Trading Is Now As Easy As Messaging!

As messaging apps continue to roll out, Solana-based Secretum offers solutions to various problems with Blockchain.

WhatsApp and Telegram became targets of attacks

The proliferation of messaging apps is spreading at an unprecedented rate, with more than 3.6 billion people worldwide using them and more than 145 billion messages being sent every day. Among the top players are two ubiquitous giants, WhatsApp and Telegram, but for very different reasons:

• WhatsApp was the industry-leading, first truly global VOIP solution, launched in 2009 and later acquired by Facebook for over $19 billion in 2014. Currently, it is the world’s most popular messaging app with over 2 billion registered users.
• Launched in 2013, Telegram is still considered an advanced version of WhatsApp today, with more advanced features like end-to-end messaging encryption, expanded storage, and secret chats. Today it has more than 500 million users.

Despite their success, both apps share a common weakness: they have been the target of multiple personal data leaks, cyber thefts and privacy breaches. Below are examples of these:

• The EU’s privacy watchdog fined WhatsApp 255 million euros for data processing and data sharing breaches in September 2021.
• Telegram suffered a hack in August 2020 that exposed the personal data of more than 500 million users.
• In 2019, hackers allowed WhatsApp users to block private communications by adding spyware to their phones.

These events inspired a group of Lithuanian developers to create a Blockchain-based messaging app that could provide overall messaging security and privacy: Secretum.

Secretum goes beyond WhatsApp and Telegram

Secretum is the world’s first and only fully decentralized, encrypted and secure messaging app built on Solana Blockchain. Thanks to its architecture and the inherent features of Blockchain technology, it offers many advantages such as:

• End-to-end encryption is provided for all communication – no censorship, no monitoring; There is full user privacy.
• Messages and files are stored only on trusted and independently verified nodes on the Secretum network – there is no single point of failure like any other cloud-based messaging service.
• A completely anonymous registration takes place only through the user’s crypto wallet address. Users do not need to enter their name, phone number or other personal data – completely eliminating the risk of data leaks and hacks.
• No data collection for marketing purposes, which is common practice in other messaging apps.
• An ecosystem built on the SER token allowing stakes and rewards for users who send messages, store files and help expand the Secretum network.

Added to the user-friendly and intuitive app design, Secretum’s functions give it a significant competitive advantage over both WhatsApp and Telegram:

But Secretum is much more than a messaging app. Its uniqueness lies in an integrated crypto trading functionality that, thanks to Solana technology, allows users to exchange all crypto assets (and NFTs) in a peer-to-peer manner almost instantly and at the lowest cost in the market.

Secretum: The messaging and trading solution for the global crypto community

Just as its messaging features set it apart from existing messaging apps, Secretum’s over-the-counter (OTC) trading features set it apart from existing crypto trading solutions:

• By allowing traders to communicate with each other one-on-one or with multiple people, Secretum unlocks the hidden liquidity in the crypto markets – improving trading prices and execution times.
• OTC trading is ideal, especially for NFT tokens that do not have publicly traded prices. Secretum helps match buyers and sellers who can find each other and communicate with each other via wallet addresses quickly, securely and completely anonymously.
• The current panorama of centralized and decentralized crypto exchanges (CEXs and DEXs) creates a market with fragmented liquidity where blockchain trading can have a strong impact on prices. By replacing exchanges with “wallet-to-wallet trading,” Secretum balances prices and market flows.

Secretum’s OTC trading features are taking advantage of the continued boom in crypto trading, with trading volumes exceeding $1.5 trillion per month in 2021:

By combining innovative trading capabilities with unique messaging features, Secretum aims to be the communication and trading solution for the global crypto community. As crypto ownership becomes mainstream, the market need for seamless trading and secure messaging will converge in one place where Secretum will be ideally positioned to serve. Achieving this vision will enable Secretum to expand far beyond the scope of becoming the next WhatsApp or Telegram – instead laying the groundwork for making it a pioneer of the Blockchain era.

Disclaimer: This is a sponsored content and press release, and what is written here does not reflect the views of the Kriptokoin.com team. The high risk of loss must be taken into account in leveraged transactions and crypto money investments, and extensive research should be done before investing in any platform. Contact us to be instantly informed about the last minute developments. twitter‘in, Facebookin and InstagramFollow and Telegram and YouTube join our channel!