The latest cryptocurrency news today show that crypto on WhatsApp is not anymore a distant reality. The popular messaging app has decided to adopt two cryptocurrencies – Bitcoin and Litecoin – as the first two coins to be sent and received via the popular app.
According to the official announcement by Zulu Republic, crypto on WhatsApp comes via an ecosystem of blockchain tools and platforms for organizations, businesses as well as individuals.
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
Accessing Bitcoin and Litecoin on WhatsApp is now simple. All you need to do is add the Lite.Im WhatsApp bot after which you will receive instructions on what to do and how to start sending and receiving coins. On top of this, there are multiple other options for those who add the messaging bot such as earning digital coins through a referral program.
Furthermore, the altcoin news show that users can also tweak the options. As crypto on WhatsApp is now a reality, they can set up a password, choose a language and also set a default coin. There is obviously much work left to be done as the two default languages are now Spanish and English.
The company believes that the WhatsApp crypto features might lead to mass adoption. By introducing a new method of sending money through a messaging app, this may also be the benchmark for unbanked and underbanked to gain access to payment channels worldwide.
Now that crypto on WhatsApp has landed, the big goals for the evolution of cryptocurrencies is simplifying the transactions. Even though many familiar with how crypto works argue that making transactions is already easy, less tech-savvy individuals might not agree. This is what many best cryptocurrency news sites reported over the past days.
With a database that counts over 1.5 billion users, WhatsApp adopting crypto is a major milestone. There are many areas to which this service can expand. On another note, the adoption of cryptocurrencies is advancing rapidly, especially when it comes to Bitcoin.
The price of Bitcoin and other altcoins obviously reflect this – which is best seen through the recent activity. As the largest coin is maturing, smaller cap cryptocurrencies are following it and posting gains.
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Brokerage Giant TP ICAP Opens Its Doors To Bitcoin Trading
“We want to be close to what’s happening within this nascent asset class because we believe it’s important to invest in the early stages of a growing market.”The brokerage giant TP ICAP hopes that the new bitcoin trading option will attract the new clients’ money and will diversify its offering. The company which operates as an intermediary to financial, commodity and energy markets has seen a slight slump in revenue since the 2008 meltdown. Brokerage companies like ICAP mainly make trades for its banking partners but the volumes show that the company was forced to issue a profit warning in 2018. The initiative will be conducted from London by Duncan Trenholme and Simon Forster who have plans to expand in the United States and in Asia. The ICAP services will provide derivatives trading but they won’t turn their eyes from the option to hold digital assets directly in the future. Forster admitted that the number one cryptocurrency poses a threat to traditional assets so the finance executives can’t really afford to stand on the sidelines:
“TP ICAP also understands that this technology could disrupt or impact other asset classes where we currently operate, so we feel it’s important to be informed.”The traditional finance firms are slowly getting into crypto as well. At the start of the year, Fidelity launched bitcoin custody services for their clients. The multi-million asset management company will also facilitate bitcoin trading in the upcoming months. Also as noted in some of the best cryptocurrency news sites, the Intercontinental Exchange (ICE), which is the parent company of the New York Stock Exchange is preparing to launch Bakkt which is a physically-settled bitcoin futures and custody offering. In the meantime, Nasdaq will launch its own platform for bitcoin derivatives in 2019.
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“$BTC – found resistance right at the lower cloud and has opened the weekly candle inside the cloud. This represents the highest time frame that #bitcoin has breached into the cloud…with resistance at just above $10K…”An analyst named Chonis Trading then took to Twitter with the following statement: https://twitter.com/BigChonis/status/1140410183665049603 He also added:
“One more step up the mountain as #bitcoin hits right at the 38.2% fib resistance making it the next target for the bulls to close over and also makes maintaining the 23.6 fib support that much more important for overall continuation…”As Bitcoin ignores correction calls, many believe that the $10,000 mark could be achieved very soon.
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