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If the Mainstream is Bitcoin needs Bitcoin find to the Mainstream. Or So the calculus of the creators of Lite is likely.IN his, as they began with the development of its eponymous WhatsApp-Bots. Lite.in allows to Send and Receive the cryptographic Bitcoin and Litecoin currencies via WhatsApp.
we are happy to announce that from today you can send and receive #bitcoin & #litecoin on #WhatsApp via @liteim_official ! try it yourself here: https://t.co/JaldSafGBK @Franklyn crypto @Satoshi Lite @CharlieShrem @CCNMarkets @GLRalf
— the Zulu Republic (@ztxrepublic) May 19, 2019
Bitcoin Management as a conversation with a Bot
plays of the Wallet creation on the management of the Crypto-currency to the Export of the Private Keys all-in-one chat window. First of all, the Bot asks for the preferred language. So far, only English and Spanish are available. The creation of a password follows. At least here you have to trust that at the other end of the (encrypted) line is really a program operates and none of the Lite.IN the team's insight into the chat history can have.
language selection, and Password creationAfter a successful Password creation can go.
There you go. This menu is the Interface of Lite.IN the
First, you have to fill the Wallet. Under point 1 (recieve) can the user the address of his Lite.IN the Wallet view.
as soon As the transaction has been confirmed by the network, logs in the Bot with the tidings, and the Link to the transaction in a Blockchain Explorer.
confirmation message including a Link to a Blockchain Explorerso Far, Lite supports.IN the crypto-Bitcoin, Ether, Litecoin, and the Zulu currencies and tokens. The Sending of Bitcoin & co. is also carried out within the Chats. In this case, the previously defined password must be specified. In addition, a Two-factor authentication (2-FA) is: The Bot asks for a confirmation PIN is sent via SMS.
As a recipient of the transaction, a Wallet is used alternatively-address for the crypto-currency, or to specify a (in the case of Lite.Registered) E-Mail address or phone number.
Probably 2FA is not here it is everyone the creeps, his crypto-transactions in the dialogue process with a Bot – end-to-end encryption, and. Those that place this is quite healthy scepticism, can export your Wallet or your Private Key and/or your Seedphrase from the App. Also here is the specification of the password as well as a 2F authentication to fall back to.
conclusion: A boost for the Bitcoin adaptation, trust
requires The App offers an interesting entry point for those crypto-newbies, where WhatsApp is more familiar than, for example, with a Hardware Wallet. In addition, the opportunity to earn by Referral Links for Inviting friends a little BTC add is. Nevertheless the deal with Lite requires.IN a related confidence – especially if you plan to manage larger sums of money.
Lite.IN the. is a nice Gadget with a great potential for the adoption of Bitcoin & co. Whether you currencies to manage its Crypto, but only on WhatsApp, everyone must decide for themselves. A safe(EUA) custody of his crypto-currencies by Cold Storage is not able to replace the Bot anyway – but it might be the expected Facebook Coin competition.
EDIT: In a previous Version was erroneously given Tezos (XTZ) as supported currency. In fact, it is the Zulu Token (ZTX). Thanks a lot for the reader to note!
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