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Twitter Aims to Integrate Signal Protocol for Encrypted Messaging, MobileCoin Soars 300%

Twitter Aims to Integrate Signal Protocol for Encrypted Messaging, MobileCoin Soars 300%
Tech blogger Jane Manchun Wong has revealed that Twitter is bringing back encrypted direct messages (DMs). According to Wong, there are signs that the social media platform will integrate Signal Protocol for its encrypted private message.



Manchun Wong shared screenshots of the code for the Twitter iOS app showing that the code references Signal Protocol. Wong also revealed that the feature is being worked on for Twitter’s Android app.



Source: Jane Manchun Wong



Twitter’s owner Elon Musk hinted at this when he said Twitter 2.0 would add an encrypted private messaging feature.



Elon Musk Lays Out Twitter 2.0 Plans



Elon Musk has revealed several hints of his plan for Twitter 2.0, focusing on making it an everything app. Beyond the encrypted private messaging, Musk has disclosed other plans while also showing the platform’s performance.




Slides from my Twitter company talk pic.twitter.com/8LLXrwylta — Elon Musk (@elonmusk) November 27, 2022




In the past seven days, the social media platform has had an average of 2 million new user sign-ups daily and 8 billion active users minutes per day. But his plans for Twitter also include Advertising as Entertainment, Longform Tweets, Relaunch of Blue Verified, and Payments.



Some crypto community members have speculated that cryptocurrency integration will be under the payments feature. Bitcoin and Dogecoin communities are bullish on the inclusion of the two cryptocurrencies. Dogecoin is up by 8.1% in the last 24 hours.



Meanwhile,  LunarCrush d a ta  also shows that spam on Crypto Twitter has dropped by more than 50% since Elon Musk took control of the company. This is the most significant reversal since LunarCrush started analyzing the data in January 2018.




Incredible. Spam on Crypto @Twitter has fallen SHARPLY since @elonmusk took over. Falling over 50% from the highs on November 7th. We have never seen a reversal like this and have been analyzing CryptoTwitter data since January 2018. Source: @LunarCrush pic.twitter.com/Kn96Evxezj — Joe (@joevezz) November 24, 2022




MobileCoin Price Spikes by 300%



Following news of Signal Protocol integration, MobileCoin rose by over 300% in the last 24 hours, according to CoinMarketCap data .



Per CoinMarketCap, the Signal protocol-linked coin went from a low of $0.58 to as high as $2.98 within the trading period.







Source: CoinMarketCap



Signal Protocol added MobileCoin as a payment feature in August 2021. Signal’s founder Moxie Marlinspike has been an adviser on the MobileCoin project since 2018.



However, despite the massive surge in interest in the coin, it is still 96.9% away from its $71.96 all-time high. But its positive performance has wiped off the losses in the past 60 days with a 60-day gain of 142%.
The post Twitter Aims to Integrate Signal Protocol for Encrypted Messaging, MobileCoin Soars 300% appeared first on BeInCrypto .

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