Coinbase Helps Ordinary Phone Users with Its SMS Based Bitcoin Services

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Coinbase Helps Ordinary Phone Users with Its SMS Based Bitcoin Services
Coinbase Helps Ordinary Phone Users with Its SMS Based Bitcoin Services

Coinbase Helps Ordinary Phone Users with Its SMS Based Bitcoin Services

Now it would not matter whether Bitcoin users have a Smartphone or ordinary phone as transactions can now be done through SMS. Coinbase, just one-year old Bitcoin startup, has started offering Bitcoin banking services to the masses after introducing SMS-based actions. Understanding the huge requirement for SMS based services in second and third world countries, the company’s initiatives are expected to expand its base.

In a blog post on the Coinbase website, the company says that for transactions that affect customers’ Bitcoin balance such as send, buy, and sell, etc. it will confirm the command with a voice call and ask the customers to enter their pin to verify. Customers can check out the full list of commands at the official website of Coinbase. It also invites feedback from the customers regarding the SMS services.

Coinbase Aims to Reach to a Wide Audience

The company claims that it is trying to make Bitcoin easy and accessible to everyone and for it, it is taking several steps, SMS services are one of them. According to the company some of the people who can benefit from Bitcoin the most e.g. people in second and third world countries don’t have a Smartphone; its SMS services are for them.

Coinbase claims that to reach to the people in second and third world countries, it has created an SMS i.e. text messaging interface. Thus, it has enabled people to easily send or buy Bitcoin with their mobile phone. This San Francisco, CA, Bitcoin company is committed to making Bitcoin easy to use for millions of customers around the world.

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Bitcoin to Reach to the Masses

The only way seem for Bitcoin’s success is its wide acceptance; however, for it, the virtual currency needs to reach to all corners of the world. Although, Bitcoin is a high-tech crypto-currency, it has potential to reach to the people in third world countries in Asia, Africa, and Latin America and help them a lot.

Coinbase claims that with SMS services customers on any kind of mobile device will be able to send or buy Bitcoin. However, they will first be needed to verify their number and set up a PIN. The company also provides message codes that customers need to send messages. The organization claims that with 217,000 users and 157,000 transactions per month, it is all set to embark in the business arena.

To contact the reporter of this story: Jonathan Millet at john@forexminute.com