37COINS TO MAKE BITCOIN TRANSACTIONS SIMPLER

Bitcoin, the currency of the internet, promised to revolutionize how we handle finances, offering decentralized, worldwide transactions.But for many, especially those without reliable internet access or the tech-savviness to navigate complex wallet interfaces, the promise remained largely unfulfilled. For example, accidentally sending Shiba Inu to a Bitcoin address will result in lost SHIB tokens. This is why it s crucial to pay attention to every number you enter. We have a guide on how to buy Bitcoin if you require. Before finalizing your transaction, review the exchange s terms and conditions and any applicable rules or disclaimers.Enter 37coins, a startup with a bold vision: to make Bitcoin transactions simpler, particularly for the unbanked and under-teched populations in developing economies. Bitcoin addresses you generate are kept forever. A bitcoin address must be kept to show ownership of anything sent to it. Transactions 3.48 TPsImagine being able to send and receive Bitcoin via simple SMS commands, using just a basic feature phone.That was the core idea behind 37coins, aiming to bridge the digital divide and bring the power of cryptocurrency to those who needed it most.

Founded in 2025, 37coins quickly gained traction, participating in prestigious accelerator programs and forming partnerships in regions like Singapore and the Philippines.Their innovative SMS wallet system, accessible through any mobile phone capable of sending text messages, presented an attractive alternative to the more cumbersome traditional Bitcoin wallets.However, despite its initial promise and the dedicated efforts of its founders, the project ultimately faced significant challenges and ceased active operations. the transaction and to earn fee. Launched in March, 37coins has growing partnerships worldwide in Singapore and Philippines and hopes to make bitcoin more accessible to the global population with its seamless SMS technology.This article delves into the history of 37coins, exploring its innovative approach, its successes, the obstacles it encountered, and the valuable lessons we can learn from its journey.We'll also look at how the Bitcoin landscape has evolved and what solutions are available today to further simplify Bitcoin transactions.

The Vision Behind 37coins: Bitcoin for Everyone

The core concept behind 37coins was remarkably simple yet profoundly impactful.Recognizing that a significant portion of the global population lacked consistent internet access or sophisticated smartphones, the founders sought to leverage the ubiquity of SMS technology to enable Bitcoin transactions.

• Reaching the Unbanked: The primary goal was to provide financial services to the unbanked, allowing them to send and receive money, participate in the digital economy, and potentially improve their financial well-being.
• Simplifying Bitcoin Transfers: By using SMS commands, 37coins eliminated the need for complex wallet interfaces, making Bitcoin accessible even to those with limited technical skills.
• Overcoming Infrastructure Limitations: The SMS-based system bypassed the need for reliable internet connectivity, a major hurdle for many in developing economies.

This vision resonated with many, as evidenced by the early interest and support the project received. 37coins aimed to be more than just a Bitcoin wallet; it aspired to be a gateway to financial inclusion.

How 37coins Worked: SMS Wallets and Gateways

The functionality of 37coins centered around its SMS wallet system, aptly named ""SMSwallets."" Here's a breakdown of how it operated:

1. SMS Commands: Users interacted with their Bitcoin wallets by sending simple text message commands from their mobile phones.
2. SMS Gateway: 37coins developed an SMS gateway that translated these SMS commands into Bitcoin transactions on the blockchain.
3. Bitcoin Wallet Integration: The system allowed users to send and receive Bitcoin to and from any Bitcoin wallet, regardless of whether it was another SMSwallet or a more conventional wallet.
4. Security Considerations: While convenient, the SMS-based approach also raised security concerns, which the 37coins team addressed through various measures, such as PIN codes and transaction limits.

Consider this example: a user could send Bitcoin to a friend by simply texting ""SEND [amount] [recipient's Bitcoin address] [PIN]"" to a designated 37coins phone number.The SMS gateway would then process the transaction and update both the sender's and receiver's wallets.

37coins' Journey: From Startup to Sunset

37coins' journey was marked by both promising beginnings and eventual setbacks.Let's explore the key milestones:

• Early Success and Funding: Founded in 2025 by Songyi Lee, Johann Barbie, and Jonathan Zobro, 37coins quickly attracted attention and secured seed funding to develop its platform.
• Partnerships and Expansion: The company established partnerships in Singapore and the Philippines, aiming to expand its reach and impact in developing economies.
• Challenges and Limitations: Despite its innovative approach, 37coins faced significant hurdles, including regulatory complexities, security concerns, and the difficulty of scaling an SMS-based Bitcoin service across diverse regions.
• Discontinuation of Service: In 2025, 37coins announced that providing Bitcoin transfer across different regions proved to be impossible and the service was ultimately discontinued.

Several factors contributed to the project's eventual sunset. Once a person understands the basic steps of Bitcoin, sending or receiving it is as straightforward as using any digital payment service. This guide breaks down how to make a first Bitcoin transaction in a simple, beginner-friendly way, ensuring the first experience is seamless and secure.The rapidly evolving Bitcoin landscape, with the emergence of more user-friendly wallet options and the increasing availability of internet access, likely reduced the demand for an SMS-based solution.Additionally, the complexities of managing a global SMS gateway and navigating the regulatory landscape in different countries proved to be significant challenges.

