Whatsapp’s Next Update May Allow You To Trade On Cryptos

Parth Vig
Parth Vig is a Management student, and a keen observer of Cryptocurrency and blockchain technology, his interest in writing brings him to thecoinrepublic.com, He believes that he has many ideas that he pens down and he feels it would be a great asset for any kind of creative writing.
Whatsapp’s Next Update May Allow You To Trade On Cryptos

  • WhatsApp has its fanbase all over the world and is perhaps the essential social messaging site in the world.
  • Bancor is a smart contracts platform that allows the discovery of prices and liquidity in an automated manner.
  • Gaby.ai is a cross-platform network that offers users to manage their accounts via their favorite chat application.

What if you told me that now you can exchange digital currencies, i.e., cryptocurrencies, via your instant messaging application, the WhatsApp?! Sounds interesting, right?

The very same app, which you have been using since it came into the market, for texting is now available for exchanging cryptocurrencies, such as Ethereum and ERC20.

This became possible only because the giants’ Gaby Wallets’ and ‘Bancor’ have collaborated and worked together for improved technology. These two use Bancor’s Smart Contracts and have integrated into the Gaby wallets.

WhatsApp has its fanbase all over the world and is perhaps the essential social messaging site in the world. This vast market base is probably the reason which attracted the giants to look upon it as ‘cryptocurrency-oriented projects.’

Moreover, this seen as an opportunity by others as well, such as Telegram, etc. Bancor is a smart contracts platform that allows the discovery of prices and liquidity in an automated manner.

The platform enables the individuals or the communities to make their tokens into liquid and letting the “Long-tail” of cryptocurrency. This method uses the Bancor relay token, which means that it allows the conversion between BNT and token connected via on-chain transaction.

On the other hand, Gaby.ai is a cross-platform network that offers users to manage their accounts via their favorite chat application. It provides services related to blockchain for the social community’s management.

Future Block has made in charge of the planning of the go-to-market strategy of business development along with providing the services to Gaby with the implementation of its tool.

Thus as we conclude, all we can say is that this innovation would help in the adoption of digital assets amongst the generations.

Also, the tokens exchanged without using any of the other downloadable applications. With just a simple method of following a conversion thread, and executing transactions by texting back to Gaby Wallet.

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