(BlockBar) It’s interesting to see new reasons emerge to help with the adoption of crypto. Zulu Republic recently announced the launch of a new bot built for the popular messenger platform WhatsApp through which users can send and receive cryptocurrencies within the messenger. The bot in the messenger works with the Lite.IM digital currency platform and allows users to receive and send Bitcoin through the chat window. Users will be able to see transactions in their wallet, and can also be able to change settings and export the wallet.
It’s only a few days since Facebook has registered a new fintech company called Libra Networks in Switzerland. Most likely for their upcoming blockchain project; possibly a stable coin for the social network giant. Trade analysts suggest that Facebook’s blockchain project is also planned to be used to send and receive funds through WhatsApp. If that becomes true, the new Lite.im platform will have to compete with the upcoming token of Facebook itself.
WhatsApp messenger said to be having more than 1 billion users across over 180 countries. The application is mainly used by people to stay in touch with friends and family, anytime and anywhere. So having been able to transfer funds instantly within the app will be a great add on. In addition to bitcoin, the bot will also help users to transfer litecoin and ethereum along with the native token of the Zulu Republic platform.
To start sending funds users will have to install the bot. Once the bot is added, users will receive instructions that allow to easily exchange cryptocurrencies. The the developers have earlier launched a similar service for the telegram messenger and later added support for Facebook Messenger. Bringing cryptocurrency transfers within social networks and instant messengers is considered to be one of the important steps towards mass adoption. Hopefully, these new developments bring new users to the market.