World’s First Decentralized SMS Payments Launched by temtum
- Posted in Transactions
The quantum-secure, efficient, and carbon-neutral cryptocurrency network temtum has announced the launch of its decentralized SMS payments system. As the first network-based SMS payments solution, temtum allows anyone to send cryptocurrency instantly via SMS, with no fees and no need for a smartphone.
To get started, a user need only access the internet once to create a free web wallet, add funds, and link their phone number. Once the user confirms their phone number via SMS, they can send temtum—the network’s cryptocurrency—to anyone else with a mobile phone number. If the recipient does not have a temtum web wallet, the funds are held in a ghost account on the blockchain until they’re able to access the internet to sign up for a web wallet. Once they sign up for a web wallet, their funds instantly appear. Users can also send SMS messages to find out their account history and wallet balance.
“You shouldn’t need a smartphone to use cryptocurrency. We developed temtum as a decentralized network that requires almost zero computational resources or infrastructure. With temtum SMS payments, anyone can send and receive cryptocurrency with no fees and nothing more than a phone number,” said Richard Dennis, Founder and CEO of temtum. “While many others have worked to develop this type of technology, we’re proud to be the first with a fully functional, decentralized, network-based SMS payments solution ready for users to adopt worldwide.”
temtum’s SMS payments have zero embedded transaction costs and are extremely secure, with two-factor authentication and private passwords that are not stored by the network. While other SMS payment systems rely on third-party payment processors, temtum’s SMS payments are network-based and decentralized on temtum’s Temporal blockchain. This protects wallet holders’ funds and transactions from the oversight of corrupt banks and politicians.
The temtum network was designed as a new architecture built from the ground up to transform the way that value is exchanged and stored. temtum can be used on a standalone basis from wallet to wallet, via SMS, or integrated into payment systems worldwide using a simple QR code. To download the temtum mobile wallet, please visit https://temtum.com/wallets.
