Transacting Bitcoin Cash [BCH] without Internet is now possible!
Argentina and Turkey are now able to send and receive Bitcoin Cash without using internet. Bitcoin Cash [BCH] saw its philosophy as electronic money got another boost to its adoption.
Moreover, as these countries are hit with debilitating inflation problems, the introduction of a method to transact value with a low barrier of entry will push adoption of the currency.
The native fiats of these countries have experienced a decline of close to half or more of their value against the dollar in the last year alone, leading many to turn to alternate methods of transacting value for everyday activities. This also means that citizens do not have a high amount of disposable income required to set up a service for transacting cryptocurrencies.
It is also important to note that these countries do not have widespread Internet, leading the solution to come in the form of SMS. The service enables the sending of money to mobile phone numbers or BCH addresses, with no requirement for Internet, apps, accounts or passwords. The function of this service on SMS also means that phones from the late 2000s can also be used, as they have functionality for the technology.
cointext.io began offering its new sms-based bitcoin cash wallet service on october 15. Turkey and Argentina respectively have a population of 80 million and 44 million inhabitants. Many of them believe in the future of cryptocurrencies and the goal of cointext.io is to make cryptocurrencies accessible to all.
Congratulations @camomeet! You received a personal award!
You can view your badges on your Steem Board and compare to others on the Steem Ranking
Vote for @Steemitboard as a witness to get one more award and increased upvotes!