Nick Chong · 15 hours ago · 2 min read
WhatsApp, the world’s most popular messaging platform, will now allow its users to transfer Bitcoin and Litecoin via the Lite.Im bot. Developed by blockchain platform Zulu Republic, the bot will also enable transactions in ETH and ZTX, the company’s native token.
Users can now send and receive Bitcoin and Litecoin on WhatsApp
Cryptocurrency exchanges are no longer the only place where people can send and receive digital coins. There has been a steady increase in the number of platforms that enable cryptocurrency transactions between its users, and WhatsApp has now become one of them.
All 1.5 billion of WhatsApp’s users will now be able to send and receive Bitcoin (BTC) and Litecoin (LTC) through the platform thanks to a recently developed bot by Zulu Republic. The Zug-based company announced the launch of its WhatsApp bot, the Lite.Im, on May 19.
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
Platforms enabling SMS-based crypto transactions on the rise
While Lite.Im has seen its debut on WhatsApp, the bot as actually been around for almost a year. Zulu Republic first introduced the bot in August 2018 to Facebook Messenger, Telegram, and regular SMS via carriers.
Then, in December 2018, the company announced that their service will allow the purchase of cryptocurrencies directly in Messenger, Telegram, and SMS via credit and debit cards.
Zulu Republic was quick to issue these updates as Wuabit, a Spanish tech startup was reportedly working on a similar service. Wuabit was building a service that would allow WhatsApp users to send and receive cryptocurrencies through an AI-powered chat. However, the company’s planned public beta test scheduled for April has been canceled and no updates have been issued since.
With evidence suggesting Facebook, WhatsApp’s parent company, is working on its own stablecoin, Zulu Republic’s bot could see tough competition in the near future.