The giant messaging platform aims to lower the entry barrier for the average person to use cryptocurrencies.
Potentially, this could grow into the easiest way to accept bitcoin and other cryptocurrencies.
Send LTC and BTC on WhatsApp
A Swiss-based crypto messaging platform called Lite.IM developed a tool to simply receive and send BTC via WhatsApp.
Lite.Im is developed by Zulu republic, who distributed a free airdrop for their native ZTX token in 2018.
All you have to do as a user is to add the Lite.Im WhatsApp bot and follow the instructions to start using and earning virtual currencies on the app.
- Start the process by clicking here.
- Choose your Language
- Set a password
- You’re all set!
The smart reading already saw option 6, share your code with friends and you can earn btc.
How do I receive Bitcoin on Whatsapp?
It’s simple, once you installed the bot you do the following:
- Type in 0 and press enter, to reset the bot
- You’ll see the options menu again, and you type in 1 to receive btc
- You select how you wish to receive it, we selected 2 QR code.
Send that QR code to your friends, and tell them you are open for business and you accept bitcoins!
How to change virtual currency
Besides bitcoin on Whatsapp, you can also use other coins on the messaging platform.
You go back to the main menu by typing “0”.
You change your default currency by selecting “1” and pick which coin you want to use between Ethereum, Litecoin and Zulu Republic token (ZTX).
Is this the FBcoin?
Social media giant Facebook acquired Whatsapp in 2014 for $19 Billion.
While we’ve reported several pieces on Facebook exploring blockchain, and rumor about their own Facecoin, this does not appear to be it.
Lite.im is an independent corporation that builds this add-on to the popular texting platform Whatsapp. So this has nothing to do with Facebook or the coin they are developing.
It’s not the first application on Whatsapp that implements btc for users. Wuabit previously integrated a feature to transfer digital coins.
With over 1.5 billion uses, Whatsapp finds itself in a unique position. It can introduce mass adoption to new technologies.
Approximately 20% of the world population uses the app for texting. Imagine all these people could now easily get started with bitcoin and other cryptocurrencies.
For now, this is just an “add on”, but in technology when enough people start using addons it can become a pre-installed integration in the app itself. Similar to Samsung pre-installing crypto wallets on their new S10 models.
Get started with bitcoin on Whatsapp
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