The main site is located here: molly.im
The first paragraphs on the donation page:
The goal is to build a secure messaging app with integrated support for Monero payments and a decentralized backend.
The application will be based on the Signal fork Molly.im (henceforth ‘Molly’) but with a privacy-focused backend that allows the user to sign up anonymously (without phone number), encrypt their local database with passphrase encryption, RAM shredding, and more.
Monero features will include the ability to set up a XMR wallet, send and receive funds, keep track of the balance, and review the history.
You have a point, but again you have a money’s worth stake on your messenger of choice, as well as the platform. No doubt they have a lot of holes, but credit card or password stealing is the same thing. You totally forget that coins like ethereum, bitcoin and such are traceable, so there is no way to cash out stolen money.
I think having payment in the messaging app will be expected as it is becoming the norm. But I don’t like that signal is partnering up with a private crypto coin corporation.
Is the answer necessarily cryptocurrencies? Maybe a stablecoin version or just some different intermediate way to send payments privately that doesnt involve cryptos?
There is GNU Taler from GNUNet project (its not popular ofc), and hashgraph (discussion here https://libredd.it/rty0vt ), the main advantage of monero and crypto more generally is to have a way to send money.
Stablecoin is also full of shit, as in practice it is backed so little and with securities rather than moneu that it can easily crash. I heard that Nova coin transactions used in WhatsApp trigger movements in underlying USD accounts, if that’s more what you’d be expecting?