Signal is getting a crypto-based payments system

Privacy-centric messaging platform Signal has announced it will roll out a new payments system, allowing users to send and receive funds without compromising their anonymity.

The new system is based on a little-known cryptocurrency called MobileCoin, characterized by its rapid transaction speeds and ease of use on mobile platforms. The digital currency shares a number of traits with popular privacy coins Monero and Zcash, which specialize in totally anonymous and untraceable transactions.

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