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WhatsApp brings Crypto Closer To Everyday Life

#WhatsApp users can now send and receive #Bitcoin (BTC) and Litecoin (LTC) via the popular messaging #platform thanks to the Lite.Im bot. The# announcement is the latest #attempt to simplify the #cryptocurrency transaction #process, bringing virtual currencies closer to the everyday #person.


SENDING BITCOIN ON WHATSAPP

In a tweet published by Zulu #Republic on #Sunday (May 19, 2019), the digital platform announced that its #cryptocurrency messaging #platform Lite.Im had introduced a simple way to send and receive #bitcoin via WhatsApp.

Zulu Republic@ztxrepublic

we are happy to announce that from today you can send and receive & on via @liteim_official ! try it yourself here: https://wa.me/17869167825?text=HODL  @FranklynCrypto @SatoshiLite @CharlieShrem @CCNMarkets @GLRalf

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All #users have to do is add the Lite.Im #WhatsApp bot and follow the on-screen #prompts. There are #numerous options for users apart from #sending and receiving #BTC and #LTC.

The service also allows people to earn #cryptocurrency via a referral #program. There are also #options that allow users to set their #default #coin, as well as select their preferred #language and #password.

Send and Receive Bitcoin via WhatsApp

Presently, the two default #languages are #English and #Spanish. The service also supports sending and receiving Ether (ETH) and ZTX – the native token on the #Zulu #Republic platform.

MAKING BTC TRANSACTIONS EASIER

SMS-based cryptocurrency transactions introduce some #simplicity into the #cryptocurrency#transaction paradigm, especially for less tech-savvy #individuals. Lite.Im already has similar services for #acebook #Messenger, #Telegram, and #SMS.

According to the company, “social #messaging” is an important component of wider cryptocurrency adoption. #WhatsApp alone has more than 1.5 #billion users in virtually every corner of the globe.

With mobile money transactions becoming easier in places across #Southeast #Asia and #Africa, there is the possibility of more unbanked and underbanked #people getting greater access to #payment #channels.

In 2019 alone, there has been a slew of #announcements from different #establishments about plans to adopt #Bitcoin. From trading desks to acceptance as a medium of exchange, the top-ranked cryptocurrency continues to #dominate the #news.

Many commentators in the #industry say #BTC is becoming a more mature #asset class and looks well on its way to fulfilling the expectations of many early #believers.

COMPETITION FOR ‘FACEBOOK COIN’

With Facebook having its own cryptocurrency #plans, Lite.Im could potentially be seen as competition. There is no official word about the exact nature of the #social #messaging giant’s virtual currency ambition but rumors persist that it will be a “Bitcoin-like” cryptocurrency #token.

Though it’s like #FBCoin will be anything but. Luckily, you can already send bitcoin on Whats #App.

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