Bitcoin Cash SMS Wallet CoinText Expands To Colombia And Dominican Republic

News | December 11, 2018 By:

Crypto wallet CoinText has expanded its SMS Bitcoin Cash wallet service in Colombia and Dominican Republic. With the latest expansion, the service is now available in 37 countries.

CoinText claims to be a full-featured cryptocurrency wallet that doesn’t require apps, accounts, passwords, or Internet. The service offers frictionless onboarding to the cryptocurrency ecosystem for anyone with a text-enabled phone. CoinText is built on a foundation designed for a full suite of cryptocurrency solutions including touchless payments, streaming money, and for the Internet of Things (IoT).

With its expansion in Colombia and Dominican Republic, users in these countries will now be able to communicate with their wallet in Spanish or 20 other languages. Users in Colombia can get a CoinText wallet by texting BCH INICIAR to 85668, while users in Dominican Republic can transact BCH through texting to the number 7400. To check their CoinText balance, users can use the SMS command BCH SALDO, and to display their wallet address, they should text BCH RECIBIR. The command BCH AYUDA gives users instructions to use the wallet.

“With CoinText you can send any amount of money to almost any mobile phone in the world for pennies,” said CoinText founder and CTO Vin Armani. “No permission or account needed. Just a cell signal and a basic mobile phone.”

With hyperinflation wreaking havoc in Latin America, crypto users and businesses are coming together to take on the authority and create a system that works for the people. They believe cryptocurrencies offer a unique safe haven against government actions that could negatively weigh on citizens’ economic sovereignty.

“Economic refugees from Venezuela are flooding over the border into Colombia,” said Armani. “CoinText provides them with an easy way to use cryptocurrency to combat hyperinflation and trade with each other.”