Bitcoin, they say, is the future currency. If you have been following this awesome new digital currency, you will see it has taken over the internet.
This year has been a year for Bitcoin; starting last year December, we all saw a spike in the price of Bitcoin from $15,000 to $20,000.
This new year and the price has continued to pump.
The reason causing the pump to us is plenty.
First, individuals are getting to trust the blockchain system more, as with Bitcoin, you control your own money, Unlike the fiat currency that the central government rules.
With bitcoin, the price is determined by the people trading it since it is a peer-to-peer way of making transactions.
The price has been pumping because big institutions are going in and investing in cryptocurrencies.
Recently we heard Elon Musk’s company called Tesla investing in Bitcoin.
The richest man in the world has been promoting Bitcoin on his Twitter account.
And there was even a time he changed his profile description to a Bitcoin icon.
Now back to the messaging apps, there has also been a lot of news between WhatsApp and Signal.
I know you already know about WhatsApp, but Signal is also a messaging app.
Recently WhatsApp updated its terms and conditions, and in the new policy, the app is requesting its users to permit them to share their data with its parent company called Facebook.
When whatsapp rolled out this new policy, people started moving from WhatsApp to a ‘more secure and private messaging app’ called Signal and Telegram.
A non-profit organization owns the Signal app, and they don’t make money from this Signal app, but their money comes from donations.
Recently Signal app has made a tweet, and in their tweet, they made it known that they now accept cryptocurrencies as donations, and anybody who wants to support their work by donating can now donate using cryptos. Here is their tweet:
As a nonprofit organization, we depend on your support. If you’ve been patiently waiting for Signal to accept cryptocurrency donations, you no longer need to hodl back your generosity.
Accepting cryptocurrencies as donations is a good step for Signal because many people would prefer to tip someone without paying huge fees and without disclosing his or her identity.
After seeing the tweets, a lot of people replied by saying they are going to donate to support their good work.
Frequently Asked Questions
Starting 15,March 2021, you can now donate to the Signal doundation using cryptocurrencies.
Both are messaging apps, but one is speculated to be more ‘private’ than the other. This became known when WhatsApp rolled out a new policy that is going to allow it share users data to Facebook in order to generate income.
The answer is, it depends on you, both are messaging apps with similar and at the same time different features, what you need to do is try out both and choose from the one you are really comfortable using
Signal app is owned byBrian Acton and Moxie Marlinspike, together they launched the Signal app, the funding comes from Brian Acton, who was the founder of WhatsApp. After selling the app, he joined team to create this new Signal app.