Posting on behalf of @Buryfarmer.
Telebit launches a built in bitcoin wallet for telegram users
Key benefits of telegram are:
No sign up procedure
Free bitcoin
50 million users now have a bitcoin wallet
Instant free transfers
Now live on iOS, android, windows phone, desktop, web etc
700+ users already
Telebit 1.0 is a new service that makes it simple to hold and transfer small amounts of bitcoins between phones without the hassle of having to sign up or think about bitcoin addresses. It enables you to send bitcoin to any of your telegram contacts without needing anything from them. They will get a message from telebit saying you’ve sent to them and they can’t refuse it. They then have a balance that they can send to any bitcoin address in the world without any kind of extra validation or sign up. Telebit is one of a number of recent attempts to merge the popularity of telegram with a bitcoin wallet. Getgems and Sendchat have both taken a different approach of forking the telegram client and making their own app meaning their user base is limited to how many people download their app. Telebit leverages the telegram messenger app itself which is well known, tested and available on pretty much every device. Telebit was created and is run by Eric Goforth who previously worked on cexstar.io and Jonathan Harrison who recently left satoshipoint.co.uk
The system has been live for 2 weeks now and we are now satisfied with its feature set and stability.
Telegram messenger is basically a clone of whatsapp but with better security and open source code, they currently have around 50million users.
You can download it here: telegram.org/dl
The beauty of Telebit is that it already works with over 50 million users and on nearly every device. There is literally no sign up procedure and you’ll get some free satoshis to get started with. You can ask it what your balance is now and it will reply to you.
You contact Telebit just by searching for it within the telegram app and sending a message to it.
The Telebit wallet is controlled by messaging simple commands to Telebit.
To find out your balance simply message Telebit “BALANCE”
To find out your bitcoin address simply message Telebit “WALLET”
For a full list of available commands simply message “HELP” to Telebit
How to transfer bitcoin to a contactTo send to one of your contacts click on their name mid conversation, then the menu, then share their details with Telebit. Telebit will then reply to you asking how much bitcoin you wish to send to them.
You and the contact you send to will receive free bitcoin as bonus for introducing them to telebit.
SecurityTelebit is for sending small amounts of bitcoin and your balance is ultimately held in a central wallet managed by Telebit. This means that bitcoin transfers to other telebit accounts is off blockchain and therefore instant and free of miners fees. Of course you can send to any bitcoin address in the world with a command but this will incur miners fees.
Telebit allows you to set up a redirect for your balance when it rises above an amount you are comfortable holding with telebit. For example if your balance exceeds 0.5 btc the excess will overflow to another bitcoin address you control.
Other features that we may implement in the future include basic gambling commands, sponsored messages, free bitcoin faucet in return for viewing ads and the ability to transfer fiat balances aswell as bitcoin.
You can learn more by visiting our website at
www.telebit.orgfollow us at twitter
@telebitsender
@Ericgoforth
@jonnybitcoin
https://www.facebook.com/telebitsender
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