Zulu Republic to Launch WhatsApp Crypto Transfer Bot

Lite.im is already available for Telegram and Facebook Messenger; it allows to send and receive BTC, ETH, LTC and ZTX (Zulu Republic own token)
20 May 2019   1698

Lite.im WhatsApp bot is now available. Thanks to it, the users of the popular messenger got the opportunity to send each other transactions in Bitcoin and Litecoin.

In addition to BTC and LTC, the new service also supports Ether (ETH) and ZTX, the native token of the Zulu Republic platform, developers of the bot.

WhatApp Lite.im Bot
WhatApp Lite.im Bot

To start sending transactions, users simply install the Lite.im and the follow further instructions. In particular, you can determine the coin to be used by default, the language (at the moment you can choose between English and Spanish), and also set a password.

Earlier, Zulu Republic launched a similar service for Telegram, and added support for Facebook Messenger later. In addition, Lite.im allows to carry out cryptocurrency transactions using SMS messages.

Now Lite.im also supports WhatsApp, whose user base is estimated at more than 1.5 billion people around the world.

PBoC to Continue Anti-Crypto Propaganda

The regulator published a warning in its WeChat account called “Protection of the rights and interests of consumers of financial services”
23 March 2020   315

The People's Bank of China has returned to criticism of cryptocurrencies amid a worsening economic situation in the world.

On March 22, the regulator published a large-scale warning in its WeChat account under the heading “Protection of the rights and interests of consumers of financial services”. It describes three ways in which cryptocurrency service providers can mislead consumers.

First of all, the amount of fraud transactions with bots is serious. The average turnover rate of the top three overseas crypto currency exchanges is much higher than that of foreign licensed exchanges. Second, market manipulation exists in these exchanges where forced leveraged trading eventually causes the exchanges to explode. Third, money laundering is a big issue.


People's Bank of China

In addition, the Chinese Central Bank calls the opinion that Bitcoin may serve as a protective asset, erroneous. The regulator indicates its high volatility and recommends that citizens not follow the example of other investors and refuse to participate in cryptocurrency trading.