Offline Bitcoin trading? It’s possible

16 May, 2018
by Ryan McInally
News
Offline Bitcoin trading? It’s possible

goTenna, a decentralized communications startup has partnered with Samourai Bitcoin Wallet to create an application that lets users trade Bitcoins even if your phone doesn’t have data or WiFi.

But don’t get too excited, it’s not that simple. First, you’ll need a goTenna mesh device which costs $179 (USD). The device allows your phone to connected with other goTenna users to transmit over a large range without celluar data or WiFi by using UHF frequencies.

This certainly can come in handy when travelling to areas that have shoddy internet service, but there’s another catch. You must be within three miles of another person with a goTenna device and they will need to have internet access.

One example where this device makes practical sense is in Africa where Bitcoin and other cryptocurrencies have seen mass adoption, specifically by some millennials. However, for many Africans getting access to reliable internet is an issue onto itself. According to Bitcoin.com, the top three places inside Africa where trades take place is in the densely populated areas of South Africa, Kenya and Sudan. Countries like Zimbabwe have a tumultuous economy, which has resulted in individuals putting stock in digital currencies as opposed to hard currencies also known as fiat.

Follow Chepicap now on TwitterTelegram and Facebook!

Poll

Would you purchase a goTenna device?

(1 votes)

Add a comment

Check out the latest news

You will be logged out and redirected to the homepage