Bitcoin Cash CoinText.io, a service to process currencies via SMS, has been introduced in Turkey and Argentina. In addition, these countries are affected by debilitating inflation problems, the introduction of a method of conducting transactions with a low barrier to entry into the currency.

CoinText founder and CTO Armani Wine said in a statement that many of these two countries recognize Bitcoin’s power as “better money.” He went on to say that he was excited to provide tools that would allow the flame of the revolution against a corrupt monetary policy to continue to burn.

The indigenous families of these countries have experienced a decline in their ability to pay more than a day in the past. This means that citizens have a large amount of disposable income to set up a service to carry out cryptocurrency transactions.

It is also important to remember that these countries do not have a generalized Internet, which leads to the solution in the form of SMS. Bitcoin cash addresses, without Internet, applications, accounts or passwords. The function of this service in SMS also means that the phones of the late 2000s can also be used, as they have functionality for technology.

The CTO explained:

“Prior to CoinText, you had to download or join a software portfolio to get your first cryptocurrency, and you had to convince your friends to go through the same process.”

The service uses simple commands, such as BALANCE and RECEIVE, that are sent as text messages and display your account balance and the address of the portfolio. In addition, in addition to national numbers, users can send money to foreign numbers, e.g. B. SEND $1 PHONENUMBER. This is ensured by a 2-factor authentication

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