CoinText launches the encrypted payment method based on SMS Bitcoin Cash (BCH) in the Philippines

CoinText, a cryptocurrency portfolio platform that allows BitCoin Cash the transactions to be carried out by text message have been launched in the Philippines

The Philippines is the next official affiliate CoinText. CoinText is a cryptographic platform that allows users to make Bitcoin Cash (BCH) transactions via SMS, without Internet connections, applications or accounts.

The Philippines is full of cryptocurrency activities. This is due to their high influx of remittances and smartphone users. The country as a whole has a weak banking structure and therefore the introduction of cryptocurrency is a welcome improvement.

Service providers for the cryptocurrency network in the Philippines will soon be able to operate as regulated companies. The authorities are paying attention to the internal rules that will govern the use of cryptocurrency in an attempt to give the final touch to the regulations later in the year.

CoinText SMS Service

CoinText will allow the customer to do Bitcoin money transaction directly to their phone numbers or BCH addresses without Internet connections. This will be done by providing a secure text message communication gateway powered by blockchain. This CoinText startup can also be used by people without smartphones.

Investors around the world look at cryptocurrency as a way to store and invest their funds. The exchange rates of legal currencies in many countries have lost their value, this has really helped to increase the cryptocurrency sector.

The CoinText wallet is very easy to use. It works with basic commands such as balance, deposit, sending and withdrawal. The portfolio itself does not store any transaction data. The server works by processing commands using an algorithm. This algorithm regulates transactions directly on the chain.

For example, the new encrypted user can simply get a CoinText wallet in the Philippines by sending SMS START or SIMULAN to 639221101037. Users can receive, send and store their cryptocurrencies via mobile phones. This will help to satisfy the billions of people not accepted all over the world.

The service is designed to allow customers to send, receive and store money via a basic cell phone. This helps provide banking services to billions of people under the counter all over the world.

Other countries are trying to adopt the service

Countries around the world are trying to adopt the CoinText SMS service. At the beginning of last year, CoinText launched platforms in countries such as Ukraine, Italy, Turkey, Argentina, Hong Kong, Israel and the Palestinian territories. This service is now available in 39 countries.

In response to the news, Vin Armani, founder of CoinText, said:

"The ability to send value via SMS is tailor-made for the Philippines, remittances are a large part of the economy, and Filipinos are already major users of cryptocurrency, in particular Bitcoin Cash."