We have so many messaging applications available for mobile phones these days, and it will not come as a surprise to know that most smartphone users have more than one messaging application installed on their phones. People have started using instant messaging (IM) for both personal and professional purposes. Similar to the ever growing number of IM apps, the number of Bitcoin wallet services available to Bitcoin users is also growing. As the Bitcoin community grows, the number of Bitcoin transactions are also increasing.
Conventionally, we send Bitcoin from one wallet to another by using a public key. The public key is an equivalent of wallet address to which the Bitcoin can be transferred. SendChat decided to club both IM and digital currency on to a single platform. This relatively new start-up included Telegram, a widely used IM platform along with BlockTrail to create a platform that can be used to send messages and Bitcoins with the same degree of ease. Both Telegram and BlockTrail’s Bitcoin API are known to be very secure platforms in their own domain.
SendChat had recently entered into a partnership with BlockTrail to receive access to BlockTrail’s Bitcoin API for secure Bitcoin transmission. Within weeks of announcing its partnership with BlockTrail, SendChat has got another announcement to make. This time, about its acquisition by BlockTrail. While the terms of this acquisition is still unknown, the message on SendChat’s website says “SendChat has been acquired; SendChat is happy to join the BlockTrail family”.
The Amsterdam, Netherlands based BlockTrail has announced the acquisition of the digital currency messaging app in one of its blog posts. The blog post mentions the news of acquisition along with a welcome message to Alejandro De La Torre, the founder of SendChat. As a part of BlockTrail’s team, Alejandro will be leading the company’s business development and marketing efforts.
SendChat allowed users to send and receive any digital currency of choice and supported about 30 different fiat currencies to buy digital currencies inside the application itself.