Today, CoinText.io, a service for cryptocurrency transactions via text messages, has launched support for Dash (DASH) and Litecoin (LTC) cryptocurrencies in the United States and Canada.
CoinText is an interesting example of innovation, it is an application that allows users to exchange bitcoin cash coins through text messages. It is difficult to call such a business model completely new. But still it is a rather interesting solution on the market.
CoinText is the first full-featured SMS cryptocurrency wallet that doesn't require apps, accounts, passwords, or the Internet. The service offers frictionless access to the cryptocurrency ecosystem for anyone with an SMS-enabled phone. CoinText is built on a Foundation designed for a complete set of cryptocurrency solutions including contactless payments, money streaming and Internet of things (IoT).
CoinText allows users to instantly send money to anyone with a mobile phone number or crypto address. CoinText users do not need to download the app or register an account to receive funds.
CoinText was launched exclusively on Bitcoin Cash (BCH) in March of this year. BCH currently operates in more than twenty countries. According to the company, there are no immediate plans to expand the Dash and Litecoin service outside the US and Canada.
Thus, while CoinText remains largely focused on developing funds for Bitcoin Cash, it is considering adding support for numerous cryptocurrencies including Bitcoin.
