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Title: Why launch BTC by SMS? Post by: Coinapult on December 02, 2014, 05:15:04 PM https://medium.com/@Coinapult/sms-the-next-phase-of-bitcoin-adoption-8c072f05d519
Title: Re: Why launch BTC by SMS? Post by: LiteCoinGuy on December 02, 2014, 05:19:43 PM SMS: The next phase of Bitcoin adoption
Coinapult is excited to announce the re-launch of our SMS Bitcoin service. Coinapult was first to market with Bitcoin by SMS services in 2012. At that point, the service was only available in the US and Canada, it’s now available worldwide.* Mobile phone saturation is much more developed than internet access. Of the estimated 7.1 billion people on earth, an estimated 6.9 billion are mobile phone users versus an estimated 2.8 billion internet users. ... Title: Re: Why launch BTC by SMS? Post by: coinsend on December 02, 2014, 05:32:44 PM And in some African countries, payments by SMS are much more common than credit cards.
Title: Re: Why launch BTC by SMS? Post by: slacknation on December 02, 2014, 07:06:36 PM beats passing qr codes around
Title: Re: Why launch BTC by SMS? Post by: Madness on December 02, 2014, 07:30:05 PM And in some African countries, payments by SMS are much more common than credit cards. Vouch for that , I live in Algeria and even if it's a Rich country with a lot of oil and shit ... We don't have Credits cards. Title: Re: Why launch BTC by SMS? Post by: countryfree on December 02, 2014, 10:55:13 PM Does this work? Has someone actually tried it successfully?
Title: Re: Why launch BTC by SMS? Post by: dasource on December 02, 2014, 11:10:20 PM One word "M-Pesa" ..... Just imagine the possibilities of bringing banking to billions of users who currently have no/little access.
Title: Re: Why launch BTC by SMS? Post by: caga on December 02, 2014, 11:34:08 PM One word "M-Pesa" ..... Just imagine the possibilities of bringing banking to billions of users who currently have no/little access. Mpesa is sufficient in this field, and is definitely suitable for mobile payments. I think its great too. Title: Re: Why launch BTC by SMS? Post by: rayhan on December 03, 2014, 12:33:18 AM One word "M-Pesa" ..... Just imagine the possibilities of bringing banking to billions of users who currently have no/little access. who is M-Pesa ? i think some country with bad internet really need that but how to know bitcoin if have bad internet lol ;D still great idea Title: Re: Why launch BTC by SMS? Post by: Willisius on December 03, 2014, 12:54:06 AM And in some African countries, payments by SMS are much more common than credit cards. This is true, although I don't think they actually use SMS technology, it is some technology that is used on mobile phones though. I think something along the line of SMS payments could potentially be a big innovation for bitcoin. Blockchain.info already offers this to customers of their wallet service - the text that is received by the receiver contains a link for them to get the private key of a newly created address that contains the bitcoin being sent Title: Re: Why launch BTC by SMS? Post by: segvec on December 03, 2014, 02:33:37 AM SMS > QR CODES
Title: Re: Why launch BTC by SMS? Post by: Bejkn on December 03, 2014, 02:58:01 AM what the mean? that I would buy bitcoin via SMS on mobile service?
Title: Re: Why launch BTC by SMS? Post by: lamela on December 03, 2014, 08:41:58 AM beats passing qr codes around yeah easily!! Hope it turns out as a huge success..! Title: Re: Why launch BTC by SMS? Post by: AnonBitCoiner on December 03, 2014, 11:06:31 AM This would be an interesting concept, if only it were supported in the US, again :(
Title: Re: Why launch BTC by SMS? Post by: ikydesu on December 03, 2014, 11:54:48 AM How about the security?
what the mean? that I would buy bitcoin via SMS on mobile service? Quote Our SMS bitcoin service empowers users from around the world to send, receive, lock, and obtain price information with simple text message commands.** A standard feature phone, with no internet access, can now become a powerful tool to enable users to send Bitcoin to any email, phone or Bitcoin address, and hedge Bitcoin’s notorious price volatility using Coinapult Locks. looks like. Title: Re: Why launch BTC by SMS? Post by: rz20 on December 03, 2014, 12:12:31 PM This would be an interesting concept, if only it were supported in the US, again :( But in the us yoi dont need an sms service you can have internet everywhere while in poor countries they don'tTitle: Re: Why launch BTC by SMS? Post by: FUR11 on December 03, 2014, 04:31:09 PM Given the fact that there's a decent GSM coverage in many areas where there still is no reliable (less mobile) Internet data coverage, the idea of transacting BTC via SMS doesn't seem so bad! Heck, the more people that can profit form BTC, the better!
Title: Re: Why launch BTC by SMS? Post by: hl5460 on December 04, 2014, 01:40:30 AM I am helping to do some test here. could someone help?
https://bitcointalk.org/index.php?topic=881635.msg9724590#msg9724590 Title: Re: Why launch BTC by SMS? Post by: scarsbergholden on December 05, 2014, 01:16:25 AM SMS > QR CODES There are some risks to these kinds of services. For example sending via SMS will somewhat centralize bitcoin as the Bitcoin protocol does not support sending money to a cell phone number. Also there are a number of scam services out there that automatically bill your cell phone bill every month for what is essentially nothing Title: Re: Why launch BTC by SMS? Post by: botany on December 05, 2014, 08:10:45 PM This will be big in developing countries.
Right now, mobile penetration has increased to sufficiently high levels, but internet penetration is low. I am not sure if there is any value add in developed countries Title: Re: Why launch BTC by SMS? Post by: Sheldor333 on December 05, 2014, 10:26:07 PM I think it's a good thing. I know there are countries that still have no proper internet access so why not make another way. It's great that someone has done this. It's an amazing idea that will only help Bitcoin.
Title: Re: Why launch BTC by SMS? Post by: bitcoinmining on December 06, 2014, 01:41:10 AM It looks good for spreading BTC around the World, don't think about your own countries guys! We will use QR Codes, NFC and others will use SMS;BTC is going to win at the end I hope...
Title: Re: Why launch BTC by SMS? Post by: bornil267645 on December 06, 2014, 03:52:06 PM Trying something new to revive the mood among the Bitcoin users.
Title: Re: Why launch BTC by SMS? Post by: exoton on December 07, 2014, 07:06:16 PM It looks good for spreading BTC around the World, don't think about your own countries guys! We will use QR Codes, NFC and others will use SMS;BTC is going to win at the end I hope... SMS tends to be more expensive when sending internationally (and generally free domestically). I would argue that SMS payments would be better for sending money domestically. If bitcoin is going to be a mainstream way to send money internationally then the "internet" is almost certainly going to be used to provide bitcoin addresses to send money to by the receiver. Title: Re: Why launch BTC by SMS? Post by: botany on December 08, 2014, 05:31:36 AM It looks good for spreading BTC around the World, don't think about your own countries guys! We will use QR Codes, NFC and others will use SMS;BTC is going to win at the end I hope... SMS tends to be more expensive when sending internationally (and generally free domestically). I would argue that SMS payments would be better for sending money domestically. If bitcoin is going to be a mainstream way to send money internationally then the "internet" is almost certainly going to be used to provide bitcoin addresses to send money to by the receiver. I guess the sms would be sent only locally to the sms provider, even if the money is going to be sent internationally. The service provider would of course use the internet to move the coins. Sending international sms'es to move bitcoins would be a deal breaker. Nobody would use it because of the prohibitive costs involved. |