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.
“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.
“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.
Yalla!Hub Forms New Partnership With WEE Marketplace
The collaboration will accelerate e-commerce digitalization and allow for speedy deliveries across the Gulf countries.
After raising $6 million to expand into Saudi Arabia and Qatar, Yalla!Hub is now set to collaborate with WEE to facilitate the sale of products through both YallaMarket and the WEE marketplace. The companies plan to enhance the GCC e-commerce market using a range of innovative solutions for sales and delivery, presenting new opportunities for Emirati-based and foreign suppliers.
“This collaboration with WEE Marketplace signifies a major step forward in our mission to revolutionize e-commerce through digitalization in the UAE and GCC, making market entry and operations smoother both for customers and businesses. With this partnership, we’re able to extend the reach of brands to a wider audience,” explained Leo Dovbenko, CEO of Yalla!Hub.
Meanwhile, new partner WEE is uniquely positioned in the UAE and already well known for fast delivery services. The company’s WEE Marketplace will soon feature goods from Yalla!Hub on their platform, empowering Dubai shoppers with 1-hour delivery windows and a next-day service across the rest of the Emirates.
“WEE Marketplace and Yalla!Hub are absolute leaders of the UAE fast e-commerce market, and this partnership opens new horizons for brands, allowing them to enter at once both platforms. We choose the brands very carefully, aiming to give the best products to our customers,” said Anastasia Kim, CEO and co-founder of WEE marketplace.
The Emirati e-commerce market has now reached a value of nearly $13 billion and is expected to grow to $20 billion by 2027. Express deliveries account for 5.5% of total merchandise turnover, which currently stands at around $700 million. Among the express delivery categories, cosmetics, pharmaceuticals, flowers, and groceries lead the way.