Tag Archives: United States

Accessing the Money of the Future with Technology of the Past

While most of us in the cryptosphere have a pretty good handle on the mechanics of cryptocurrency, the rest of the world is still scratching their heads over it. The widespread ignorance of cryptocurrency poses a huge impediment to its global adoption, especially in parts of the world where reliable access to the Internet and the availability of smartphones is not consistent. However, CoinText, a new crypto wallet service whose user interface runs on the SMS network may be the key to bridging that gap.

The functionality of Cointext is similar to many other automated SMS-based platforms one might use such as online banking and promotional campaigns. Anyone can generate a seed for a Cointext wallet by texting a valid command to one of the service’s access numbers. The user can then enter additional commands to check their balance, send and receive digital assets, and so on. Currently, the platform only supports Bitcoin Cash and all transactions are immediately settled on the BCH blockchain via Cointext’s proprietary algorithm to translate the SMS commands to post to the blockchain.. .

The US-based fintech company launched the beta version of its platform last month and currently only offers access numbers for six countries (the US,.Canada, Australia, South Africa, the UK, Switzerland, Sweden and the Netherlands). Users outside of these six countries are still able to use the service by texting one of those countries’ access numbers.

Cointext’s unique wallet differs from traditional mobile crypto wallets mainly because Its SMS-based platform makes the service accessible to users of older, more basic mobile phones regardless of whether the devices are connected to the Internet. Users can view their BCH address by texting RECEIVE to an access number and can send funds either in the amount of BCH or in the amount of five different fiat currencies.

Users’ BCH addresses are linked to their phone numbers which allows for users to send BCH to other Cointext users using only the recipient’s cell phone number without ever having to see the recipient’s public key. Users can also delete their text chat history as a means of hiding evidence of a crypto wallet from law enforcement who may search their phone. Doing this does not affect their wallet at all.

As is the case with any developing technology, the platform is not without some security flaws. Users’ BCH addresses and by extension, their private keys, are linked to their phone numbers. This poses a serious problem as Cointext currently offers no resolution for the loss of funds if a user changes their phone number or loses their phone.

This revolutionary crypto service is particularly beneficial to billions of people in developing countries where neither smartphones, traditional bank accounts or consistent Internet access are common

Cointext plans to launch a wave of access numbers for additional countries next month and is looking for feedback from the 2,000 people experimenting with the beta version. The development team also plans to implement support for non-English speakers in the next version of the platform. From there, Cointext may become the first of many such services to introduce various digital currencies to the rest of the world.

Mario Costanz Interview – Crypto Tax Prep

Mario Costanz joins JJ to talk about crypto and taxes. Mario has been successful building a U.S. tax prep company called Happy Tax. After discovering cryptocurrency in 2016 he found that tax services for digital asset enthusiasts were nonexistent. Mario has since been building CryptoTaxPrep.com to fill that niche.



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or Direct Download this episode as an MP3 – NeoCash Interview with Mario Costanz


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Music: “March Madness” by Jahzzar


The book Crypto Taxes Made Happy: The Definitive How-To Guide For Preparing Cryptocurrency Tax Returns In The United States can be found here for paperback and here for the digital copy.

Visit CryptoTaxPrep.com


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Centra Card Interview with President Sam Sharma

Update April 3rd 2018:  The SEC has charged Centra founders with fraud.  Be careful!

In this special episode of Neocash Radio JJ interviews Sam Sharma the co-founder and president of Centra. The Centra Card is a cryptocurrency based debit card that will allow users to spend Bitcoin, Dash, Ether, ERC 20 tokens, Ripple, Zcash, Monero, and Litecoin. US customers would receive a VISA card and international customers would receive a MASTERCARD — the Centra Card would be linked to a wallet app which could be loaded with crypto.

Sam describes his personal experience with crypto and how the Centra company has been self-funded thus far. After operating for more than a year in secret the company announced their presence in July.

The product is currently running a beta test and will be launched before the end of the year. The CTR token sale is ongoing as of this posting. Centra’s CTR token would facilitate rewards for cardholders and token holders alike — much like other crypto debit cards.

Finally Centra is also building a cryptocurrency based marketplace called C-Bay. Sam indicates that at launch there will be more than 100,000 products available for purchase.

