Co-founding executive of Netflix Mitch Lowe has joined UseCrypt as one of their major investors during the launch at the Yacht Club of Monaco. The three million euros investment will fund a project that guarantees genuine privacy to people in the field of telecommunications.
UseCrypt is a global, decentralized communications system that connects users and eliminates intermediaries. The original founders of the project are a group of Polish cryptographers and entrepreneurs. Since April 2019, the company is now owned by the American-Israeli Lazar Vision Fund led by Yuval Rabin. The application has been tested by the world’s leading authorities in the field of cybersecurity, including Oded Vanunu of Checkpoint Software Technologies.
UseCrypt is an all-in-one communications service, combining the capabilities of applications such as Zoom, Dropbox, and WhatsApp with total user privacy and security through eight levels of cryptographic technology. The primary product of UseCrypt is UseCrypt Messenger, an application that encrypts all smartphone messages, preventing the extraction of conversational data from any device.
The following are all the platforms UseCrypt offers:
UseCrypt Messenger – a communicator that enables the secure exchange of messages and phone calls
UseCrypt Video – a platform for video conferences and private conversations over the Internet
UseCrypt Safe – a desktop application for storing data, encrypting, and securing e-mail messages and data in the cloud
UseCrypt Live – a streaming platform available to subscribers of the premium service, enabling chat and live streaming of entertainment industry icons, which is just making its debut.
The application will be available with a monthly subscription. According to Lowe, “[UseCrypt] will be a value proposition, about a 70% discount from what you would pay for these unlimited services individually. Every month, users will be given a token to pay for the next months or to keep as an asset. It is a very interesting way to introduce people to cryptocurrencies, something that is clearly on an upward trend.”