On February 9, the American professional baseball team based in Washington, D.C., the Washington Nationals, announced the team has partnered with Terra, the open-source blockchain platform and decentralized autonomous organization (DAO). The Washington Nationals detail that the team is a “leading innovator” and is “consistently introducing new technologies to enhance the fan experience.” Washington Nationals Ink Long-Term Deal With Terra Major League Baseball (MLB) team the Washington Nationals has partnered with the blockchain platform and DAO Terra, according to an announcement published by the team on Wednesday. The deal with Terra follows a slew of sports-related deals with crypto firms, but the MLB team will be the first to partner with an open-source blockchain project. In addition to the partnership, the algorithmic stablecoin UST that’s issued on the Terra blockchain will be “accepted as a payment method at Nationals Park as early as next season.” “The Nationals continue t...
One of the most popular privacy-centric messaging applications Signal has seen explosive growth during the last two months over things like the Whatsapp acquisition and the recent Big Tech censorship. According to a number of reports, the company has been experimenting with monetization and more recently Signal has been reportedly testing the crypto network Stellar.
The mobile company called App Annie detailed at the end of 2020, Signal had around 20 million active users a month. Following the announcement that Facebook was acquiring Whatsapp and changing its privacy terms, there’s been a mass exodus toward privacy-centric messaging apps like Telegram and Signal.
News.Bitcoin.com reported on Telegram’s colossal growth recently surpassing 500 million active users. Data from Sensor Tower details that alongside Telegram’s swelling, Signal saw the privacy messaging app downloaded 7.5 million times in four days between January 6 and January 10.
A few reports this week have disclosed that Signal is experimenting with cryptocurrencies and may even introduce its own coin. The tech newsletter called Platformer said that Signal was toying with a Stellar derivative called Mobilecoin, which is a token built using the Stellar blockchain.
Moxie Marlinspike the CEO of Signal, was once an advisor for the Mobilecoin project. However, according to the recent Platform report, Signal employees are leery of adding a cryptocurrency and have said that it could cause unwanted regulatory scrutiny.
For instance, Telegram had regulatory issues with the U.S. SEC after creating its own cryptocurrency and Facebook’s digital asset was also scrutinized heavily. Other messaging apps like China’s Wechat already leverages crypto asset payments. Still, a few employees and former Signal staff members are not impressed by the move.
“The world needs products like Signal but they also need Signal to be thoughtful,” Gregg Bernstein, a former Signal researcher explained to the Platformer.
At press time, stellar (XLM) is the 12th largest blockchain in terms of market cap, and is swapping for $0.24 per unit on Wednesday. Data from Coingecko shows that mobilecoin (MOB) token is exchanging hands for $3.55 per unit, and is up 12% today while most coins are down.
There’s currently $1.3 million in 24-hour MOB global trade volume today with FTX Exchange’s MOB/USDT and MOB/USD markets dominating.
What do you think about Signal possibly adding a cryptocurrency and experimenting with the Stellar blockchain? Let us know what you think about this subject in the comments section below.
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