WhatsApp to Accept Bitcoin (BTC) and Litecoin (LTC) Bringing Crypto to Billions

Fibo Quantum

Whatsapp,
a leading messaging app owned by Facebook, is reportedly allowing
users to send and receive cryptocurrencies on the platform.

According
to a tweet from Zulu Republic, WhatsApp users will soon be able to
trade Bitcoin (BTC) and Litecoin (LTC) on the messaging platform, in
a move that will open the crypto market to billions around the world.

What
is Zulu?

Zulu,
the company that broke the news, is “an ecosystem of blockchain
tools and platforms where people, businesses, and organizations
thrive.”

“We
are happy to announce
that from today you can send and receive #bitcoin & #Litecoin on
#WhatsApp via @liteim_official!

The
WhatsApp bot accepts Bitcoin, Litecoin and Zulu’s native token,
ZTX, and is now available for most users around the world. The move
to allow interaction with cryptos on WhatsApp follows a trend from
major messaging and social media companies like Twitter. This is
bound to drive crypto adoption. Facebook recently revealed its
intentions to create their own native token, although no official
date for release has been set.

Facebook
WhatsApp Privacy Concerns

However,
both WhatsApp and Facebook do have some privacy issues holding them
back in their crypto quest. This week, it was revealed that hackers
had been able to install spyware on iOS and Android smartphones
through a single phone call through the WhatsApp. This vulnerability
on WhatsApp existed for weeks allowing hackers to inject Israeli
spyware on phones through a WhatsApp call.

WhatsApp
has since urged its customers to upgrade their apps to stop this from
happening again. Yet, this must be a worrying sign for anyone who is
looking to put their hard-earned crypto on the site. Facebook has
also been on the receiving end severally for lack of proper security
around personal information.

The
move from WhatsApp is in stark contrast to the Chinese version of the
messaging app, WeChat. Recently, Asia Crypto Today reported
on the ban of crypto on the popular messaging and payment app, which
is used by billions across China. Previously, China was the biggest
crypto market until the relationship went south, prompting the china
bitcoin ban
.