Categories: CryptoNews

Coingate Lets Users Buy Bitcoin With Their Mobile Credit

With the increasing adoption of Bitcoin as a payment currency, making the process of buying Bitcoin more convenient remains a key challenge for service providers. CoinGate is on the right track to do so, though. The company has introduced a new feature that lets anyone buy Bitcoin with a text message or a phone call to a premium number. This is an interesting new feature in the world of Bitcoin that may introduce some positive changes overall.

CoinGate Makes Buying Bitcoin Straightforward

Even though Bitcoin has been around for several years now, a lot of users remain mystified by the process of buying cryptocurrency. Signing up for an online platform, and going through a lengthy verification process makes little sense to most consumers. Moreover, the required documents to verify one’s identity include the exchange of sensitive personal information, which is not something people are all that comfortable with.

Luckily, that may no longer be much of a problem for people looking to buy Bitcoin quickly. The new feature introduced by CoinGate allows users to send a text message or call a premium number to buy small amounts of Bitcoin. In fact, it is a perfect solution for people looking to buy between US$5 and US$100 worth of BTC. More importantly, they no longer have to go through a lengthy verification process, or even to sign up, which is great news.

This new service is made possible thanks to a partnership with DaoPay, an Austrian mobile billing veteran. CoinGate sees the merit of such a service, and they want to expand their presence in the coming years. It is interesting to see Bitcoin payment processing companies partner with mobile service providers, as the outcome could finally make cryptocurrencies universally accessible to all mobile users.

Related Post

It is worth mentioning this service has gone through a stealth launch in the past few days. In fact, CoinGate the service is already operational in nine different countries in Europe: Austria, Belgium, Cyprus, Finland, Germany, Greece, Netherlands, Slovakia, and Spain. The company has the approval to operate in 36 countries so far, and the expansion to other regions will occur in near future. New regions will include the UK, Canada, Australia, and Israel, among others.

It is evident there is a growing demand for convenient gateways to buy Bitcoin. While centralized exchanges will always remain popular, a service based on text messages and premium phone number calls will introduce millions of people to cryptocurrency in a frictionless manner. As a matter of fact, it appears a lot of people often search Google for such a service, yet there is no proper service yet that provides a universal mobile billing solution for purchasing Bitcoin. CoinGate is planning to fill this gap and rapidly expand their presence in this industry.

No one will object to a service that makes it easier for novice enthusiasts to buy Bitcoin for the first time. Clearly, submitting ID verification documents when trying to buy US$50 worth of Bitcoin is too much of a hassle. Using a Bitcoin ATM is an option, yet these machines are only found in very specific locations. CoinGate is definitely on the right track with this new service, and it will be interesting to see how popular it becomes in the coming months. Try out the feature yourself and become one of the first people to Buy Bitcoin with Mobile Credit.

If you liked this article, follow us on Twitter @themerklenews and make sure to subscribe to our newsletter to receive the latest bitcoin, cryptocurrency, and technology news.

JP Buntinx

JP Buntinx is a FinTech and Bitcoin enthusiast living in Belgium. His passion for finance and technology made him one of the world's leading freelance Bitcoin writers, and he aims to achieve the same level of respect in the FinTech sector.

Share
Published by
JP Buntinx

Recent Posts

5 Underrated Metaverse Coins With Great Long Term Potential

Metaverse coins are all the hype these days, with coins like Decentraland and Axie Infinity…

38 mins ago

Ankr Price Up 11% Amid Binance Listing and Polkadot Parachain Integration

Ankr price is up over 11% today, making it one of the biggest gainers on…

5 hours ago

Keep Network Price Up 45% Amid Upcoming Threshold Merger

Keep Network price is up over 45% today, making it the biggest gainer on Crypto.com.…

18 hours ago

Nugenesis Patented Gasless NFT Platform Will Bring Mainstream Adoption

NuGenesis has 4 patents pending for its gasless NFT multi-cross chain system. It sees NFTs…

22 hours ago

Top 5 Metaverse Coins With Fully Functional Apps to Watch In 2022

The hottest trends in crypto right now are meme coins and metaverse projects. With Facebook's…

23 hours ago

How to Identify and Report Cryptocurrency Scams

With crypto going mainstream, there are a lot of scams popping out. While buying certain…

1 day ago

This website uses cookies.