Topic: Sending Bitcoin through SMS/Text Messaging? (Read 754 times)

There's this system called M-Pesa in some African regions, where you can send money through SMS messaging, but I don't know if that's possible for crypto.

I know some startups are working to make use of blockchain to help the disadvantaged parts of the world, lowering remittances, making transfers easy, quick and borderless. MAMA App is a prototype example. We'll see how&when, but I feel like this is what crypto made for.

Use SMS to send a bitcoin risk will not increase, and if there will be transaction records. No network payment miners can not work, get additional remuneration. However, it is still possible to consider how to pay bits without a network. This is a question worth thinking.

That's the point of this one, to be traced and probably make things much more difficult for potential scammers to use crypto as a means to use bitcoin for something really bad, the scammees that uses SMS though, there's a way to probably stop them from faking stuff that benefits them.

It's hard to do this right now because most online transactions need Internet and SMS hasn't advanced in a long time so it's hard to do that not to mention that we also have to understand that we need to connect the SMS transactions to blockchain and prepare some security measures.

There should be some sort of confirmation if you're worried that it can be abused or used for malicious purposes, it need not to be developed, it's a good concept and it's been tested in different countries before.

i think this will revolutionize the world or trading cryptocurrency, but unfortunately this type of transactions are easily tracked and can be a way of scamming people with it due to sms don't have security keys. but if they find a way to improve the security of this kinds of transactions then this will certainly be a game changer in the world of cryptocurrency

I am not aware of anything like that possible right now, but people have talked about this often times. I think anything about decentralization works best on the internet. You can’t send text message without your network provider, so I don’t know if that is really decentralized. But I think there are apps that allows you to send cryptocurrency when you’re offline, with the help of a Wi-Fi connection between the two parties. Then you can, maybe, send them private keys, although this one doesn’t seem like a good choice for me. And by the way, I think I saw a news that Visa is working on something like this, but not SMS, although they only working with USDT for now.

Well its right there in previous page
https://bitcointalksearch.org/topic/m.53903610

I don't have an idea yet on how it can be possible to send Bitcoin through SMS, although it is possible to send an invoice of your transaction and track your transaction using SMS, it is actually simple in that way, however, if you are to send Bitcoin through SMS, I guess it's possible as long as you have mobile data to back your wallet up and use SMS, I think it's possible, apologies for quite an unclear idea of mine.

SMS may not be the number 1 messaging utility used today because of how advanced we are that everyone uses mobile data and internet instead of using SMS, but if this gets implemented, it's actually a good idea for those who prefer SMS over online transactions.

https://rusnak.io/how-to-send-bitcoin-transactions-via-sms/

As they always say, "where there's a will, there's a way". If the need arises for people to send/receive BTC transactions over SMS/Text messaging in a decentralized manner, you could expect developers to work heavily on the subject. There are many ways to do this limited to one's imagination. As a suggestion, developers could create some sort of "bot" that would communicate with the Bitcoin blockchain via the Internet or using a satellite. Neither the sender or receiver of the Bitcoin would need Internet access whatsoever except for the bot itself which serves as a gateway between the Bitcoin blockchain and the SMS/Text messaging protocol. If something like this ever gets implemented in the future, it'd be a nice alternative against mesh networks, satellites, and even radio waves.

Since it's only possible to send/receive Bitcoin over SMS/Text messaging through a third-party service, our options are limited when it comes to achieving full decentralization/censorship-resistance. Sending raw transactions might work if the other end has an Internet connection to broadcast the transaction to the BTC blockchain. It'll be quite a challenge to send Bitcoin to people worldwide with lack of Internet access (especially people living in third-world countries) using only the SMS/Text messaging protocol. I'm sure that as Bitcoin grows in terms of development and innovation over time, someone will figure out a way how to do this properly without the need to rely on a middleman ever. Just my opinion

Although at first sounds nice and interesting I'm not sure about that idea. It looks too risky to me, without enough security and many possibilities to abuse. But it has potential to be further developed.

