SMS Cryptocurrency Wallet CoinText Adds Support for Dash and Litecoin

  • CoinText has recently added support for LTC and Dash.
  • The service launched supporting only BCH with the goal of making sending and receiving cryptocurrencies easier.

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.

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.

Crypto Market Update: Ethereum (ETH), XRP, Bitcoin Cash (BCH), and Chainlink (LINK)

Siamak Masnavi

This article provides: an overview of how Ethereum (ETH), XRP, Bitcoin Cash (BCH), and Chainlink (LINK) has been doing over the past 24-hour period; a recap of interesting recent news that might have affected their prices (or might do so in the future); and recent useful observations from Crypto Twitter regarding these cryptocurrencies.

To give you a rough idea of how well the crypto markets are doing today, 13 out of the top 20 cryptoassets (by market cap) are currently in the green (against the dollar). 

All market data used for the price charts in this article was taken between 15:30 UTC and 16:00 UTC on 22 October 2019 from CryptoCompare, which also generated the price charts shown in this article.

Ethereum (ETH)

ETH-USD 24 Hour Chart - 22 Oct 2019.png

Since October 16, ETH has been trading between $170 and $180. 

Earlier today, Hudson Jameson, Community Manager at Ethereum Foundation, said on Twitter that he is not happy with Ethereum's current governance structure and asked the crypto community for suggestions on how it could be improved:

Ethereum Foundation researcher Vlad Zamfir had this say in his reply to Jameson's tweet:

XRP

XRP-USD 24 Hour Chart - 22 Oct 2019.png

Although XRP is up only slightly down, in the past 30-day period, the XRP price has risen 6.96%. 

Earlier today, Ripple announced that it had expanded its global regulatory team and opened an office in the heart of Washington, DC. Furthermore, Craig Phillips, former Counselor to the Secretary at the U.S. Treasury Department, is now part of Ripple's Board of Directors. Lastly, Ripple has become a member of the Blockchain Association, and Michelle Bond, Ripple’s Global Head of Government Relations, will be sitting on its board.

Bitcoin Cash (BCH)

BCH-USD 24 Hour Chart - 22 Oct 2019.png

On October 17, CryptoGlobe reported that Changpeng Zhao (aka "CZ"), Co-Founder and CEO of Binance, the world's largest crypto exchange by trading volume, had proposed (on the Binance community forum) the idea of listing BCH on Binance DEX, Binance's decentralized exchange platform.

In his post on the Binance community forum, CZ said that Binance was proposing to list (on Binance DEX) BCH-1FD, "a pegged token that tracks the value of the native asset of the Bitcoin Cash" to allow "Binance DEX users to trade BCH on the DEX." CZ went on to say:

BCH-1FD is backed by real BCH assets, and Binance, the largest cryptocurrency exchange, will provide conversion between BCH and BCH-1FD through deposit/withdraw. As such, there isn’t much development work in this token or any potential of conflict of interest.

Yesterday, Binance announced that Binance DEX had listed this new token (i.e. BCH-1FD) and that trading in the pair BCH/BNB had gone live. Since then, there have been 2116 transactions.

Chainlink (LINK)

LINK-USD 24 Hour Chart - 22 Oct 2019.png

Chainlink continues having a great October, going up almost 10% today (highest gainer among the top 20 cryptoassets).

Chainlink continues to impress the crypto markets with a non-stop flow of partnership announcements; the latest one came yesterday when blockchain startup Ultrain announced via a blog post that it "will officially integrate with the Chainlink oracle network."

Chainlink's highly impressive return on investment (ROI) figures for the past seven days, 30 days, three months, and one year are +16.04%, +52.82%, +15.71%, and +607.18% respectively.

 

Featured Image Credit: Photo via Pixabay.com