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A comment on Signal adds a payments feature with a privacy-focused cryptocurrency. Parent comment

Re:Signal adds a payments feature with a privacy-focused cry... by matheusmoreira on Tuesday April 06, 2021 @04:37PM (#26717101)
That was my first thought as well. Why didn't they pick Monero? I don't see how any other coin could be better.
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Re:Signal adds a payments feature with a privacy-focused cry... by PragmaticPulp on Tuesday April 06, 2021 @05:38PM (#26717701)
Using an established cryptocurrency doesn’t provide a good way for them to profit.

MobileCoin is pre-mined and the majority of coins are held by founders and the MobileCoin organization. They want to sell you coins, so partnering with Signal to force you to buy their coins to transact on the app gives them a revenue stream.

If they simply added Monero, they wouldn’t be able to sell you coins.

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Re:Signal adds a payments feature with a privacy-focused cry... by wjntzf on Tuesday April 06, 2021 @05:17PM (#26717505)
No near-instant confirmation, maybe. At first glance not a big problem for users, but can run you into a lot of problems
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Re:Signal adds a payments feature with a privacy-focused cry... by qqii on Tuesday April 06, 2021 @07:51PM (#26718828)
That's not a problem if you accept transactions in the mempool.
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Re:Signal adds a payments feature with a privacy-focused cry... by justupvoting on Tuesday April 06, 2021 @04:53PM (#26717262)
Only thing I can think of off the top of my head is optics (most of the installed userbase for signal has probably only ever heard of monero in a negative light).
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