WhatsApp beating texts easily, could kill off SMS

Gareth Jones

1/13/2015 3:28:31 AM

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Reposted from News by FinTech Collective

Gareth Jones

It has been almost a year since Facebook acquired WhatsApp for $19 billion in stock and cash. WhatsApp now has 700 million users sending 30 billion messages per day, That is in comparison with about 20 billion messages a day sent over SMS. Remember David Marcus (Zong / PayPal) runs this hugely powerful platform now.. What's next?

The gap between WhatsApp and texting is increasing — in almost every market, texting has been in decline since about 2011. Evans, a mobile analyst who works for venture capital firm Andreessen Horowitz, said that he expects voice calling to be an area for innovation. WhatsApp is rumoured to be adding a Skype-like video calling feature as part of its plan for growth.

http://www.independent.co.uk/life-style/gadgets-and-tech/news/whatsapp-beating-texts-easily-could-kill-off-sms-9972206.html