Immediately I read this, I felt the possibility of it. To me, I believe it is 100% possible to create some sort of automation that can send people bitcoin through text messages. The wallet must be linked with the phone number and I believe, the phone number would send some set of codes which gives a go ahead for the transaction.
Since internet connection is to be eliminated. A system that can used the text message fee charge to replace the internet connection would be employed..... I'm just saying tho.. But I really believe it's possible.

As per my knowledge, there is jot such service available. However, if such services were available, that would have been a great addition to the crypto community. I can only think about a way.

Create a lite wallet from any provider where you don't need to download the entire blockchain. Load that wallet with required number of bitcoins. Copy the seed words or private key and send that through sms to the recipient. That's the most decentralized way of sending bitcoin through sms that I can think off.

I'm aware that Bitcoin can sent through radio waves, but not everyone will be able to afford the necessary tools or equipment to perform this task. This applies especially to third-world countries where most people are poor with little-to-no-access to technology. A featurephone or basic phone is more accessible as they come in cheap for everyone to use. Maybe in the future, a cellular network company like T-Mobile, AT&T or even Verizon will be able to provide crypto services to their customers using SMS/Text messaging? If people will be able to send/receive Bitcoin through this method in a safe and secure way, the barriers or limitations of a limited budget or lack of Internet access with be a thing of the past.

In my case, I'd prefer to use radio waves for sending/receiving Bitcoin than SMS/Text messaging because it's much more secure. But it'll be a difficult task sending Bitcoin to a person in a third-world country using radio waves because of the aforementioned reasons. Still though, it's a great alternative to the Internet that could further decentralize the pioneer cryptocurrency. We now have satellites, mesh networks, and radio waves for sending/receiving Bitcoin without the need for an Internet connection. But adding SMS/Text messaging in a decentralized manner could be ideal for increasing the widespread usage of Bitcoin in the mainstream world.

So far, sending raw transactions through SMS/Text messaging seems to be the safest (and most affordable way) to send Bitcoin to anyone in the world. The only downside is that the receiver would need to have an Internet connection to broadcast the BTC transaction to the Blockchain. I hope that sometime in the future, developers would find a way to send/receive Bitcoin safely through SMS/Text messaging without requiring an Internet connection on both ends (sender/receiver) in a completely decentralized manner. Just my opinion

This is a wonderful and very innovative concept. I think if this will be really pursued, it will address some of the major concerns of the participators and spectators of Bitcoin. Foremost, I agree with the idea of others that this shall start with the mobile network providers. Network providers are the point persons in making SMS/Text Messaging Bitcoin transactions possible because they will be the one who will design the feature to be incorporated with their services and thus dictate how the transactions would take place. The convenience of cryptocurrency will be up to another level and would benefit not just the privileged users, who have electricity, computer and internet, but those people in deep rural and remote areas. And by then, I guess it would be the start of mass adaptation.

This will be good especially to the remote areas where they don't have access to internet but I haven't heard yet a service that will do this trick. I would love to know also if there are any services like these that are secure and we can assure that our money will reach to our target receiver in just a short period of time.

Because this maybe the solution to the problem of digital payment system as the people who will be having problem in using the digital payment will be those areas who have no electricity and no internet access. So having a phone will really help them to send any payment at any time, the government will just provide them a generator so they can charge their cellphones then they are good to go in using digital payment.

Seriously?
 Technical it is also possible to use morse code or CB (Citizens band) radio.

I heard there are services that offers just that. I hope in our country there would be such a thing. If it would happen then the law should be amended so that it would further protect the sensitive information shared in their platform. This would be great to those people who have no internet access but have a good connection with their telecommunication provider.

At times where you have no internet access at your home or workplace, after typhoon, when landline wasn't paid, and especially at remote areas where waves have a hard time reaching their towers, it is important to have a way to send BTC. Let's admit that though many of us are familiar with how it works, some are still crossing the gap between stable and readily-available internet connection. SMS/text messaging might be a good way but it has disadvantages. Sender might have the error to replace the number of his/her receiver. Also, these text messages can be controlled by the service provider or a third party.

If you are not yet informed, high-frequency radios are now used to send BTC. It doesn't require internet to broadcast their transaction and thus, using a certain application or frequency, Bitcoin can now be sent. I suggest you try this.