Erik Voorhees, who founded Bitcoin casino SatoshiDice for 45 Bitcoin and sold it a year later for $11.5 million worth of the currency, has now started another company called ‘Coinapult’ which helps customers send Bitcoins to someone’s email address or mobile phone number in the US and Canada.
Thus, rather than selling Bitcoin and making money, Erik Voorhees has started investing in new ventures or startups. Currently, he is based in Panama City and running his new company for more than a year now. He admits that he moved down to Panama City because his target market is the developing nations, and the unbanked population.
Talking about his new venture, Erik Voorhees says that Coinapult is an effort to cash in the market developing nations offer. His website claims that Bitcoin transaction with Coinapult is as safe as the security of the email inbox or mobile phone of the recipient; therefore, it is up to the customers how to protect their email and phone.
Whereas to send Bitcoins customers need to send them to a special Bitcoin account address, when they are doing this with Coinapult, they can simply launch them to anyone. Each transaction is transparent and the recipient will be notified about the same and requested to obtain his coins whenever he wants.
The company claims that it is the first and only system in the whole world that can launch $10,000,000 of value to someone’s email inbox halfway across the world. Regarding the requirement of Bitcoin account for recipient, the organization says that the recipient only needs an email address or mobile phone number.
However, if some recipient wishes to claim his new Bitcoins, he will need a Bitcoin address to send them to. Moreover, as Coinapult is safe, it can be used to send money to email inbox or mobile phone of the recipient without any worry. As has been reported apart from email, Coinapult also sends Bitcoin to phone numbers in the US and Canada.
A spokesperson for the organization says, “Coinapult works with any US. or Canadian phone number that can accept text messages. We’re working on expanding support internationally and help you can keep a balance. Each send must be verified to ensure that your phone sent the request.”
However, he warns that as anyone who has your phone will have access to your funds, so be careful to secure your phone itself.
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