Exponential Growth: Bitcoin’s Trading Volume Could Rival Major Asset Classes

9m
thebitcoinnews

‘Careless’ Users Are Ruining Ethereum’s Privacy: Paper

15m
cryptonewmedia

Millennials Need to Get Smarter This Stock Market: Ex-Central Banker

15m
cryptonewmedia

Canada Officially Classified Cryptocurrency Companies as Financial Service Businesses

21m
coinidol

Here’s why analysts say Bitcoin’s 14% drop on June 2 is actually healthy for the medium-term trend

27m
cryptoslate

This mining pool’s selling activity suggests Bitcoin is far from being bullish

27m
cryptoslate

Crypto scams are alive and well; CipherTrace reveals $1.4 billion in crypto stolen in 2020

27m
cryptoslate

Real estate is risky and bonds are overvalued, boosting Bitcoin bull case: Blockstream CEO

27m
cryptoslate

$2 trillion asset manager Fidelity: Crypto assets will continue to gain institutional adoption

27m
cryptoslate

These Two Key Factors Show “Fireworks” in the Bitcoin Market Are Imminent

27m
newsbtc

There’s a Crucial $25 Million Bitcoin Buy Wall At $9,500: Downside Limited

27m
bitcoinist

Bullish Sentiments For Bitcoin Reach Fever Pitch Despite $10k Slide

33m
zycrypto

‘Careless’ Users Are Ruining Ethereum’s Privacy:…

1h
cryptonewmedia

Bitcoin Buyers ‘Cannot Ignore’ This 3-Year 70% Returns Hack — Analyst

1h
cryptonewmedia

Dune Network: Creating A Secure and Innovative Ecosystem for Developing Decentralized Applications for Businesses

1h
thebitcoinnews

Crypto Market Update for 4 June 2020: Bitcoin, Ethereum, Cardano, Chainlink

1h
cryptoglobe

Is Ripple in talks with Brazil’s Central Bank on the possible...

1h
zycrypto

Institutional Money Flowing Heavily Into Ethereum Amid Growing Valuation

1h
zycrypto

Ethereum Just Reversed And Likely Gearing For Another Lift-Off To $255

2h
newsbtc

Cryptocurrency News Roundup for June 3, 2020

2h
beincrypto

Bitcoin to Paint ‘Institutional’ Golden Cross That Last…

2h
cryptonewmedia

Ethereum Has Become Bitcoin’s Top Off-Chain Destination

2h
cryptonewmedia

Cardano Price Rallies 60% Following Shelley Proof-of-Stake Upgrade Announcement

2h
cryptonewmedia

Japan FSA: Register Before Giving Advice on Investments

2h
beincrypto

Ethereum Price and Technical Market Analysis June 3rd, 2020

2h
bitcoinnews


Crescent Cash Users Can Now Send Bitcoin Cash Via Text Message

On May 15, the BCH-based and open source Android wallet Crescent Cash launched a new feature that allows people to send bitcoin cash through a text message. The SMS sending service added to the wallet is due to the latest open source API introduced by the crypto startup Cointext.

Also read: Bitcoin Cash Protocol Successfully Upgrades — Schnorr Signatures Are Here

Crescent Cash users can now send bitcoin cash to mobile phone numbers even if they don’t own a BCH wallet. News.Bitcoin.com reported on the Crescent Cash client during the first week of April and explained how the pseudonymous developer Pokkst became frustrated with the BTC network’s current scaling direction. So the programmer ported all of his BTC projects over to the BCH network and has been steadily adding to the Crescent Cash wallet. The Crescent light client available for Android operating systems was the third wallet to introduce Cash Accounts addresses, a system that gives people the ability to pay to a human-readable address instead of a long alphanumeric string. Then, a few weeks later, Pokkst introduced Simple Ledger Protocol (SLP) support to the Crescent client and BCH fans can now store SLP-based tokens in their wallet. Thanks to the open API offered by Cointext, the Crescent Cash wallet can now send BCH to mobile phones.

With the Crescent wallet, people can send BCH through an SMS text message and the funds will be immediately available to be re-spent using the Cointext application.

“Not only can you send to contacts, but you can manually type in a phone number and send BCH instantly, wallet-to-wallet, on-chain, to any mobile phone in the 42 countries Cointext supports,” remarked the Cointext founder and CTO Vin Armani during the announcement. “Now senders don’t need to use SMS to send to phone numbers,” Armani noted. “Nor do they need to maintain a balance at Cointext to use the SMS service.”

Pokkst believes that the Bitcoin Cash protocol works as Bitcoin was originally intended by offering peer-to-peer cash transactions in a permissionless manner. The programmer has detailed that the BTC network’s high fees and unreliable transaction times are infeasible for a healthy medium of exchange. Moreover, the pseudonymous engineer thinks that the Lightning Network scaling solution is far too complex for everyday users. During the announcement Pokkst insisted:

BTC’s Lightning Network is simply too difficult and unstable for the layman to use. If we want Bitcoin to succeed, it needs to have an amazing, yet simple, user experience for the average person — Bitcoin Cash works flawlessly, the way BTC used to.

Here is a video I made using the Bitcoin Cash wallet @crescentcash with @CoinText integration. This #BitcoinCash wallet also has BIP70, Cash Account, and SLP tokens! The phone number is from burner app!!@vinarmani @pokkst pic.twitter.com/38ym6TIrz7

— Wecx (@Wecx_) May 13, 2019

The BCH community was pleased to hear about another wallet that offers Cointext abilities. Electron Cash (EC) lead developer Jonald Fyookball showed interest in adding the concept to the EC light client. The Crescent Cash SMS feature using Cointext also supports BIP70 payment codes, which can be used to pay Bitpay invoices. After the BCH chain successfully upgraded and added Schnorr signatures on Wednesday, the Crescent Cash announcement added to the excitement. “There is so much happening in BCH lately, that I’m getting dizzy,” one user commented on the Crescent Cash announcement post.

What do you think about the Crescent Cash wallet implementing the Cointext API? Let us know what you think about this subject in the comments section below.

Disclaimer: Readers should do their own due diligence before taking any actions related to the mentioned company or any of its affiliates or services. Bitcoin.com or the author is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article. This article is for informational purposes only.

Image credits: Shutterstock, Crescent Cash, and Cointext logos, Twitter, and Pixabay.

Enjoy the easiest way to buy Bitcoin online with us. Download your free Bitcoin wallet and head to our Purchase Bitcoin page where you can buy BCH and BTC securely.

The post Crescent Cash Users Can Now Send Bitcoin Cash Via Text Message appeared first on Bitcoin News.

Regarding any copyrights issue, please contact us:content@hashbee.com.

0 comments