Lessons Learned from 37coins: Innovation and the Real World

While 37coins may no longer be active, its story offers valuable insights for anyone involved in cryptocurrency or financial inclusion:

• Accessibility is Key: The project highlighted the importance of making Bitcoin accessible to everyone, regardless of their technical skills or access to technology.
• Simplicity Matters: The focus on simplifying Bitcoin transactions through SMS commands underscored the need for user-friendly interfaces and intuitive user experiences.
• Technology Alone Isn't Enough: While technology can play a vital role in financial inclusion, it must be complemented by other factors, such as regulatory support, security measures, and a deep understanding of the target audience.
• Adaptability is Crucial: The Bitcoin landscape is constantly evolving, and projects must be able to adapt to changing technologies, regulations, and user needs.
• Understanding Market Needs: Even with a novel idea, the practicality and financial viability must be carefully considered. That way, you can discover simple buying methods that fit your investing needs. You can consider: PayPal; Telegram; Credit/Debit Card; PayPal. If you want to know how to buy BNB in the US easily, PayPal offers a quick alternative. While you can t purchase BNB directly within the app, you can buy Bitcoin or another crypto. Then, you llCan the platform scale and generate revenue? 79 votes, 17 comments. 5.9M subscribers in the Bitcoin community. Bitcoin is the currency of the Internet: a distributed, worldwide, decentralizedIs the target audience truly reliant on this solution?

37coins' experience serves as a reminder that innovation is not always enough. Pseudonymity: While not completely anonymous, Bitcoin transactions are linked to addresses rather than personal identities. Immutability: Once recorded on the blockchain, Bitcoin transactions cannot be altered or reversed. Borderless transactions: Bitcoin can be sent anywhere in the world, regardless of geographical boundaries.Successful projects must also address real-world challenges, navigate complex regulatory environments, and adapt to changing market conditions.

The Evolution of Bitcoin Transactions: Simplicity Today

Since 37coins' early efforts, the Bitcoin landscape has undergone significant transformations.Here are some of the key developments that have contributed to simpler Bitcoin transactions:

• User-Friendly Wallets: Numerous Bitcoin wallets now offer intuitive interfaces and simplified transaction processes, making it easier for newcomers to get started.
• Mobile Wallets: The proliferation of smartphones has led to the development of mobile wallets that allow users to send and receive Bitcoin from anywhere with internet access.
• The Lightning Network: This second-layer scaling solution enables faster and cheaper Bitcoin transactions, making it more practical for everyday use.
• Simplified Exchange Platforms: Platforms like Kraken, PayPal and others allow users to buy, sell, and send Bitcoin with ease, often with user-friendly interfaces and simplified processes.

These advancements have made Bitcoin transactions significantly simpler and more accessible than they were in 2025. Making a simple destination for Bitcoin newbies to make digital currency transfers worked in the short-term. 37Coins started off fast and was an attractive alternative to massive walletHowever, challenges remain in reaching the truly unbanked and under-teched populations, highlighting the ongoing need for innovative solutions.

Alternative Solutions: Bringing Bitcoin to the Underserved

While direct SMS Bitcoin wallets may not be the dominant solution today, there are other approaches being explored to bring cryptocurrency to underserved communities:

• Community-Based Initiatives: Local organizations are providing education and support to help individuals understand and use Bitcoin in their communities.
• Offline Bitcoin Wallets: These solutions allow users to store and transact Bitcoin without needing constant internet access, relying on periodic synchronization with the blockchain.
• Mobile Money Integration: Integrating Bitcoin with existing mobile money platforms can provide a convenient and familiar way for people to access and use cryptocurrency.
• Blockchain Education: Educating people about the benefits and risks of Bitcoin is crucial for fostering adoption and ensuring responsible use.

These alternative approaches, often tailored to specific local contexts, offer promising avenues for expanding Bitcoin access and promoting financial inclusion.

Understanding Bitcoin Transactions: A Step-by-Step Guide

Even with simplified wallets, it's helpful to understand the basic steps involved in a Bitcoin transaction:

1. Get a Bitcoin Wallet: Choose a wallet that suits your needs, considering factors like security, user-friendliness, and supported features.
2. Obtain a Bitcoin Address: Your wallet will generate a unique Bitcoin address, which is like your account number for receiving Bitcoin.
3. Initiate a Transaction: Enter the recipient's Bitcoin address and the amount of Bitcoin you want to send.
4. Pay the Transaction Fee: Bitcoin transactions require a small fee to be processed by the network. 37Coins developed a new Bitcoin platform. In 2025, they announced that providing Bitcoin transfer across different regions proved to be impossible. Learn how to validate your startup idea by pre-selling it, for only $80 (includes a free 1-hour consultancy call).The higher the fee, the faster the transaction will typically be confirmed.
5. Confirm the Transaction: Review the transaction details and confirm that everything is correct.
6. Wait for Confirmation: Once the transaction is broadcast to the network, it needs to be confirmed by miners. A Bitcoin transaction is a process of transferring Bitcoin from one digital address to another. It involves moving a specific amount of Bitcoin from the sender s wallet to the recipient s wallet. Each transaction gets recorded on the blockchain, which acts as a public ledger, keeping a secure and transparent history of all transfers.This process can take anywhere from a few minutes to several hours, depending on the network congestion and the transaction fee.

