The instant messaging app signal is also going to have a payment feature soon. Signal has a direct competition with WhatsApp. WhatsApp’s privacy and recent data leaks can benefit Signal. Signal has said that its payment feature will be quite secure. Signal has revealed the upcoming payment feature in one of its blogs, although the feature has gone live in the UK.
Signal has said in one of its blogs that in recent times a number of bugs have been fixed and performance has improved. If you are in the UK, you can also use the signal payment feature. Anyone can send and receive money through Signal Payments, although this feature is currently in beta testing. It will be released globally soon.
Signal has stated that its payment feature is fast, private and supports all mobile devices. According to the company, it is using the Privacy Focus Payment Network for payment, which is named MobileCoin. Users will have to link the MobileCoin Wallet to Signal for payment and after that payment will be made.
Regarding the payment feature, Signal says that the privacy of users is its first priority. In such a situation, he made the bank balance, transaction etc. of the users.