Cointext raised 600k to create offline BCH payments via SMS
Cryptocurrency startup, CoinText, have received 600k in BitcoinCash during a seed funding round let by Yeoman’s Capital
CoinText aims to “Transact Bitcoin Cash (BCH) with any type of mobile phone using simple text commands without Internet, apps, accounts or passwords.” This ambition project is developing tools to bring cryptocurrency to as many people as possible by creating an SMS gateway. This will allow users to send and receive Bitcoin Cash by just sending an SMS, not requiring internet access or a high end device.
David Johnson, CEO of Yeoman’s Capital state “CoinText is one of the few projects that far exceeds that bar by providing easy access to crypto to the 4.5 billion people with text-enabled phones worldwide. CoinText has the potential to drive the next wave of mass crypto adoption because onboarding new users is as simple and seamless as sending a text message.”
CoinText is a for-purpose project to deliver global finance to anyone with a mobile phone. The ability to transact Bitcoin Cash without Internet, over SMS (Short Message Service), opens global market opportunities for billions of poor and underbanked people around the world. Even feature-phone users will be able to use Bitcoin Cash. We are also developing a full suite of tools where transacting over SMS is necessary or beneficial like merchant and charity solutions, gaming and sports betting, ATMs and vending machines, smartlocks and much more.
original report via PRWEB