Coinbase CEO Brian Armstrongthrough his Twitter (Twitter) announced the launch of a new product called "Token". This product is a mobile chat APP, the underlying application is the use of Ethernet Square to build, users can send messages in addition to the above, also ETH credits can be transferred to others.
TokenHas been officially launched, iOSand Androidusers can download. Technically, the Tokenuse of WhisperSystemthe Signal Protocolencrypting information between users with this technology even famous former CIA technician Edward Snowden (Edward Snowden) is also recommended.
The focus is on Tokenthe underlying Square using Ethernet as a payment network, currently used team developed its own SOFAprotocol to coordinate the operation of the software, the future will be designed to be compatible with other DAppuse of web3.jsthe Tokenconnection, and consider the use of uPortidentification systems as a basis.
Objective: To help developing regions economic development
According to Tokenblog saying, they introduced Tokenthe main reason is to see some backward areas can not use banking services, they quoted Gates Foundation (Gates Foundation) article information on the situation:
There are more than 2.5 billion adults worldwide do not have bank accounts, especially women, most of them have been ignored by the formal financial system, many studies have shown that appropriate financial tools that can help them seize opportunities out of poverty, so that they would not fall into the more serious debt burden.
And Tokenchoose to launch mobile phone APP form, also taking into account the popularity of mobile phones is not low in these areas, but also mobile phones bring economic benefits is relatively large, they again quoted study by the McKinsey Global Institute (McKinsey Global Institute) are:
Use of mobile phones to promote financial services to effectively promote economic development, studies predict that by 2025 will bring $ 3.7 billion in global GDP.
At the beginning of 2017, there is a function to launch a similar chat with Toekn APP "status", users can also send money through ETH chat to other people, is currently in beta status.
Disclaimer: article belongs to all bloggers in the blog, without authorization, prohibited reproduced, please indicate the source.
Original: Big Box Coinbase introduced Ethernet-based chat APP Square "Token"