It uses the same crypto as WhatsApp (same developer), but values your privacy and has properly working audio calls - better than WhatsApp in my experience.
It's essentially WhatsApp minus Facebook. And it's open source.
The company (and person - Moxie) behind Signal, OpenWhispherSystems, worked with Google and Facebook to add end-to-end encryption to Facebook Messenger, Google Allo and WhatsApp. It's literally the same protocol and Moxie is a highly regarded cryptographer / security researcher.
Telegram, which some are suggesting, has encryption as opt-in and their encryption scheme has been widely criticized for being dodgy (see: https://moxie.org/blog/telegram-crypto-challenge/).