Decentralized messaging application Beep, which is currently in beta testing, has added a new feature which it claims secures all chats with blockchain encryption.
With this feature, users can do B2B operationsas well as B2C, without third-party involvement, securely share funds with family members and customers, access decentralized blockchain applications and browse online catalogs, according to a Thursday (August 25) Press release.
“With the increasing violation of privacy on social media platforms, new secure methods are of utmost importance,” Beepo said in the statement. “Having been in the market for some time, blockchain technology has stepped up to meet this need in the form of a set of upcoming social networking sites that will pioneer future secure online communications.”
The Beepo app is to be publicly available for download after beta testing is complete, according to the company. website.
With this new feature, Beepo aims to prioritize user anonymity, give users full control over their information, and prevent data breaches, censorship and the sale of user information to marketers, according to the press release.
PYMNTS research has found that cryptocurrency and blockchain technologies are proving increasingly useful for cross-border businesses, which use crypto for easy and cost-effective international payments and blockchain for smart contracts that enable the trust with partners in distant places.
Read more: Bridging the Gap Between Cross-Border Crypto Demand and Service Access
Fifty-six percent of cross-border businesses use blockchain technology in their operations, according to results of a survey of executives from 250 cross-border businesses and 250 financial institutions that were published in “Cryptocurrency, Blockchain and Cross-Border Payments: How Multinationals Leverage new technologies to optimize business payments”, a PYMNTS and Circle collaboration.
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