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Telx Launches SIM Cards to Send Cryptocurrencies Via SMS

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.

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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.

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