Cryptocurrencies

You can now send crypto directly over WhatsApp using Lite.Im

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.

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.

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Nawaz Sulemanji

Nawaz has been hooked on crypto since buying his first Bitcoin’s in 2013. After studying maths in London, Nawaz initially spent the first eight years of his career working globally across corporate supply chain’s before transitioning into the decentralised finance industry as a margin-trader and consultant. He’s a fan of open-blockchains because “it enables self-sovereignty”.