Coinapult Launches Bitcoin by SMS Service: "Use the Currency of the Internet without the Internet"

Coinapult has launched its Bitcoin Bitcoin While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that Read this Term-by-SMS feature, allowing users to send bitcoins with a regular cellphone. Smartphones, data plans and internet access are not required, with Coinapult branding the feature: "Use the currency of the internet without the internet."

According to its website, the company offers a Bitcoin wallet with enterprise-grade security. Its “lock” offering shelters bitcoin holders from price Volatility Volatility In finance, volatility refers to the amount of change in the rate of a financial instrument, such as commodities, currencies, stocks, over a given time period. Essentially, volatility describes the nature of an instrument’s fluctuation; a highly volatile security equates to large fluctuations in price, and a low volatile security equates to timid fluctuations in price. Volatility is an important statistical indicator used by financial traders to assist them in developing trading systems. Traders In finance, volatility refers to the amount of change in the rate of a financial instrument, such as commodities, currencies, stocks, over a given time period. Essentially, volatility describes the nature of an instrument’s fluctuation; a highly volatile security equates to large fluctuations in price, and a low volatile security equates to timid fluctuations in price. Volatility is an important statistical indicator used by financial traders to assist them in developing trading systems. Traders Read this Term by locking holdings “to stable assets like Gold or USD.”

The latest launch can help bring Bitcoin and, by extension, financial flexibility to billions of the world's un-banked--in a sense, more so than with a mobile app. It can be analogized to M-Pesa, a service launched by Vodafone allowing users to transfer money via SMS on mobile networks. Commenters on the announcement debated how bitcoin-by-SMS and M-Peso stack up when it comes to security, particularly from man-in-the-middle (MITM) attacks.

Other Bitcoin businesses offering such functionality include Coinkite and Coinpip.

Two months ago, the company secured $775,000 in venture funding from investors, including FirstMark Capital.