Many cryptocurrency analysts and industry representatives are predicting that the increasing integration of blockchain payments with messenger apps will comprise the catalyst for the next wave of mainstream distributed ledger technology (DLT) adoption.
However, critics are warning that the blockchain payments integrated with messenger apps may undermine many of the core values underpinning cryptocurrency. They predict that the majority of individuals’ economic activities may occur with centralized mediation from a handful of large companies. In turn, they may be able to profit from the mass of financial data that will be yielded through the mass adoption of DLT payments integrated with messenger applications.