Spanish Startup Launches to the Market Crypto Wallet on top of WhatsApp

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There is now a cryptocurrency wallet that can be used on top of WhatsApp. Manuel Polo, founder and CTO of Wuabit, launched a new beta of a virtual currency wallet that can be used on top of the famous messaging application WhatsApp.

New Crypto Wallet for WhatsApp

The wallet will be supporting different virtual currencies for users to have control of their funds. We are talking about Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC) and Bitcoin Cash (BCH). In the future, the company wants to launch its service for other messaging apps such as Telegram, Facebook Messenger and Viber.

According to Mr. Polo, it would be possible to exchange virtual currencies using Wuabit. Additionally, they are open to start negotiations with other companies due to the fact that have the necessary licenses to operate using fiat and digital currencies.

The system is very intuitive and easy to use. The wallet would be conceived as a new contact. In order to interact with it, the user would have to write different commands, similar to a chat bot. In this way, both experts and newcomers to the crypto world would have a fast and easy access to a cryptocurrency wallet.

Manuel Polo has already co-founded Pagobit back in 2014. Pagobit is a payment processor that has been launched in Spain.

On the matter, Manuel Polo commented:

“There are several possibilities that technically have not been done so far because WhatsApp does not allow us to access to its platform. The opening of the WhatsApp platform through API of large messaging aggregators such as Twilio in the United States, it was what made us return to this idea.”

He has also explained that WhatsApp is currently trying to open its API for companies, but until now, they did not inform whether they will be adding support for bots. Wuabit can be used through SMS or other messaging platforms. Additionally, he mentioned that it would be possible to process payments using Bitcoin’s second layer called Lightning Network (LN).

Transactions will be secured in many different ways. Communications are completely secure and users could activate a 2FA to add some contacts to confirm operations.

At the moment, the company is working on the beta of the application. Transactions are not real, but it is a necessary step to be sure about the quality and product that is going to be released to the market.

In the past, a Swiss startup launched a system to send and receive Litecoin (LTC) through Telegram and other messaging applications.

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