Unused Text Messages Are a Gold Mine to Blockchain-Based Startup
- SMSChain will use a consumer app to send cheap messages
- The startup is raising up to $50 Million in a Coin Offering
Five Reasons 'Bitcoin Jesus' Loves the Digital Currency
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With so many mobile-phone plans offering unlimited text messages, it’s easy to think of the 160-character snippets as a cheap commodity. But a Seychelles-based startup, Canopus Technology Ltd., sees a mint to be made from SMS.
The business plan is certain to annoy wireless carriers and raises legal questions, according to researcher Mobilesquared. But Canopus is launching a funding campaign Monday, seeking as much as $50 million through an initial coin offering to fund the technological infrastructure for its app.