Noones plans to use messaging, a platform for peer-to-peer transactions familiar to the Global South, to empower users with Bitcoin.
A team of Bitcoin entrepreneurs have announced the launch of Noones, a new financial communications app aimed at empowering financial freedom in the Global South. The app will combine a messenger for peer-to-peer transactions with a cost-operated Bitcoin wallet and a peer-to-peer marketplace. The app is now available in private beta and is set to have instant exchanges and Lightning support in the coming weeks.
The founding team of Noones is made up of Nicholas GregoryDirector of TradeBlock, Yusuf Nesaryco-founder of the Built with the Bitcoin Foundationand stern bernardCEO and co-founder of bitnob, who believe that “peer-to-peer is the only truly free market in the world.” The app will focus on the messenger, where the majority of peer-to-peer transactions across the industry take place, according to the press release. The peer-to-peer marketplace will allow users to buy, sell, and trade Bitcoin, Tether (USDT), and USD Coin (USDC).
The app is “pro-human, pro-commerce, and pro-Bitcoin,” with a mission to unleash the true power of the Global South and “end economic apartheid” using Bitcoin, the press release states. “Our goal is to solve financial discrimination,” said Yusuf Nessary, a member of the founding team and Head of Business Research and Development, “Billions of people in the Global South face international currency controls that exclude them from the global stage. Bitcoin offers an inclusive solution that can strengthen economies and give people a fighting chance.”
The Noones messenger will have a guaranteed trade option with a trust and a local moderator to resolve disputes, providing an additional security benefit compared to pure communication platforms. The app aims to monetize the chat in a value-added way.
The app is inspired by the Bitcoin adoption already taking place in the Global South, and the founding team hopes that Noones will help unite the region with communications, payments, and a store of value. “Game over on currency control,” Nessary said. “It is time to push for a new financial standard, one in which people can easily access the global financial system and money flows freely around the world through peer-to-peer commerce.”
The Noones announcement comes at a time when Bitcoin is gaining ground around the world as an alternative to traditional financial systems. Noones’ is not available to users in the United States or any other country on its list of blocked countries due to regulatory restrictions.
