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Facebook scans the photos and links you send on Messenger, and it reads flagged chats

April 4, 2018 |

Facebook Inc. scans the links and images that people send each other on Facebook Messenger, and reads chats when they’re flagged to moderators, making sure it all abides by the company’s rules governing content. If it doesn’t pass muster, it gets blocked or taken down.

The company confirmed the…

L.A. Times – Business

Cointext Launches Beta — Send Bitcoin Cash Without the Internet

March 29, 2018 |

Cointext Launches Beta — Send Bitcoin Cash Without the Internet

This week, the text messaging platform Cointext announced the public launch of its feature service that allows anyone with a mobile phone to transact with bitcoin cash (BCH) without internet services. Cointext uses a phone’s Short Message Service (SMS) protocol, and the beta release can now be tested throughout the US, Canada, South Africa, Switzerland, Sweden, Netherlands, and the UK.

Also read: Crypto Business Is Now Legal in Belarus

Cointext Launches Beta Release Allowing Users to Send and Receive Bitcoin Cash With SMS Technology

Cointext Launches Beta — Send Bitcoin Cash Without the InternetBitcoin cash users now have the ability to send BCH without an internet connection through a mobile phone’s SMS protocol. On March 27, the developers of Cointext launched the public beta version of its platform. The lead developer of Cointext, and also the company’s co-founder and CTO, Vin Armani, announced the launch.

“Cointext is the easiest and most powerful way to spread the use of Bitcoin Cash because it works with any type of mobile phone and you don’t need any knowledge of cryptocurrency to use it,” Armani explained the day of the launch.

The Killer App

Cointext Launches Beta — Send Bitcoin Cash Without the InternetBecause Cointext runs over the SMS communication layer for mobile phones, the platform’s wallet can do things most traditional crypto-wallets cannot. For instance, with Cointext BCH can be sent to a feature phone (Nokia-type) in order to target developing nations. Nearly 2,000 individuals have already signed up for Cointext during a soft launch for private testing. The platform is also giving away free BCH due to the donations provided by the BCH community. While supplies last, Cointext is giving $ 0.50 in bitcoin cash to first time users who text the word ‘CASH’ to the firm’s access number. Other Cointext command lines and instructions can be found on the company’s website.

“Money, or currency, has always been the killer app for bitcoin, not merely a store of value,” Armani emphasizes.

Cointext is delivering the original promise of permissionless, borderless money to the unbanked around the world.

Cointext Launches Beta — Send Bitcoin Cash Without the Internet
Cointext in action.

Cointext Hopes to Gain Billions of Users Worldwide

The development team explains that Cointext does not hold user funds, and all SMS transactions are settled on the BCH network on-chain. The SMS client cannot modify or censor any transactions, and it can’t recover funds if a user loses their phone number. The firm collects roughly $ 0.05 cents worth of BCH for sending messages, and the fee is always the same.

Armani details that Cointext will be looking for feedback during the beta trial from BCH users experimenting with the platform. The co-founder says he hopes the application can be utilized in 54 countries and attract the attention of billions of people.  

“If everything goes smoothly, we’ll launch the next wave of access numbers in April and May, including the first language translations,” Armani adds.

What do you think about the Cointext project? Let us know in the comments below. 

Images via Pixabay, and Cointext. 

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The post Cointext Launches Beta — Send Bitcoin Cash Without the Internet appeared first on Bitcoin News.

Bitcoin News

A Single Word Led Worker to Send Hawaii Missile Alert

January 30, 2018 |

At the root of the false ballistic missile alert in Hawaii were just three little letters: N-O-T. The FCC on Tuesday released the results of its preliminary investigation into the Jan. 13 mishap, and found that the issue was not that a worker mistakenly selected the incorrect item from a…

North Korea to Send Delegation to Winter Olympics, Refuses to Discuss Weapons

January 10, 2018 |

South Korea sought unsuccessfully to raise the North’s nuclear program during bilateral talks, but the two sides reached a deal for Pyongyang to participate in the Winter Olympics and agreed to revive cross-border military communications. What’s News Asia


North Korea to send athletes to Olympics

January 9, 2018 |

North Korea has agreed to send a delegation to next month’s Winter Olympics in South Korea and to hold talks with Seoul to ease military tensions, in the most significant thaw in relations between the neighboring states in years. – RSS Channel – World

U.S. to Send Antitank Weaponry to Ukraine

December 26, 2017 |

President Donald Trump has signed off on a decision to provide Ukraine with lethal defensive weaponry, including portable antitank armaments, in a shift in the yearslong conflict between Kiev and separatists backed by Russia. What’s News Europe

U.S. Plan to Send Javelins to Ukraine Signals Tougher Stance on Russia

December 25, 2017 |

President Donald Trump’s decision to provide Javelin antitank missiles to Ukraine is noteworthy for those trying to divine where the White House may be headed in its policy toward the Kremlin. What’s News Asia

Jobs, Brexit Progress Send Stocks Higher

December 8, 2017 |

Stocks ended higher Friday as investors welcomed a strong US jobs report and progress in Britain’s talks about leaving the European Union, the AP reports. Health care stocks rose more than the rest of the market. Alexion Pharmaceuticals jumped 7.2% after the New York Times reported that an activist…

China to Send Envoy to North Korea After Trump’s Visit to Beijing

November 15, 2017 |

Song Tao, a special envoy of President Xi Jinping, will leave for North Korea on Friday for a visit that will include briefings on last month’s Communist Party congress. What’s News Asia

15K Scientists Send ‘Warning to Humanity’

November 14, 2017 |

Twenty-five years ago, 1,500 scientists signed a letter warning humanity that it needed to change its ways in order to save the planet. A new letter, marking the anniversary of that first message, has so far been signed by 15,000 scientists, and the reason for the tenfold increase…