Popular SMS Cryptocurrency Wallet CoinText Continues Global Expansion

The SMS crypto wallet that allows sending digital assets without an Internet connection keep globetrotting in order to reach out to wider audiences

Mon, 29/10/2018 - 17:49

Popular SMS Cryptocurrency Wallet CoinText Continues Global Expansion

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CoinText, is expanding its global reach by launching its Bitcoin Cash (BCH) wallet in four more countries: Taiwan, Slovenia, Hungary, and Puerto Rico. Last week, the US-based cryptocurrency startup that allows sending Bitcoin and other digital assets with the help of SMS also set operation in Brazil and some European countries.

The text message-based payment process doesn’t require an Internet connection in order to send Bitcoin to other address. According to CoinText’s CTO Vin Armani, the SMS solution will help to significantly increase the acceptance of crypto because of the simplicity of transactions.

Speaking of the recent foray into the Slovenian market, Armani emphasized that Bitcoin Cash is extremely popular with local businesses. In Slovenia, BCH has the highest merchant adoption rate in the world.

About the author

Alex Dovbnya

Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets, can be contacted at alex.dovbnya@u.today.