WeChat, the Chinese messaging platform announced that it has added a Bitcoin Cash wallet feature to the application, allowing users to send and receive the cryptocurrency.
WeChat accounts for 34% of the total mobile traffic in China which in comparison to Facebook’s 14% domination in the US is monumental.
The transfer can be done between friends owning an account on WeChat. It can also be used to backup data with a private key. The wallet was developed by a ‘personal friend’ of the team.
However, many people didn’t receive this news well. On most platforms including Twitter and Reddit, the debate revolved around whether the wallet was native to WeChat or it’s a third party application. The reason why many are afraid of a third party application is because, it can be used by governments to spy on their spending habits. Take a look at this reply as an example.
This is because it ignores the fact that a government can always spy on you if they want to, even from a native crypto wallet. That’s why governments are against privacy coins. Therefore, crypto users should really not be so much concerned about being tracked by the government, but about the utility that they can get from crypto.
Othwerwise, bitcoin cash seems to be making huge strides in terms of adoption and growth. Bitcoin cash has recently been added on Robinhood, a platform that makes it more accessible to investors who are new to crypto, and may not have the knowledge or the time to do things through traditional exchanges.
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