Visit Centra.tech


Stream this podcast episode:

or Direct Download this episode as an MP3 – Centra Card Interview with President Sam Sharma


Tips appreciated!
BTC Address: 1MmFwDeZPgxJ4GyzbfmZVLJv3aZcpxSfR5
ETH Address: 0xe4689EF88F239C6eed1Ff262876e2499495c1617
DASH Address: XtLEPo6DKeu45e2czdHLEb5EzJRVDz2aLZ
NXT Address: NXT-TT49-WV65-HZJA-5EJF9
BCH Address: 173ADKUvvRcSmb9tnKiYAMQAoB6RhsgQQd

Ep186: Central banks destroy money, A.I. runs a hedge fund, and the “Welfare Cliff”

Pedro joins Darren, JJ, and Randy in-studio to talk about cryptocurrency mining. The European Central bank will do less quantitative easing in the future. The Federal Reserve raises a key interest rate to curb price inflation. Numerai is paying anonymous coders bitcoin to help create an artificial intelligence hedge fund brain. Coinbase loses the court battle but a user is stepping up to stymie the efforts of the IRS. Dash now has its first BitPay-like service. Zero knowledge Proofs and zkSNARKs. Randy has a report on the welfare cliff and how mobile commerce is helping lift people out of poverty.

All this and more on the Neocash Radio podcast, episode 186 — Wednesday December 14th, 2016!

We’ve written out short overviews of the topics discussed on today’s show below! Be sure to listen in to the whole podcast to get more information, insights, and thoughts on each of them from JJ, Darren, and Randy!

Stream this podcast episode:

or Direct Download the podcast as an MP3 – Neocash Radio episode 186


Tune in to Neocash Radio every Wednesday night and
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Traditional Markets Crypto Markets
Gold $1,143 Bitcoin (BTC) $773
Silver $16.80 Litecoin (LTC) $3.58
Oil $50.77 Zcash (ZEC) $43.73
Dow Jones 19,792 points Ethereum (ETH) $8.20
30Y UST Yield 3.179% DASH $9.08
Euro (EUR) $1.05 Monero (XMR) $8.39
Chinese Yuan (CNY) $0.14 Augur REP $3.08
British Pound (GBP) $1.25 1 Doge = 1 Doge

Continue reading Ep186: Central banks destroy money, A.I. runs a hedge fund, and the “Welfare Cliff”

Ep183: America’s Got Debt, Russia Loves Gold, Bitcoin Mempool Peaks, Trump Dumps TPP

U.S. national debt spirals out of control. Trump will quit the TPP and have a hand in shaping the Federal Reserve’s Board of Governors. Trump being in NYC is allegedly costing $1 million a day just in NYPD costs! Russia is buying up gold in a major way. The IRS wants to go fishing through Coinbase accounts. The Bitcoin Mempool is peaking just in time for the holidays. ChangeTip to shut down despite being popular. Overstock is set to sell the first stock shares over a blockchain. Ethereum fork number 4 is a success! Global gasoline demand likely peaking as electric cars become more popular and affordable.

All this and more on the Neocash Radio podcast, episode 183 — Wednesday November 23rd, 2016!

We’ve written out short overviews of the topics discussed on today’s show below! Be sure to listen in to the whole podcast to get more information, insights, and thoughts on each of them from JJ, Darren, and Randy!

Stream this episode:

or Direct Download the MP3 – Neocash Radio Episode 183


Tune in to Neocash Radio every Wednesday night and
RETWEET ALL THE THINGS @NeocashRadio!

Subscribe to Neocash Radio
on iTunesSoundcloudStitcher/ YouTubeGoogle Play & iHeartRadio!
We’re also on Tunein, Player.FM, Overcast.FM, Podcast Addict, Blubrry, LBRY and more!


Traditional Markets Crypto Markets
Gold $1,188 Bitcoin (BTC) $741
Silver $16.34 Litecoin (LTC) $3.89
Oil $47.94 Zcash (ZEC) $84.88
Dow Jones 19,083 points Ethereum (ETH) $9.67
30Y UST Yield 3.024% DASH $8.40
Euro (EUR) $1.06 Monero (XMR) $7.75
Chinese Yuan (CNY) $0.14 Augur REP $4.43
British Pound (GBP) $1.24 1 Doge = 1 Doge

Continue reading Ep183: America’s Got Debt, Russia Loves Gold, Bitcoin Mempool Peaks, Trump Dumps TPP