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2018-6-30 01:46 |
CoinText.io, a blockchain startup developing a way to conduct offline bitcoin cash transactions, just closed a $600,000 seed funding round, the company announced Friday.
Lead by Texas-based Yeoman’s Capital, which has previously invested in Fantom, OpenGarden and tZero, the funding round will be used to develop a mobile wallet which can support bitcoin cash transactions conducted via text messages, without requiring either internet access or wallet addresses, according to a press release.
He said in a statement:
“We are dedicated to making cryptocurrency easy to use for the maximum number of people.
Yeoman’s team brings valuable experience to our mission to deliver useful tools that spread bitcoin adoption far and wide.”
As previously reported by CoinDesk, blockchain startup goTenna developed an intermediary device which can enable mobile phones to conduct offline transactions.
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