Wuabit is a cryptocurrency wallet accessible via a chat interface in WhatsApp. The developers describe it as ‘software agent’ powered by specialised AI. Users simply type in commands like ‘send 0.05BTC to Vera’ and Wuabit will send the cash. By using a service as popular as WhatsApp, Wuabit hope to propel crypto payments further into the mainstream.
A spokesman told Express.co.uk: “We are near completing the wallet core service starting with BTC.
“By using WhatsApp/SMS/Telegram you can access that wallet easily.
“Crypto payments via WhatsApp can introduce greater numbers of new users who only know how to chat to this complicated space.
“Usability is key in user adoption and a great enabler.”
The public beta is due to start next month.
Mainstream use of cryptocurrencies like Bitcoin is growing but many experts say a lack of understanding among the public is hampering adoption.
This article by Coin Rivet explores what factors are stopping people using crypto – which is a secure and speedy way to move cash around.
Mass adoption will be helped by news that an upcoming Samsung smartphone will have a cryptocurrency wallet, as well as rumours social media giant Facebook is creating its own coin.
A form of digital money, cryptocurrency uses encryption to secure transactions and control the creation of new units.
The digital cash uses cryptography, a form of secret coding originating from the Second World War, to process transactions securely – and is untraceable.
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