Status (SNT) - cryptocurrency review
Status (SNT) - cryptocurrency review

Status (SNT)

Rank: #43

Our Review
9
Real-world utility
1
Market Cap
2
Investability
decrptd review 4 / 10
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Status Review

Status is a messenger app for iOS and Android that also allows users to send payments. Status is built using Ethereum protocols. Chat messages and…

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Status (SNT) – cryptocurrency review


Status is a messenger app for iOS and Android that also allows users to send payments. Status is built using Ethereum protocols. Chat messages and payments are all encrypted. The User Interface for the Status app is beautiful. This will help significantly with adoption.

But to really unlock mass-market appeal, Status will need to convince the world that it needs yet another messenger app (and one that facilitates peer to peer payments). And simply saying “”it’s more private and secure”” probably won’t work, as that is that is already what people assume is the case from existing providers like Facebook and Whatsapp. Telegram is another player in the peer to peer messaging space that majors on privacy and secuity of communications.

Does the added ability of sending money make Status a more attractive alternative? Probably not, but at least Status has a working platform!

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