Breaking: Crypto Exchanges Take On Google With New Video Chat App
Crypto platforms Bitfinex and Tether collaborated with Hypercore to launch Keet, a peer-to-peer video chat application. The application also allows for audio and text exchanges and fully supports Bitcoin Lightning and USDT payments.
Bitfinex, Tether, and Hypercore also launched Holepunch, a protocol that would allow building peer-to-peer apps. Keet was the first app launched on the Holepunch platform.
In the launch video, Keet takes a shot at companies like Google and Amazon and mentioned that they often engage in recording user data and selling it to advertisers. Keet promises to build an Internet of Peers that removes any middleman while audio/video data sharing.
How does Keet Work
According to a blog post by Tether, Keet uses distributed technology called Digital Holepunching that allows users to connect without any middleman. All the connected users form a swarm and facilitate audio, video, text, and file transfer throughout the network.
Paolo Ardoino, who is the CTO of Bitfinex and Tether, reveals that Holepunch and Keet allow users to communicate without any data piracy from big-tech companies or oppressive governments. Ardoino has been appointed as the Chief Strategy Officer of Holepunch.
Ardoino also reveals that the Android/iOS version of Keet is about 2 to 3 months away. In another major announcement, he revealed that the platform will be completely free of cost and open source. He stated that the company’s objective is not to make money through it but to contribute to the Bitcoin and Web 3.0 community.
Tether believes that Keet can amplify the freedom of choice, communication, and finances. The payments API will be powered by Bitcoin Lightning Network and the platforms that are built on Holepunch will have Tether as their default mode of payment.
Keet Competes With Google
According to Keet, the platform can break tech monopolies over many facets of online communication and data sharing. The launch video also mentions that existing services like WebRTC have a middleman that can interrupt the entire network.
On the other hand, Holepunch allows apps built on it to be censorship-resistant and not be in the control of any centralized agency.
- U.S. Treasury To Ease Tax Rule on Unrealized Bitcoin Gains, Aiding Saylor’s Strategy
- Trump-Backed World Liberty (WLFI) Plans RWA Tokenization Paired with USD1 Stablecoin
- Stripe Eyes U.S. Banking Charter, Pioneers One-Click Stablecoin Issuance for Firms
- Breaking: Metaplanet Expands Treasury With 5,268 BTC Purchase, Climbs to 4th Largest Holder
- BREAKING: Nasdaq Files with US SEC to List BlackRock Bitcoin Premium Income ETF
- XRP Price Prediction After Ripple CTO David Schwartz Resigns
- SUI Price Eyes $4.5 as Coinbase Futures Listing Sparks Market Optimism
- Chainlink Price Holds $20 Support Amid Tokenization With DTA Standard Progress – Is $47 Next?
- Analyst Predicts Dogecoin Price Surge as DOGE ETF AUM Hits $20M
- Ethereum Price Eyes $8,600 As Institutions And Whales Double Down
- Dogecoin Price Prediction – Chart Set-Up Highlights Perfect Buying Opportunity With Outflows Backing $0.45
Why Trust CoinGape
CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more…to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
