Have you ever thought about the option to send cryptocurrency without having the Internet? Starting this week, any person who owns Bitcoin Cash is able to transfer virtual coins through a message app.
Cointext is the platform that launched this application. The announcement was made by the text messaging company itself and the project aims to simplify the operations needed for making crypto transactions.
Fortunately, there is no need to have the Internet connection in order to realize this. To make this service possible, the platform uses the phone’s Short Message Service (SMS) protocol. The new service offered by Cointext can be accessed in the US, Canada, South Africa, Switzerland, Sweden, Netherlands and UK.
Users can send and receive Bitcoin Cash with SMS technology
Thus, trading Bitcoin Cash has become easier. Users that own BCH crypto coins have the chance to take part in the most intriguing experience so far. Without internet connection, anyone can send and receive BCH in just a few moments through a mobile phones’ SMS protocol.
On 27th March 2018, the co-founder and CTO of Cointext platform, Vin Armani has announced the release of the public Beta version of this platform.
“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 don’t need any knowledge of cryptocurrency to use it”, explained Armani.
The platform’s wallet is unique
Transactions made through the new protocol proposed by Cointext use a specific wallet. Its features are unique, not being found on other crypto-wallets. For example, through the Cointext application, you can send BCH to a Nokia phone in order to “target developing nations”. Until today, more than 2,000 people have decided to join the trial period of the new protocol.
Also, now, the platform gives for free a certain amount of BCH due to donations made in the pre-launch period. For those interested, Cointext offers $ 0.50 worth in Bitcoin Cash to those who send for the first time a message with the text word “CASH” to the company’s access number.
Don’t forget that the most useful information about how to use the new service can be found on the Cointext website.
“Money, or currency, has always been the killer app for bitcoin, not merely a store of value. Cointext is delivering the original promise of permissionless, borderless money to the unbanked around the world.”, added Armani.
Cointext doesn’t store your funds
Note that Cointext doesn’t keep your funds and all SMS transactions are “settled on the BCH network on-chain”. Unfortunately, once the transaction has been completed, the customer can’t modify or recover the funds in case of theft or loss of the personal telephone number. Additionally, remember that for any transaction made, the Cointext platform retains a fee of only $ 0.05 cents worth of BCH.
“If everything goes smoothly, we’ll launch the next wave of access numbers in April and May, including the first language translations,” Armani added.