It appears that messaging app Blastchat – which was recently selected for Kik’s $3 million cryptocurrency developer program – has been caught storing sensitive user data, including passwords, in plain text. Blastchat gained recognition following its inclusion the Kin Developer Program, an incubator-style startup ecosystem created by instant messaging giant Kik. The program is designed to source the best in new cryptocurrency projects by putting $3 million in incentives up for grabs. Despite earning a spot in Kik’s developer program, Blastchat reportedly did not use any encryption for communicating between devices and (centralized) servers. This means that all passwords, emails,…

This story continues at The Next Web