The cryptocurrency that works without internet connection.

in #cryptocurrency6 years ago (edited)

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What if i told you, there is a possibility of transacting in cryptocurrencies without the need of internet.
ONem communications that is based in London launched mCoin across africa, the crypto that works without internet.
Besides some other challenges faced by most african countries and though internet is becoming possible for the remaining majority in africa, the mCoin aims to solve the hustle of internet connections in some remote areas together with it's expenses.
Africa is just starting to embrace the blockchain technology with most of the phenomenal changes taking place only in last few years, What we are looking at is easing the cryptocurrency management on our ordinary phones.
Where by each has a digital crypto wallet for storing their funds.

The ONEm Wallet is a digital wallet that allows users to send mCoin to others in the community, by means of a wallet address in the form of a username. Users can also send mCoin from an offline SMS wallet to the digital wallet. Richardson, who has experience in the telecommunications sector, says the SMS wallet is secure as it's not connected to the internet. The SMS wallet was created to mirror a cold storage wallet.

https://bitcoinmagazine.com/articles/cryptocurrency-works-without-internet-mcoin-launches-africa/

As claimed of whether there aren't any security compromises, not to cause any worry as long as your data and devices kept in safe hands. If any one can access good internet connections, the trade off for the security is not a good one. The two- factor authentication capability is not able for now on this such a system, though a good thing to note is since it requires no internet connection to full control your funds, it leaves a layer of security, the relief of keeping funds offline.

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There is much hope for most people to start using cryptocurrencies if such programs are providing all this convenience.
mCoin is a big step in the right direction especially in the quick adoption of cryptocurrencies in the world. If half the population of the world is not connected, few people use banks nowadays, alot of people in Africa are going to benefit from mCoin and the coming likes in the near future.

For more about mCoin and onem projects together with their airdrops and exchanges check out from their official site at mcoin.onem

As always.
@tesaganewton.

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Its great news about this coin!
Thanks for sharing

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