A new WhatsApp bot developed by Zulu Republic called Lite.Im allows users of the popular messaging platform to send and receive both Bitcoin (BTC) and Litecoin (LTC) transactions directly over the Facebook-owned messaging service.
After adding the bot, users simply have to follow the on-screen instructions to send crypto to other users. Zulu is also promoting the tool through a referral program where users can earn crypto for getting their friends to use Lite.Im.
we are happy to announce that from today you can send and receive #bitcoin & #litecoin on #WhatsApp via @liteim_official ! try it yourself here: https://t.co/JaldSafGBK @FranklynCrypto @SatoshiLite @CharlieShrem @CCNMarkets @GLRalf
— Zulu Republic (@ztxrepublic) May 19, 2019
The Zulu team also mentioned that the bot will soon make use of Bitcoin’s Lightning Network. The layer-two scaling solution is still in development but has consistently been in the news this year for hitting record activity in terms of new users and funds locked inside the network.
The introduction of cryptocurrencies on social platforms is considered a positive development, as Bitcoin and other leading digital assets will gain more adoption on mainstream platforms like WhatsApp.
Over the last few days, social media giant Facebook has taken a step closer to the digital asset industry by registering a blockchain payments firm called Libra in Switzerland.
This follows a Coin Rivet report from earlier this month that the US-based behemoth was looking to raise around $1 billion for Project Libra, intensifying speculation over the firm’s plans for a native cryptocurrency.
For more news, guides, and cryptocurrency analysis, click here.
Disclaimer: The views and opinions expressed by the author should not be considered as financial advice. We do not give advice on financial products.