Cryptocurrency Short News

Telx Launches SIM Cards to Send Cryptocurrencies Via SMS

news-image

Telx Technologies, a telecommunication company, has introduced the world’s first SIM card to send cryptocurrency via text message. Instead of using a wallet addresses, the agenda is to use a phone number to identify the people involved in a transaction. 

Telx will provide its service to more than 180 countries. The SIM card will support trades in Bitcoin, Litecoin, Dash, Zcash, and Bitcoin Cash. Telx may use a third party wallet Bitgo and add a negligible transaction fee (0.10%). The only concern is Telx is new to the industry and its security is debatable.

Tags
Show More

Disclaimer : The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of Coinpedia. Every investment and trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.

Qadir AK

Qadir Ak is the founder of Coinpedia. He has over a decade of experience writing about technology and has been covering the blockchain and cryptocurrency space since 2010. He has also interviewed a few prominent experts within the cryptocurrency space.

Related Articles

Back to top button
Close
Close