The latest social media networks are already heading to the payment area. Clubhouse add a feature that let users send money to speakers. Signal begins beta tests of payments feature.

Audio-based social media startup Clubhouse has enlisted Stripe to add a feature that lets users send money to speakers. The app’s first monetisation feature is designed to „align our business model with that of the creators—helping them make money and thrive on the platform,” says the company.

All Clubhouse users can now send money, although only a small test group can currently receive payments.

The sender will be charged a small processing fee by partner Stripe but Clubhouse says that it will take nothing, ensuring the recipient receives 100% of the payment.

Also, messaging app Signal has begun beta tests in the UK of a P2P payments service, initially utilising a proprietary cryptocurrency from MobileCoin.

The Signal Payments features enables users to link a MobileCoin wallet to Signal for sending and receiving funds and viewing transactions through a simple interface.

„MobileCoin’s design means Signal does not have access to your balance, full transaction history, or funds,” states the firm. „You can also transfer your funds at any time if you want to switch to another app or service.”

Source: Finextra