Tag: bComm Association

Vin Armani: Bitcoin is always supposed to be instant

CoinGeek’s Stephanie Tower spoke with CoinText CTO Vin Armani about the app’s ability to reach people who otherwise would have no use for blockchain technology, and how similar phenomena are becoming more common.

When one thinks of blockchain, the need for an internet connection is usually implied. However, CoinText makes it possible to transfer sums of Bitcoin Cash (BCH) with only the use of good old-fashioned SMS. The app, currently in public beta release, is already being used for hundreds of thousands of transactions.

“This is the type of thing what we wanted to do with this is we wanted to make a product that was so simple to use, that even somebody’s 70-year-old grandmother who has no experience could easily use it, there’s no signup required, ” Vin Armani, CoinText’s CTO, said.

Because of the use of phone numbers instead of their paired private keys, it is possible to use phones from a decade ago, prior to the popular adoption of the iPhone and Android devices. According to Armani, “This is one of the first times that we’ve been able to have mobile cryptocurrency transfer, and people can even use their old feature phones, you know, the old flip phones.”

Because no signup is needed, one can be brought into the world of Bitcoin “in literally 30 seconds,” he said, noting that, “For us, it’s an adoption engine, really.”

CoinText has been operating initially in English-speaking countries, such as the United States, Canada, UK, Australia and South Africa, among others. To entice customers, a small free amount of BCH is offered for one to start sending.

This shift, from the strictly blockchain world to outside of it, is going to continue, and Armani is confident enough to say, “I’d prefer to take crypto over fiat, over PayPal, over credit cards. I think more merchants will in the future.”

He said that just by virtue of accepting crypto payments, one has an advantage over other merchants. “You’re going to get a whole lot of customers that simply won’t patronize your competitors. So right now there’s a huge competitive advantage like, if we get outside of the technical, of the fees, get outside of all of that, right now is a prime opportunity for merchants to jump in and get all kinds of customers just on a marketing basis, simply by accepting Bitcoin Cash. We’re ready to spend it with them, so as soon as they adopt it, they’re just going to have a flood of the most awesome and loyal customers that they could possibly imagine.”

The future of Bitcoin, in particular, is bright, in terms of mainstream adoption. Armani said, “By far, this is the best chain. Zero-confirmation is probably the most important thing, and Bitcoin was always supposed to be instant,” he said.

If you’re interested in helping the growth of merchant adoption of Bitcoin BCH, join the bComm Association, an industry group that intends to be the focal point for miners, merchants, exchanges, developers and members of the BCH community. Developers and merchants of the Bitcoin BCH community will also be on hand for the first CoinGeek Week happening in London in November. Members of bComm Association can avail CoinGeek Week tickets at discounted prices. To purchase tickets or learn more about CoinGeek Week Conference, visit the official website here.

Note: Tokens on the Bitcoin Core (segwit) Chain are Referred to as BTC coins. Bitcoin Cash (BCH) is today the only Bitcoin implementation that follows Satoshi Nakamoto’s original whitepaper for Peer to Peer Electronic Cash. Bitcoin BCH is the only major public blockchain that maintains the original vision for Bitcoin as fast, frictionless, electronic cash.

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Don’t miss the CoinGeek Week Conference in London this November

What started out to be just a one-day conference has received such a great amount of support that it had to be extended by two additional days. The CoinGeek Week Conference, which will be held at the The Mermaid at Puddle Dock in London in November, is simply one of the most important cryptocurrency conferences of the year and is a must-attend for anyone in the industry, from novices to expert developers. Anyone who understands the importance of Bitcoin BCH and the role in plays in revolutionizing digital currency will benefit from the three-day event.

The historic conference will be held from November 28-30. The leading blockchain and cryptocurrency developers will be on hand to share their experience and expertise, while discussing the advantages of digital currency in a retail environment. Not only is cryptocurrency an additional form of payment, it’s also a way for merchants to increase their revenue.

While attendance on all three days will provide the most benefits, it’s possible to attend a single-day conference based on what area of crypto best suits you. The first day is designed to focus on application development, giving attendees an in-depth understanding of the latest in blockchain technology. There will be a networking event held in the afternoon to allow attendees an opportunity to create new alliances and expand their businesses.

Day 2 is aptly entitled “Application Merchants Day.” The conferences will target how to gain an edge on the competition and how easy it is to integrate Bitcoin BCH to grow your business. The afternoon networking event, as on Day 1, will prove to be extremely beneficial to those wishing to expand their enterprises.

The future of crypto and blockchain technology will be the highlight of Day 3. Learn from the experts, who will talk about what lies ahead for the currency evolution and how it will impact the global financial landscape.

For those who attend all three days, an after-party will be hosted by Calvin Ayre, founder of CoinGeek and Bitcoin BCH pioneer. You’ve never partied until you’ve partied with CoinGeek.

Tickets are available now and space is limited. You can purchase a single-day or a multi-day ticket for a discount, and all tickets can be purchased with Bitcoin BCH. Members of bComm automatically qualify for a discount. Take advantage of this unique opportunity to get ahead and help your business thrive.

Note: Tokens on the Bitcoin Core (segwit) Chain are Referred to as BTC coins. Bitcoin Cash (BCH) is today the only Bitcoin implementation that follows Satoshi Nakamoto’s original whitepaper for Peer to Peer Electronic Cash. Bitcoin BCH is the only major public blockchain that maintains the original vision for Bitcoin as fast, frictionless, electronic cash.

The post Don’t miss the CoinGeek Week Conference in London this November appeared first on Coingeek.