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Cointext Bitcoin Cash SMS payments arrive in Asia

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Bitcoin Cash
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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.

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Altcoins

Encrypgen’s New HODLING Incentive Program May Send DNA Token Soaring

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Encrypgen
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Cryptocurrency traders have enjoyed a Bitcoin moon shot during the past few months.  Those gains have created a much more enjoyable environment for crypto bulls.  Whether it’s a temporary or permanent increase remains to be seen but hitting the 10,000 level has put everyone in a better mood.  Unfortunately, altcoins have not had experienced the same type of gains and are lagging significantly behind Bitcoin.

I’ve written articles in the past year that there is at least a decent chance that many altcoins won’t survive the current environment.  The ones that do will do so because they created a platform that has real world usage.  After spending countless hours researching many of the existing altcoins, I’ve yet to see a company that is more promising than Encrypgen (DNA).

Encrypgen Background Information

Encrypgen is a genomic blockchain network that provides customers and partners with best-in-class, next generation, blockchain security for protecting, sharing and re-marketing genomic data. This creates a fair marketplace for a person’s DNA that can be stored privately and sold (if a person wishes to do that). A person’s DNA can also be shared privately and securely with their physician for their personalized care.

Typically, people can send their DNA off to a lab to find out who they are and where they come from. As fun as that might sound, there is a significant security problem…

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Bitcoin

Investors Beware: Another Large Bitcoin Crash Might Be Coming

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Bitcoin crash
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The crypto prices have surged quite high in the last few months. Of course, their progress is nowhere near the one seen in 2017, but they appear to be getting there, one day at the time. However, things might not be as simple as that, and according to recent performance — it is more than possible that a major Bitcoin crash is incoming.

The fact is that cryptos saw a massive amount of growth in a very short period. Bitcoin itself more than doubled its price in only two months. Now, the rally is starting to crash in on itself, and the coin is already about $1,000 lower than last week. If such development does come to pass, a lot of people will experience quite large losses, although experienced investors might find some opportunities, and leverage in order to enhance their holdings’ long-term value.

For example, Bitcoin dominance is expected to crash very quickly, which will work in favor of quite a lot of altcoins. While this does not seem to be the best time to invest in BTC, altcoins are another story, and diversifying a portfolio now might end up being very profitable in days to come.

Bitcoin behavior mirrors the pre-bear market situation

The crash that analysts are predicting right now comes as a direct consequence of all the hype that has been building up in…

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Altcoins

Top 3 Coins to Buy Before They Go Big

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coins
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Crypto bulls are back, that much is clear. The long-lasting, harsh crypto winter is gone, and the new era in digital currency sector opens up some rather interesting opportunities. With many more bull runs expected to come in months ahead, a lot of coins are likely to blow up and maybe even hit new all-time highs, although that still remains purely theoretical.

On the other hand, the fact is that numerous coins are seeing prices that were not achieved since early 2018, and the overall momentum remains bullish. With that in mind, even if new records do not come for a very long time — chances are that many of the coins will blow up enough for investors to see some serious gains in months to come. As a result, investing in some of these coins now might be a very profitable decision, for those who have the patience to wait a few months. Here are some of the projects believed to have the greatest potential to go big in the second half of 2019 and beyond.

1. TRON (TRX)

Putting TRON on the list should not really surprise anyone, as the project constantly comes up with new project updates, partnerships, and alike. It also constantly breaks records, as is becoming one of the biggest players in the dApp and smart contract development sector.

In the past few…

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