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Tag: Signal

  • Rampant Complaints About Signal’s MobileCoin Integration

    Rampant Complaints About Signal’s MobileCoin Integration

    The end-to-end encrypted messenger app Signal had been gaining popularity since the acquisition of WhatsApp by Facebook. Signal had been vocal about protecting the privacy rights of users which is why the messenger application is designed so. However, Signal designed to take its mission a step further by incorporating a privacy coin into its application for fast and anonymous transactions.

    Signal and MobileCoin’s partnership has had a rocky journey and the beta version of the application has not even been launched throughout the world. Users started speculating about the connection that the CEO of signal has with MobileCoin and the possible motives behind the partnership as MobileCoin started soaring days before the announcement.

    The messenger app had run a test pilot in the UK and has released the report of the test run. The report also revealed the top four complaints of users. The top complain was the transaction fee of $0.60 is too high – understandably. Followed by the intricacies of actually transferring funds. The UK users had to resort wiring transfer money to exchanges which support MobileCoin. The process is complex and also incurs additional fees. Finally, cryptocurrencies are known for their brutal volatility and the firm acknowledged that the price volatility of MobileCoin will pose a problem for users.

    However, Signal has taken notes of all the major complaints and is actively working on resolving as much as it can.

  • Signal In Hot Water Over MobileCoin Partnership

    Signal In Hot Water Over MobileCoin Partnership

    The messenger application rose to glory when WhatsApp was acquired by Facebook because of Facebook’s record of past data breaches. Signal offers better privacy and end to end encryption which appealed to the masses – even Facebook CEO Mark Zuckerberg joined Signal rather than his using his newly-acquired messenger application.

    Signal announced a partnership with MobileCoin in order to integrate the cryptocurrency to a beta version of the messenger app that is being released in the UK only. Signal has always been vocal about privacy and integrating the privacy coin, MobileCoin, is the next step in the ladder towards providing complete privacy.

    However, after the initial excitement died down, people started questioning the motives of Signal and the real reason behind the partnership as MobileCoin’s price rallied upwards. The price of MobileCoin (MOB) shot up by 450% before the announcement. Now, the founders of MobileCoin and Signal has found themselves scrutinized. Joshua Goldbard, founder of MobileCoin, and Moxie Marlinspike, CEO of Signal, are being questioned regarding the opacity surrounding the issuance of the coin.

    Marlinspike has had extensive involvement with MobileCoin with the cryptocurrency’s whitepaper listing Marlinspike as CTO. Goldbard has cited the Signal CEO to be only an advisory figure to MobileCoin – the description has been inconsistent at times. Both the founders have opt for secrecy when it comes to their relationship and Marlinspike’s involvement in MobileCoin – leading to increased suspicions.

  • Signal messenger app – taking privacy to the next level!

    WhatsApp is one of the most widely used messenger apps but when it was acquired by Facebook and some changes to privacy were made, the masses grew wary – given Facebook’s track record. People started migrating to alternatives that offer better privacy and security features like Signal. The end-to-end encryption of Signal has made it increasingly popular with even the CEO of Facebook, Mark Zuckerberg, following suit and moving to Signal.

    Signal is taking privacy to another level as it announced the launch of a beta version that supports cryptocurrencies. The app will integrate a privacy coin, MobileCoin, to send and receive payments through the mobile application. Mobilecoin, being a privacy coin, ensures the anonymity of all transactions happening on its block chain.

    Signal’s CEO has been heavily involved in the MobileCoin network – serving as an advisor. MobileCoin is only being traded by the cryptocurrency exchange FTX. Other cryptocurrencies can be expected to be incorporated into the application once the beta version has been rolled out. However, being in beta mode the application is restricted only to iOS users in the UK.

    Moxie Marlinspike – the creator of Signal – is a staunch believer of privacy rights and had been exploring the cryptocurrency sphere in order to set Signal apart. In the future, many great things can be expected from the Signal Foundation as they have ambitious plans of taking the privacy to the next level.