Earlier this week, the one-year-old Bitcoin startup Coinbase announced that it has made buying, selling, or trading Bitcoins easier than ever. The company now allows its users to interact with the virtual currency using SMS-based actions. This new feature allows anyone with a mobile device the ability to use Bitcoins for all sorts of things.
To get started, users must simply verify their phone number and then set up a PIN that will be used to verify the transaction during a voice call that is received after the SMS messages are received. Using the virtual currency via SMS is quite easy as users can send a text message using one of the predetermined short codes the company has set up.
Last updated: Apr 7, 2020 at 11:38 am CDT
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