Decentralized messaging app Beepo, which is currently in beta testing, has added a new feature that it said secures all chats with blockchain encryption.
With this feature, users can make B2B transactions, as well as B2C, with no third-party involvement, safely share funds with family members and clientele, access decentralized blockchain applications and browse online catalogs, according to a Thursday (Aug. 25) press release.
“With the growing breach of privacy on social media platforms, new secure methods are of the utmost importance,” Beepo said in the release. “Having been in the market for a while, blockchain technology has stepped up to fulfil this need in the form of a set of upcoming social networking sites that will be a pioneer of future secure online communications.”
The Beepo App is to be publicly available for download when the beta testing is complete, according to the company’s website.
With the new feature, Beepo aims to prioritize the anonymity of users, give users complete control over their information, and prevent data breaches, censorship and the sale of users’ information to marketers, according to the release.
PYMNTS research has found that cryptocurrency and blockchain technologies are proving increasingly useful for cross-border businesses, which use crypto for easy and cost-effective international payments and blockchain for smart contracts that foster trust with partners in faraway locations.
Fifty-six percent of cross-border businesses use blockchain technology in their operations, according to findings from a survey of executives at 250 cross-border businesses and 250 financial institutions that were published in “Cryptocurrency, Blockchain and Cross-Border Payments: How Multinationals Leverage New Technology to Optimize Business Payments,” a PYMNTS and Circle collaboration.
For all PYMNTS B2B coverage, subscribe to the daily B2B Newsletter.
PARTNER WITH PYMNTS