BitSIM - Turning Phones into Bitcoin Wallets
In one of our previous articles, we have discussed about mobile payments and how its adoption is years behind schedule. We also discussed the need for new mobile banking and payment technologies to address not just the developed market, but also the developing markets. If these mobile based services are capable of running on any mobile phone, it can make a huge difference to both the company and the customers alike. It looks like we are reaching there sooner than expected. Following the success of M-Pesa and BitPesa, there is a new kid on the block aiming to revolutionize Bitcoin storage....
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BitSIM is a thin, flexible card that can be stuck on any existing SIM card as an add-on hardware layer. BitSIM converts the SIM card into a fully encrypted bitcoin wallet compatible with a wide range of cell phones, including cheap and unsophisticated feature phones. "BitSIM puts bitcoins on any SIM, on any mobile phone, for mass adoption and frictionless ecosystem uptake," claims the BitSIM website. Users will be able to pay locally with NFC-enabled phones, but also send and receive bitcoin with a simple SMS to other users anywhere in the world. The BitSIM website notes that this simple....
One of the main concerns people have regarding Bitcoin payments is the fact that you always need an Internet connection in order to broadcast transactions to the network. For most of us in the western world, this is not a problem. But in the areas where Bitcoin could do some good — like Africa, and South America — Internet connectivity is scarce, which creates an issue. bitSIM wants to make Bitcoin and blockchain transactions available to anyone anywhere at any time. As the name suggest, bitSIM is a way to put bitcoins on any SIM card, regardless of what mobile phone you are using. If....
Ready to learn more about bitcoin first-hand without losing your hard-earned money? You may be interested in BitSim.net, a just-launched website service that serves as a bitcoin trading simulator. Simulator? Simulator! Upon signing up, you start off with a net worth of $100,000 USD, and you can use that fake money to buy bitcoins and subsequently sell them without the tears of despair. "Our mission is to give everyone an opportunity to familiarize themselves with Bitcoins. Here you can learn, practice, and try out different strategies for trading Bitcoins," says the site's homepage. It's....
Seedcoin and startups BTC.sx, BitcoinATM360, bitSIM, CoinSimple, meXBT share exciting news this Fall! Hong Kong - October 21, 2014 - Continuing their steady pace in launching innovative products and being involved at the forefront of the bitcoin industry, Seedcoin and its startups BTC.sx, BitcoinATM360, bitSIM, CoinSimple and meXBT have exciting news to share during the Autumn months. BTC.sx: The world's first and exclusive platform for trading Bitcoin-only trading, BTC.sx sponsored the Inside Bitcoins London conference (Sept 15-16) alongside Seedcoin recently. The company has since....
It has always been a source of immense pride for me to have been part of the group of conference participants who were there at the initial launch of M-Pesa, back in 2006. Indeed, when I look at what M-Pesa has been able to do in the financial and technological sectors in Kenya, and then Africa, I feel a sense of pride to have been there at the dawn of a financial revolution. Introducing the zSIM. However with the arrival of the zSIM from bitSIM, it now seems that even M-Pesa must now give way to this new kid on the block. bitSIM has announced the release of a new thin card that can be....