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Send or receive Bitcoin Cash through SMS using Cointext

Pooja
Pooja

Messaging platform Cointext has launched a service through which Bitcoin Cash(BCH) can be sent or received without internet using Short Message Service(SMS) of a phone. The launch is still in beta stage and available in English version across countries like the United States, Canada, South Africa, Switzerland, Sweden, the Netherlands and the United Kingdom.

Vin Armani, the lead developer of Cointext, as well as the co-founder and technical director of the company, claims that this feature is revolutionary and can have a lot of impact on cryptocurrency world.

As stated by Armani,

“Cointext is the easiest and most powerful way to spread the use of Bitcoin Cash because it works with any type of mobile phone and you do not need cryptocurrency knowledge for your mobile phone”

Undoubtedly this is a killer application as it works on the text messaging communication layers for mobile phones, and claim that the platform’s wallet is capable of doing what most traditional cryptocurrency wallets can’t do.

For instance, Cointext can send Bitcoin Cash(BCH) to dumb phones like Nokia without internet facility, which can significantly impact developing nations. As of now, there are already around 2000 users who have subscribed to this feature. Furthermore, for any new user, Cointext will add $0.50 in BCH when they send “CASH” as SMS to company specified access number.

Armani added that,

“CoinText is delivering the original promise of permissionless, borderless money to the unbanked around the world”

Early in the cryptocurrency history, Bitcoin projects like Coinapult and BitPesa have facilitated SMS transfers but Cointext stands out in this market by providing instant transaction speed, sub-one-cent network fees, and on-chain settlements.

Armani says that if everything goes as expected, they may soon plan to release for next wave of users in April and May with support for language translations

 

 

 

BCHBitcoinCashcointext

Pooja

Lead writer at Wolfcone.com and avid reader. My interests lie in everything and anything related to technology. I firmly believe cryptocurrency has the power to revolutionize world economy and blockc