CoinText, a popular SMS cryptocurrency wallet service that started off supporting only bitcoin cash (BCH), has recently added support for two new cryptocurrencies in Canada and the United States: litecoin (LTC) and dash.
According to a press release, CoinText lets users instantly send cryptocurrency to anyone through a mobile phone number or a crypto address. Its goal is to help onboard new users by making it simpler to send and receive cryptocurrency, as there’s no need to download an app or register an account.
The company’s founder and lead developer, Vin Armani, was quoted as saying:
CoinText makes sending cryptocurrency as easy as sending a text message. It's a powerful tool for communities to spread adoption of their cryptocurrency.
Although the service launched exclusively on BCH in March of this year, it’s now expanding to add other cryptocurrencies as it is “coin agnostic,” according to Armani. Despite the move, the service’s founder claimed he still sees BCH as the “leading contender to become money for the world.”
Armani added that CoinText’s ultimate goal is to “empower people to use cryptocurrency as cash.” He justified adding LTC and dash instead of other cryptocurrencies as the communities of these cryptos were “asking for this service for a while.”
To start using it, users in the US and Canada will have to text a specific number “START.” CoinText’s service on BCH is already available in 20 countries, including Spain, the UK, South Africa, Chile, and Australia.
Be the first to introduce your friends to #BitcoinCash by texting money to their phone!
Earn a $BCH beta-test bounty for helping!
Send us a Direct Message on Twitter!
— CoinText (@CoinText) September 26, 2018
Per the press release the company may soon add other cryptocurrencies, including bitcoin (BTC). The development comes at a time in which BCH is surging over Bitmain, a major bitcoin cash proponent, filing for an initial public offering (IPO).
Although bitcoin cash is surging, most other cryptocurrencies have been struggling. As CryptoGlobe covered an analyst has claimed that it’s a “matter of time” before bitcoin drops below the $6,000 support that some claim is its bottom.
This, as the flagship cryptocurrency has been failing to make higher highs every time it bounces off the $6,000 mark. This is seen by analysts as a bearish sign. On the other hand some, like Binance CEO Changpeng Zhao, believe the “bull market will return” any minute.