TelX launches SIM cards to send Bitcoin via SMS

posted 21 days ago
Telecom company Telx Technologies reportedly launched the world’s first SIM card to send Bitcoin via text message. Instead of using wallet addresses, it uses a phone number to identify the people involved in a transaction.

Telx reportedly provides its service to 180 countries and supports trades in Bitcoin, Litecoin, Dash, Zcash. Telx may use a 3rd party wallet (Bitgo) and add a transaction fee (0.10%). Critics argue Telx is new to the industry and its security is debatable.
Tags: blockchain, bitcoin, news