Telx technologies launches first crypto-facilitating SIM card

by Osiris Team


Posted on Aug. 24, 2019, 2:35 p.m.
Adoption
Time to read: 2 min
BTC BAB DASH LTC

Cryptocurrency and telecommunications company Telx Technologies announced the launch of the first crypto SIM card wallet that enables transactions via SMS.

The card allows its users to send cryptocurrencies via SMS with their dedicated crypto phone number. Notably, these transactions do not require a smartphone or an active Internet connection. On the other hand, the system also offers no control over a user’s crypto wallet.

The crypto SIM card is available in over 180 countries, allows unlimited SMS messaging and supports Bitcoin (BTC), Litecoin (LTC), DASH, Zcash (ZEC) and Bitcoin Cash (BCH). To execute a crypto transaction via this service, its user can send an SMS to any phone number.

Lastly, the company promises to prevent SIM swapping and phone number porting, to accept transactions originating only from the proper SIM card, to protect the wallet with a dedicated PIN number and to provide backup keys in case of a theft or loss.


Related links:
Source
Like and comment it on:

More cryptocurrency news

Latest news

Wells Fargo pilots a dollar-pegged stablecoin for internal use

US financial giant Wells Fargo is developing a US dollar-linked stablecoin that will run on the firm’s first blockchain platform. The so-called Wells Fargo Digital Cash is planned to facilitate internal cross-border settlements


Adoption Development
All

Sept. 17, 2019, 4:30 p.m.

France will not tax crypto-to-crypto trades

French economy minister Bruno Le Maire has stated that crypto-to-crypto trades will be tax-exempt, according to a report by Bloomberg.


Regulatory
General

Sept. 16, 2019, 3:13 p.m.

France to block development of Facebook’s Libra, says minister

The country’s Minister of the Economy and Finance, Bruno Le Maire, said in new comments that Libra threatens the “monetary sovereignty” of governments


Adoption Development
LIBRA

Sept. 13, 2019, 9:34 a.m.

Binance US plans to begin onboarding customers next week

The largest crypto exchange by volume is making its U.S. debut next week.


Alerts Development
General

Sept. 12, 2019, 12:44 p.m.

Gemini launches custody product with 18 cryptos including Ethereum tokens

The Gemini exchange is launching an institutional-grade crypto custody solution, according to an announcement Tuesday.


Development
All

Sept. 11, 2019, 1:44 p.m.

Follow us