Bitcoin USD live price has still not found its footing firmly above the $4,000 mark. BTC/USD price dropped below $4,000 yesterday, and its trading range has been stuck between $4,000 and $4,100 for a couple of weeks. Can bitcoin overcome this hurdle to start the bull run? Will bitcoin recover?
According to reports from Express Magazine, it will soon be possible to make bitcoin payments through WhatsApp, SMS and Telegram. Will this breakthrough be enough to encourage mass adoption of bitcoin?
Bitcoin (BTC) Price Today – BTC / USD
This technology is possible by using a crypto wallet called Wuabit. This wallet is integrated into the chat interface in the messaging app, WhatsApp. Developers describe this wallet as a software agent that is powered by specialized AI.
How it works
The developers plan to make it as simple as possible. The user interface will be easy to use, and the developers say sending bitcoin will be a breeze. It can be typed as commands like “send 0.02 BTC to Adrian. The wallet will then pick up the command and send the crypto immediately.
When will the product be launched?
Express news was duly informed by a spokesperson that public beta testing will start next month. He also said that the developers are close to completing the wallet core service and will start with Bitcoin. This wallet can be accessed with SMS, WhatsApp and Telegram with ease.
The company believes that the wallet will support the mass adoption of bitcoin. The spokesperson confirmed this by stating that crypto payments will introduce new users in large numbers who may not be tech-savvy. The strategy they plan to use to win them over is usability. This factor helps promote adoption and enables users.
So many companies have tried to blend social media platforms with cryptocurrencies, and Wuabit is hoping to be the first to implement it. Facebook has also tried to launch its cryptocurrency, even if it is entirely different from this wallet. Samsung has also released a crypto wallet. All these make it easier for non-tech savvy people to use cryptocurrencies and this will lead to mass adoption in the long term.
Will bitcoin recover: Tim Draper bets on Bitcoin (BTC) price with Argentina’s president
Tim Draper, billionaire venture capitalist, has wagered over the future of BTC with the president of Argentina. It began when Draper encouraged the country’s regulatory agencies to consider adopting bitcoin to solve the present economic woes of the country.
The billionaire predicted that bitcoin would have more value than fiat money. The Argentinian government has also taken steps to embrace bitcoin, blockchain and cryptocurrencies as a whole.
Draper met with Mauricio Macri, the Argentinian president and proposed the adoption of bitcoin in the country to improve the economic situation. Draper said,
“We talked about bitcoin and the devaluation of the peso, and I proposed a bet: if the peso was valued more than the bitcoin, I double the investment I am making in the country, and if the bitcoin acquires more value than the peso, he had That would be a perfect solution because there is no confidence in the currency.”
Draper also believes that the country needs to step up or risk losing top minds to other countries. He also thinks that bitcoin would be more valuable fiat and its fluidity will offer it an advantage over fiat money.
Will Bitcoin recover?