Tether, Bitfinex and Hypercore launch P2P app with Bitcoin LN payments
Rolling out new cryptocurrencies is not the only motto of the cryptoverse. To give a completely new direction to the industry, Tether, the issuer of the largest stablecoin USDT, the crypto exchange Bitfinex, and an open source project, Hypercore, have collaborated to launch a P2P communication platform called Keet.
Over the past few days, Bitfinex has been sharing cryptic tweets about a launch. Earlier today, the trio rolled over an encrypted application. This app allows users to make audio and video calls while exchanging texts and files. It should be noted that all this will be done in a peer-to-peer manner.
It should be noted that Tether and Bitfinex poured funds into Hypercore to roll out Holepunch. The fully encrypted platform Holepunch was an initiative rolled out to help create P2P applications, and Keet is reportedly a product of the same.
The alpha version of Keet debuted today. While the app’s mobile version will only be launched by November 2022, users can download the app on the website. This is mainly because Holepunch has not yet been moved into open source, and currently the project continues to operate as a closed source protocol.
The team must have worked on the project for the past three years.
Bitcoin and Keet
Tether, Hypercore and Bitfinex intend to introduce Bitcoin into the platform. This will mean that users will be able to make Bitcoin payments. Additionally, users will be allowed to stream BTC to content creators. The highlight will be the addition of sending Lightning payments.
Speaking on the same, Paolo Ardoino, CTO of Bitfinex and Tether said,
“Bitcoin and Tether payments are additional features to provide payment rails/options for people using applications built on top of Holepunch or planning to build/offer services through the Holepunch network.”
While other cryptocurrencies are still hidden, Bitcoin and Tether have already secured a place.
The need for a decentralized communication medium was long overdue. At the same time, Twitter and Telegram have been core communication mediums for the cryptoverse, and the chances of Keet emerging as one of these prominent platforms were high.