While these steps may seem complex at first, most modern wallets simplify the process significantly, providing user-friendly interfaces and automated fee calculations.

Addressing Common Questions About Bitcoin Transactions

Here are some common questions people have about Bitcoin transactions:

What is a Bitcoin address?

A Bitcoin address is a unique string of characters that identifies a specific Bitcoin wallet. 37coins - Bitcoin Wallet for the Low-teched and Unbanked. This company is not active anymore. Raised funding over 1 round from 4 investors. Founded by Songyi Lee, Johann Barbie and 1 other in the year 2025. 37coins has 561 competitors.It's like your account number for receiving Bitcoin.

How long does a Bitcoin transaction take?

The time it takes for a Bitcoin transaction to be confirmed can vary depending on the network congestion and the transaction fee. The new Bitcoin wallet platform 37coins.com is positioned as a new and safe way to transfer funds without any unnecessary complications.Typically, it takes between 10 minutes and an hour, but it can sometimes take longer.

What is a Bitcoin transaction fee?

A Bitcoin transaction fee is a small fee paid to the Bitcoin network for processing your transaction.The fee incentivizes miners to include your transaction in a block.

Are Bitcoin transactions reversible?

No, Bitcoin transactions are generally irreversible once they have been confirmed on the blockchain.This is one of the key features of Bitcoin, but it also means that it's important to be careful when sending Bitcoin to ensure that you enter the correct address.

The Future of Bitcoin Simplicity: What's Next?

The quest for simpler and more accessible Bitcoin transactions is an ongoing journey. In fact, the company is banking on it. 37Coins plans to make money as a 'white label' solution for regional operators: offering use of the SMS-based wallet system in return for a cut ofHere are some potential future developments:

• Further Improvements to Wallet User Interfaces: Expect to see even more intuitive and user-friendly wallet interfaces, making it easier for newcomers to get started.
• Increased Adoption of the Lightning Network: The Lightning Network has the potential to significantly improve the speed and cost of Bitcoin transactions, making it more practical for everyday use.
• Integration with Existing Financial Systems: As Bitcoin becomes more mainstream, expect to see greater integration with existing financial systems, such as banks and payment processors.
• More User-Friendly Education Resources: Clear and accessible educational resources are crucial for helping people understand Bitcoin and how to use it safely and responsibly.

Making Money with Bitcoin: Beyond Transactions

While this article focuses on simplifying transactions, it's worth noting that there are various ways to make money with Bitcoin, even without actively trading or investing:

• Mining: While requiring specialized hardware and technical knowledge, Bitcoin mining can be a way to earn Bitcoin.
• Staking: Some platforms allow you to ""stake"" your Bitcoin and earn rewards for helping to secure the network.
• Affiliate Marketing: Promote Bitcoin-related products and services and earn commissions on sales.
• Play-to-Earn Games: Some games incorporate Bitcoin rewards for playing.

These options provide alternative avenues for participating in the Bitcoin ecosystem and potentially generating income.

Conclusion: The Legacy of 37coins and the Future of Bitcoin Accessibility

The story of 37coins serves as a valuable case study in the ongoing effort to make Bitcoin transactions simpler and more accessible.While the project ultimately faced challenges and discontinued its service, its vision of bringing Bitcoin to the unbanked through SMS technology highlighted the importance of user-friendliness, accessibility, and adaptability in the rapidly evolving cryptocurrency landscape.The lessons learned from 37coins continue to inform the development of new solutions aimed at bridging the digital divide and empowering individuals with access to decentralized financial tools. Bitcoin Tracker. The Bitcoin Transaction Process. For Bitcoin users, who aren t interested in how it all works, sending BTC is as simple as creating a wallet that will generate an address for you, entering the Bitcoin amount and the recipient s wallet address (or public key), and pressing send.As technology advances and the Bitcoin ecosystem matures, we can expect to see even more innovative approaches emerge, further simplifying transactions and bringing the benefits of cryptocurrency to a wider audience.

Key takeaways:

• Accessibility is paramount for widespread Bitcoin adoption.
• Simplicity in user experience is crucial for attracting newcomers.
• Technological innovation must be combined with real-world practicality.
• Adaptability is key to navigating the evolving Bitcoin landscape.

Explore different Bitcoin wallets and platforms to find one that suits your needs and helps you navigate the world of cryptocurrency with ease!