NASHUA, N.H., Oct. 22, 2018 — Today, CoinText.io, a service to instantly send cryptocurrency to any mobile phone number using text messages, launched in Brazil and three more European countries Poland, Croatia and Romania.
Brazil is home to about half the population of South America with about 208 million people.
“Brazilians have been suffering from corruption and bad monetary policy,” says CoinText founder and CTO Vin Armani. “Cryptocurrency offers a way for them to peacefully opt out of a corrupt system.”
“Adding Poland, Croatia and Romania brings us closer to connecting the entire continent of Europe,” Armani added. “CoinText’s end-of-year goal is to enable all 740 million European residents to text money to each other’s phones for pennies.”
CoinText doesn’t require apps, logins or Internet, and it works on any type of mobile phone including iPhone, Samsung, and even old Nokia flip phones. A new wallet is automatically set up when people receive funds over SMS.
“If you can send a text message, you can send bitcoin cash to your friends or spend it anywhere it’s accepted,” Armani emphasized how simple it is to use CoinText.
CoinText users control their wallet with simple SMS commands like BALANCE to see their balance and RECEIVE to display their wallet address.
Users can send funds to domestic or foreign mobile phone numbers by texting commands like SEND $1 PHONENUMBER. Transactions are instantly settled on the Bitcoin Cash (BCH) blockchain. CoinText never holds funds.
Users in Brazil can get a wallet by texting BCH COMECAR to 29000
Users in Poland get a wallet by texting POCZATEK to 48539585454
Users in Croatia get a wallet by texting POCETAK to 385951006707
Users in Romania get a wallet by texting INCEPE to 4037170677
This release brings the total number of countries connected by CoinText to 29. It also includes support for Polish, Croatian and Romanian languages across the entire CoinText platform, the company said.
CoinText is a for-purpose FinTech company making cryptocurrency easy to use as money. CoinText is the first full-featured cryptocurrency wallet that doesn’t require apps, accounts, passwords, or Internet. The service offers frictionless onboarding to the cryptocurrency ecosystem for anyone with a text-enabled phone. CoinText is built on a foundation designed for a full suite of cryptocurrency solutions including touchless payments, streaming money, and for the Internet of Things (IoT).