Tether and Bitfinex have launched Keet, P2P chat app
Tether and Bitfinex have launched Keet, a P2P chat app with integrated Bitcoin Lightning & $USDT payments support.
Keet launched by Bitfinex and Tether is a free video calling app that makes use of peer-to-peer technology to facilitate real-time audio/video calls, text chat, and file sharing. This eliminates a single point of failure and centralized data collection.
Why Tether Is Launching a P2P Video Chat App Called Keet?
Tether launched the app along with the parent company Bitfinex.
Stablecoin issuer Tether and cryptocurrency exchange Bitfinex have entered the world of social media by announcing the launch of a Video chat application named Keet.
Keet provide fully encrypted is the product of Bitfinex, Tether, and software company Hypercore it's only available on Desktop for now, but there soon will be a mobile app with the high video quality.
The messenger is the first app built upon Holepunch, a platform that allows developers to build Web3 applications which also was declared today by the three companies.
Tether, Bitfinex and Hypercore Launch Holepunch , a Platform for Building Fully Encrypted Peer-to-Peer Applications— Tether (@Tether_to) July 25, 2022
Hole-punch doesn't run on a blockchain but will make use of the Lightning Network a second-layer solution that speeds up Bitcoin transactions while reducing costs.
Tether, Bitfinex, and Hypercore have poured $10 million into Holepunch, which could see tens of millions of dollars in investments they added.
Biggest Stablecoin(USDT) and a crypto exchange go into the crowded market of chat apps it's in the name of freedom of speech Paopo Ardoino the CTO of Tether and Bitfinex and the CSO of Holepunchy said:
“You know that funny meme where people ask if you are ‘in it for the tech’ in the Bitcoin space, mocking the fact that of course everyone is in it for the money? Actually, we at Tether and Bitfinex—and this is the great alignment we have—we are actually in the blockchain space for the tech,” he said.
He added "One of the main concepts is the individual soverelgnty cannot be reached if you only have financial freedom but you don't have freedom of speech"
The app along with Holepunch is free to use and will supposedly be more private and secure than Web2 centralized peers such as Zoom or Google Meet, Keet users can make calls directly to another individual's computer with nothing stored on a server.