Cryptocurrency is live in the financial world to bring solutions to the hiccups in transactions and everyone is embracing the mode gradually. This prompted a blockchain startup company, CoinText.io, to develop a redefined means where users can send Bitcoin Cash (BCH) to others without the use of internet.
The blockchain company on Friday announced the development stating that it was achieved with a $600,000 seed funding which was led by Texas-based Yeoman’s Capital.
In a press release which the company issued out, it was made clear that transactions without the use of internet can be done now through any type of mobile phone over text messages.
The president and CTO of the startup, Vin Armani noted that CoinText.io will continue to strive toward making Cryptocurrency transaction easy for people.
“We are dedicated to making cryptocurrency easy to use for the maximum number of people. Yeoman’s team brings valuable experience to our mission to deliver useful tools that spread bitcoin adoption far and wide,” Armani averred.
The release further illustrated that the just developed CoinText wallet requires “no accounts, passwords, apps, or complicated cryptocurrency addresses,” while getting the wallet, one only need to send the word RECEIVE to the access number in his/her region.
Acknowledging the development, the Managing Director of Yeoman’s Capital, David Johnston in his own statement said the technology has the potential to impact over a billion people.
“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,” Johnston said.
The development, according to the company is designed such that it provides a simple and secure means of transaction to all across the globe.
Live in 3 continents which is made up of U.S., Canada, U.K., Australia, Netherland, Sweden, Switzerland and South Africa, CoinText services it users with instant Cryptocurrency transaction using mobile phones.
With the latest development, CoinText joined the league of companies that service people with offline Cryptocurrency transaction.