Business 9 October 2018Erik Gibbs
‘Simple alternative’ to cash now available for CoinText users in Hong Kong, Palestine, Israel
A novel cryptcurrency platform was first brought to light this past February and promised to bring Bitcoin BCH to those who have no access to the Internet. Eight months later, that platform, CoinText, is gaining in popularity and is now rolling out its service to several new areas.
In a press release, CoinText announced that its service is now available to users in Hong Kong, Palestine and Israel. Vin Armani, the company’s founder and lead developer, said, “These are important regions for us to connect because they’re financial centers. And CoinText gives them a simple alternative to physical cash.”
CoinText’s brilliance is in its simplicity. It allows a user to send Bitcoin BCH to anyone using just a mobile phone number or a cryptocurrency wallet. It does not require an Internet connection, instead relying on the global Simple Message System (SMS) text messaging protocol.
If cryptocurrency is sent to someone without a crypto wallet, CoinText automatically creates and configures the wallet as soon as the text message is received. Users of the platform can manage their wallets easily by using commands like BALANCE to check the wallet balance, and RECEIVE and SEND for their respective actions. Each geographic area has its own locally assigned number, giving users the ability to send Bitcoin BCH without incurring hefty charges.
Hong Kong became the first country in Asia to be set up with CoinText. While the default language of the platform is English, the company indicates that it will soon have support for both Chinese and Hebrew.
CoinText can be accessed in the new regions by dialing the following numbers: 85257456744 (Hong Kong); 972526230418 (Israel).
CoinText is now available in a total of 25 countries around the world. However, provided a user has an international roaming plan associated with his or her phone, access is available from anywhere. It is available in Canada, the U.S., Mexico, Chile and South Africa, as well as 16 countries in the European Union.
CoinText focused on Bitcoin BCH because it is the only cryptocurrency available today that is still advancing the original purpose of cryptocurrency—to be used as a viable and legitimate digital currency in lieu of fiat. The majority of the blockchain’s developers haven’t waivered from this initial goal, which is why Bitcoin BCH is the fastest growing retail cryptocurrency available today.
Note: Tokens on the Bitcoin Core (SegWit) chain are referenced as BTC coins; tokens on the Bitcoin Cash ABC chain are referenced as BCH, BCH-ABC or BAB coins.
Bitcoin Satoshi Vision (BSV) is today the only Bitcoin project that follows the original Satoshi Nakamoto whitepaper, and that follows the original Satoshi protocol and design. BSV is the only public blockchain that maintains the original vision for Bitcoin and will massively scale to become the world’s new money and enterprise blockchain.
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