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Cointext Bitcoin Cash SMS payments arrive in Asia

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Asia is the crypto verse’s center. Bitcoin was (we suspect) created in Japan. Most of the world’s crypto mining takes place in China and Korea has a very enthusiastic crypto market that’s behind every one of the world’s markets big developments. So it’s not a surprise that Cointext has made an effort to go into several Asian countries. Israel and Hong Kong, for a start.

Cointext is an innovative service that allows for cryptocurrency holders to transact without an internet connection or an account. All it takes is to have a mobile phone and then you can send and receive digital assets by simply sending or receiving SMS messages. It’s simple, convenient, fast, and relatively low-tech.

It’s a very young project (it went live only last March). It’s available in several countries (the USA, UK, the Netherlands, Sweden, Switzerland, Canada, and South Africa). 

With Cointext you get a full-fledged crypto wallet that needs you to hold no account in an exchange, or install any apps, or remember a password. You don’t even need Internet service, just your normal mobile service that supports SMS texting. It’s a very big step in the democratization and adoption of cryptocurrencies everywhere where it’s available.

Using Cointext is as simple as this: you just issue a command in an SMS (available commands include RECEIVE, SEND, START, and BALANCE) to a local number (Hong Kong: 85257456744; Israel: 972526230418). You start by sending “START” to the number in question, and a wallet will be set up for you in the system, instantly. That’s all it takes.

The new development for this company is that it’s making available it’s Bitcoin Cash Wallet (BCH) available in Hong Kong and Israel (and this includes the Palestinian territories). 

The company’s founder and lead developer, Vin Armani, considers these two countries to be strategically critical. In his own words

“These are important regions for us to connect because they’re financial centers. And Cointext gives them a simple alternative to physical cash.”

And that’s just the beginning. Only last week, Cointext announced that it will become available in several other European countries (namely Germany, Austria, France, Estonia, Portugal, and the Czech Republic).

The current service available in Israel and Hong Kong is available in English only. But developers are working so Chinese, and Hebrew will be available for local users as soon as possible.

The company is quite experienced in localization since it’s available in more than 20 countries (25 to be specific) and 15 different languages. So it won’t take it long to develop the required technology to serve in the local languages.

At the current time, it’s unknown if other digital assets will be available through Cointext, and it’s anybody’s guess why it chose to offer BitCoin Cash instead of other, more traded, coins. But it’s good news for both the company and BTC.

If you have an account in any of the main cryptocurrency exchanges around the world, knowing that Cointext is around will be a breath of fresh air, as you probably know that making transfers in that kind of exchange or platform is not simple at all.

Congratulations to Cointext, and let’s hope that this service becomes available the world over very soon.

For the global insights every crypto trader must have, apply for Elite membership!

Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and/or its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your own thorough research before investing in any cryptocurrency and read our full disclaimer.

Image courtesy of Pixabay

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Celebrate BitStarz’ Birthday and Win a Tesla Model 3!

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Everyone’s favorite online casino is baking a cake, popping the champagne, and inviting you to the biggest and best birthday party of the year. BitStarz is getting ready to celebrate its 6th birthday and we’re doing it in style with a promotion that will drive you insane.

If you love cars and casino games, you’re in for one epic birthday treat courtesy of BitStarz. When you deposit at BitStarz during the birthday celebrations you will get a ticket (or tickets) that give you entry into the draw for a brand-new Tesla Model 3 – now that’s one birthday bash you don’t want to miss out on!

Speed Around the Reels and the Race Track

We’ve all dreamed of owning a Tesla at one point in our lives, and now BitStarz is making this dream a reality. Imagine hurtling from 0-100km/h in as little as 3.4 seconds in your brand-new Model 3, or zooming down the highway at 261km/h in ultimate luxury – we don’t recommend doing this, by the way.

It’s definitely the only way to travel in 2020, and what’s more, you’re doing the planet a favor by going electric. Make sure you’re in the BitStarz birthday lottery to get your hands on this high-powered and high-tech car.

Entering the Lottery…

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Making Your Investment Work: What You Need To Grow Your Crypto Business

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The question of whether or not cryptocurrency is a worthy investment has been answered. It seems that over  61% of Americans have invested in cryptocurrency, according to Finder. That is why establishing a crypto business is a savvy financial move. If you’ve already got one, the next order of business is to grow it accordingly. So what does your crypto business need to grow?

Added Manpower

One of the top reasons small businesses fail is because of overexpansion, according to the Small Business Administration. So while you’re looking to grow your business, make sure it is within suitable means. If your crypto business is looking to take on more clients, it needs more people. Whether you need more programmers, traders, marketing staff, etc. you need to make sure you don’t go overboard. The last thing your business needs is being overburdened with additional employees that it cannot afford. So it is recommended that you add people with skills critical to your operational growth.

Suitable Insurance

If your business has a certain number of employees, it will be subject under the Workers Compensation Law that all states passed in 1950. Having workers comp insurance protects your business if an employee becomes injured or ill at work. That type of insurance also covers loss…

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Sologenic Lists 30 Securities Exchanges For Stocks Tokenization

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European crypto exchange CoinField is getting closer to the launch date of its ambitious Sologenic project.  This week it announced all of the stock exchanges that will be “compatible” for tokenized assets trading on the XRP Ledger.  Once live, the Sologenic ecosystem will allow trading of 40,000 stocks, ETFs and commodities. These traditional assets will be turned into stablecoins and backed by real-word assets, per Sologenic. 

Here is the complete and very impressive list of traditional stock exchanges that Sologenic is adding to its platform:

NASDAQ

New York Stock Exchange & NYSE MKT

Toronto Stock Exchange

TSX Venture Exchange

Athens Exchange

BME Spanish Exchanges

Deutsche Borse (XETRA)

Irish Stock Exchange

Johannesburg Stock Exchange

London Stock Exchange & IOB

Milan Stock Exchange

NASDAQ OMX Copenhagen, Helsinki and Stockholm

NYSE Euronext Amsterdam AEX, Brussels, Lisbon and Paris

Oslo Stock Exchange

Prague Stock Exchange

SIX Swiss Exchange

Wiener Borse / Vienna Stock Exchange

Warsaw Stock Exchange

Australian Securities Exchange

Hong Kong Exchanges

HK Stock Connect

Singapore Exchange

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