CoinText has Recently Launched its Services in Bangladesh
CoinText Supported in 38 Countries
CoinText recently announced the launch of its services in Brazil and three other European markets. Going by this, the total number of countries supported by the application now stands at 38.
A recent report shows that: “Bangladesh has about 21 percent mobile phone penetration and a
This figure is however expected to double in about 7 years time. These predictions were made by GSMA (the global GSM association).
According to CoinText’s founder and CTO —Vin Armani, Bangladesh has several qualifying characteristic which makes it perfect.
Armani confirmed this in a statement which reads:
“Very few people have smartphones or cellular data in Bangladesh. CoinText enables basic feature phones to access international currencies like bitcoin using SMS.”
He further stated that:
“They now have the ability to move value from one phone to another without Internet or the friction of opening bank accounts.”
Although a startup, CoinText now supports customers from 38 countries, cutting across many continents. This includes clients located in Ukraine, Italy, Colombia, Latin America, Europe, Ocean, Asia, and North America.
Key Features
The press release also described some of the key features of the
It was stated therein that:
“CoinText enables users to send money to mobile phone numbers in 38 countries or any BCH address. Transactions are nearly instant and only cost pennies. Recipients don’t need to download a wallet or take any action to receive transfers, and funds are immediately available to be re-spent.”
