{"id":126877,"date":"2025-04-10T10:16:35","date_gmt":"2025-04-10T10:16:35","guid":{"rendered":"http:\/\/cryptospotters.net\/?p=126877"},"modified":"2025-04-10T10:16:35","modified_gmt":"2025-04-10T10:16:35","slug":"jack-dorsey-pushes-signal-to-adopt-bitcoin-payments","status":"publish","type":"post","link":"http:\/\/cryptospotters.net\/?p=126877","title":{"rendered":"Jack Dorsey pushes Signal to adopt Bitcoin payments"},"content":{"rendered":"<p>Source: Cointelegraph.com NewsJack Dorsey, a cryptocurrency entrepreneur and former Twitter CEO, is encouraging Signal Messenger to integrate Bitcoin for peer-to-peer (P2P) payments, a move that could shift the platform\u2019s crypto strategy away from altcoins.<br \/>\n\u201cSignal should use Bitcoin for P2P payments,\u201d Dorsey wrote on X on April 9, replying to a post by Bitcoin developer Calle, who suggested that Bitcoin (BTC) would be a perfect fit for Signal\u2019s private communication channel.<br \/>\nSource: Jack DorseyDorsey\u2019s call to action was echoed by other industry leaders, including former PayPal president David Marcus, who wrote that \u201call non-transactional apps should connect to Bitcoin.\u201d<br \/>\nThe endorsements reflect a growing push to promote Bitcoin as a functional payment system rather than just digital gold or a pure store of value, which alone \u2014 according to Dorsey \u2014 won\u2019t ensure the success of BTC.<br \/>\nSignal offers payments with Sentz, formerly MobileCoin<br \/>\nFounded in 2014, Signal is an open-source, encrypted messaging service for instant messaging, voice calls and video calls.<br \/>\nThe messenger currently offers in-app payments in MobileCoin (MTCN), a privacy-focused ERC-20 token, which rebranded to Sentz in November 2023.<br \/>\nSignal\u2019s website mentions the old name of Sentz (MobileCoin) as the only supported cryptocurrency within the messenger. Source: SignalBacked by high-profile industry players like BlockTower Capital and Coinbase Ventures, Sentz was founded in 2017 by Josh Goldbard and Shane Glyn to enable a \u201cfast, private, and easy-to-use cryptocurrency.\u201d<br \/>\nRelated: Kraken taps Mastercard to launch crypto debit cards in Europe, UK<br \/>\nSignal came under fire over its MobileCoin integration in 2021, with many raising concerns over potential ties between Signal\u2019s founder and MTCN, opacity around its issuance and suspicious gains leading up to the partnership\u2019s announcement.<br \/>\nCointelegraph reached out to Signal regarding potential plans to integrate Bitcoin but had not received a response as of publication.<br \/>\nSocial media apps historically pushed altcoins<br \/>\nSignal is far from being alone in pushing altcoin payments instead of offering its users payments in Bitcoin, which is designed for P2P payments as its core use case, according to its anonymous creator, Satoshi Nakamoto.<br \/>\nAlthough former PayPal president Marcus is now advocating for Bitcoin usage by all non-transactional apps, he previously led Meta\u2019s (formerly Facebook) project developing the firm\u2019s own payment cryptocurrency, initially known as Libra, which eventually failed.<br \/>\nSource: DogeDesignerTelegram, another messenger popular in the community, has also been aggressively pushing its ecosystem to use Toncoin (TON), a crypto asset linked to Telegram founders, though not technically managed by Telegram.<br \/>\nElon Musk\u2019s \u201ceverything app\u201d X has also been suspected of planning to launch its own coin for a long time, but Musk publicly denied that in August 2023.<br \/>\nMagazine: 3 reasons Ethereum could turn a corner: Kain Warwick, X Hall of Flame<a href=\"https:\/\/cointelegraph.com\/news\/signal-should-add-bitcoin-p2p-payments?utm_source=rss_feed&amp;utm_medium=rss&amp;utm_campaign=rss_partner_inbound\" target=\"_blank\" class=\"feedzy-rss-link-icon\" rel=\"noopener\">Read More<\/a><\/p>","protected":false},"excerpt":{"rendered":"<p>Source: Cointelegraph.com NewsJack Dorsey, a cryptocurrency entrepreneur and former Twitter CEO, is encouraging Signal Messenger to integrate Bitcoin for peer-to-peer (P2P) payments, a move that could shift the platform\u2019s crypto&hellip; <\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[5],"tags":[],"_links":{"self":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/126877"}],"collection":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=126877"}],"version-history":[{"count":0,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/126877\/revisions"}],"wp:attachment":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=126877"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=126877"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=126877"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}