep your data in your hands rather than ours; MobileCoin’s design means Signal does not have access to your balance, full transaction history, or funds.”

Following the launch of the beta integration of MobileCoin, the value of a single MOB token jumped from $7 to over $60.

It’s no coincidence that MobileCoin was picked as the first cryptocurrency supported by the messaging app. The platform’s founder, Moxie Marlinspike, is listed as MobileCoin’s technical adviser, and some keen observers have pointed out that his involvement could be much deeper than both he and MobileCoin admit.

According to an early version of the MobileCoin whitepaper, Marlinspike was the project’s original CTO. If this information is true, then the decision to integrate MobileCoin should raise some serious questions among users, questions some members of the crypto community have already voiced their opinions.

Also Read: What Will Happen If You Don’t Accept WhatsApp’s New Privacy Changes?

“Signal sold out their user base by creating and marketing a cryptocurrency based solely on their ability to sell the future tokens to a captive audience,” said Bitcoin Core developer Matt Corallo, who also used to be a contributor.

MobileCoin CEO Joshua Goldbard disputed the authenticity of the whitepaper, claiming that it wasn’t written by anyone at MobileCoin even though the project’s current whitepaper is almost identical to it. Marlinspike refused to say anything about his professional relationship with MobileCoin.

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UAE Prepares To Launch Two Satellites: Thuraya-2 And MBZ-SAT

HH Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum chaired the first meeting of the Supreme Space Council yesterday.

Published

5 days ago

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December 17, 2024

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uae prepares to launch two satellites thuraya-2 and mbz-sat

HH Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Deputy Prime Minister of the UAE, chaired the first meeting of the Supreme Space Council in Dubai on December 16, 2024. The session highlighted the UAE’s ambitious space plans and took stock of the sector’s economic progress.

The council emphasized the growing role of private companies in advancing space technologies, noting that their contributions are now equal to that of the public sector. Members also praised initiatives like the Space Economic Zones Programme, which are designed to fuel innovation and investment in the space industry.

Discussing the UAE’s space journey, HH Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum remarked, “The national space sector continues to grow and advance, and we take immense pride in the remarkable achievements we have accomplished over the years”.

Sheikh Hamdan also received updates on two upcoming satellite projects: Thuraya-2 and MBZ-SAT. Thuraya-2, developed by Space42, is slated for launch this December. Meanwhile, the MBZ-SAT, created by the Mohammed Bin Rashid Space Centre (MBRSC), will soon follow. MBRSC, a major driver of the UAE National Space Programme, continues to lead the nation’s space-related developments.

Space42 took the opportunity to showcase its advancements, including ongoing collaborations between public and private entities. The company also outlined strategies to promote innovation, boost revenue streams, and create new opportunities for growth in the sector.

Also Read: IBM Opens New Doha Office To Support Qatar’s Digital Growth

The UAE’s current projects build on a growing legacy of space exploration. Back in 2020, the nation made headlines with its Mars mission, successfully sending a probe into the planet’s orbit in 2021. This mission, which is now in its second phase as of June 2024, has been collecting critical data to develop a comprehensive diurnal image of Mars.

The UAE also ventured into lunar exploration with an unmanned mission aimed at studying untouched regions of the Moon’s surface. While the probe ultimately crashed during its landing attempt after communication was lost seconds before touchdown, the effort represented a significant step in the country’s exploration ambitions.

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