Bitfinex, Tether Jointly Launched P2P Video-Calling App Called Keet

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Bitfinex, Tether Jointly Launched P2P Video-Calling App Called Keet
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Keet is the first in a series of peer-to-peer applications built on top of Holepunch.

Cryptocurrency exchange Bitfinex and stablecoin issuer Tether have collaborated with Hypercore and have collectively created a new platform called Holepunch and launched a fully encrypted peer-to-peer video calling application – Keet., Keet will facilitate real-time audio/video calls, text chat, and file sharing.

It essentially enables users to locate and connect using only cryptographic key pairs upon authorization. This approach has been quite popular in a centralized setting, for example, Zoom. Despite the existence of privacy-oriented solutions, the CTO of Tether and Bitfinex, Paolo Ardoino, claims that a ton of metadata can still be collected. Ardoino, who has been appointed as the chief strategy officer of Holepunch, commented,

“With Keet, you can talk to family, friends, co-workers, and strangers without the worry of having big-tech or oppressive governments listening to your communications or harvesting your data.”The three companies have been reportedly working over the past five years on the project. Additionally, Bitfinex and Tether have also invested nearly $10 million in the development of Holepunch and Keet.

“Rather than relaying communications through a singular server, the way that most of today’s virtual communications apps do, Holepunch is an open network of computers that can be used by peers to discover each other.”

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