“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 application can disrupt the $1 trillion remittance market, which is poorly served by companies such as Western Union.
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