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Topic: Why launch BTC by SMS? (Read 2215 times)

legendary
Activity: 1582
Merit: 1064
December 08, 2014, 01:31:36 AM
#25
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.
sr. member
Activity: 350
Merit: 250
December 07, 2014, 03:06:16 PM
#24
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.
sr. member
Activity: 406
Merit: 250
AltoCenter.com
December 06, 2014, 11:52:06 AM
#23
Trying something new to revive the mood among the Bitcoin users.
sr. member
Activity: 381
Merit: 250
December 05, 2014, 09:41:10 PM
#22
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...
sr. member
Activity: 406
Merit: 250
December 05, 2014, 06:26:07 PM
#21
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.
legendary
Activity: 1582
Merit: 1064
December 05, 2014, 04:10:45 PM
#20
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
hero member
Activity: 686
Merit: 500
December 04, 2014, 09:16:25 PM
#19
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
legendary
Activity: 1620
Merit: 1000
news.8btc.com
December 03, 2014, 09:40:30 PM
#18
I am helping to do some test here. could someone help?
https://bitcointalksearch.org/topic/m.9724590
sr. member
Activity: 378
Merit: 250
FURring bitcoin up since 1762
December 03, 2014, 12:31:09 PM
#17
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!
legendary
Activity: 1330
Merit: 1001
December 03, 2014, 08:12:31 AM
#16
This would be an interesting concept, if only it were supported in the US, again Sad
But in the us yoi dont need an sms service you can have internet everywhere while in poor countries they don't
hero member
Activity: 686
Merit: 500
fb.com/Bitky.shop | Bitcoin Merch!Premium Quality!
December 03, 2014, 07:54:48 AM
#15
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.
sr. member
Activity: 1428
Merit: 326
Eloncoin.org - Mars, here we come!
December 03, 2014, 07:06:31 AM
#14
This would be an interesting concept, if only it were supported in the US, again Sad
newbie
Activity: 41
Merit: 0
December 03, 2014, 04:41:58 AM
#13
beats passing qr codes around
yeah easily!! Hope it turns out as a huge success..!
full member
Activity: 219
Merit: 100
December 02, 2014, 10:58:01 PM
#12
what the mean? that I would buy bitcoin via SMS on mobile service?
full member
Activity: 196
Merit: 100
The cheddar breed jealousy
December 02, 2014, 10:33:37 PM
#11
SMS > QR CODES
sr. member
Activity: 364
Merit: 250
I'm really quite sane!
December 02, 2014, 08:54:06 PM
#10
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
sr. member
Activity: 378
Merit: 250
be your self
December 02, 2014, 08:33:18 PM
#9
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  Grin
still great idea
full member
Activity: 238
Merit: 100
www.secondstrade.com - 190% return Binary option
December 02, 2014, 07:34:08 PM
#8
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.
hero member
Activity: 821
Merit: 1000
December 02, 2014, 07:10:20 PM
#7
One word "M-Pesa" ..... Just imagine the possibilities of bringing banking to billions of users who currently have no/little access.
legendary
Activity: 3052
Merit: 1047
Your country may be your worst enemy
December 02, 2014, 06:55:13 PM
#6
Does this work? Has someone actually tried it successfully?
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