Coin Ninja Releases DropBit Mobile Bitcoin Wallet

Coin Ninja has unveiled its latest Bitcoin offering that allows users to send and receive Bitcoin via text messages through their mobile wallet, DropBit.

DropBit makes it easy for people to receive their first Bitcoin, even without currently owning a wallet or address. According to the company, DropBit may be the fastest and easiest way to send and receive Bitcoin, and has created a seamless way to send Bitcoin to your contacts using only their mobile phone number.

The ‘text Bitcoin’ feature, deals only with sending and receiving addresses, meaning the user holds the private keys, and they’re not held with Coin Ninja or DropBit. Bitcoin ownership remains with the users, which the company says is so important to the very ethos of Bitcoin.

The company also emphasizes safety and security regarding both transactions and contacts. Coin Ninja’s CEO, Larry Harmon, a long-time developer, has been working on Bitcoin projects for over 5 years. He states, “We know how important it is that our wallet makes it easier to transact Bitcoin to new users while maintaining all of the key protocols for advanced Bitcoin users – namely custodial ownership and anonymity.”

Coin Ninja is a 15 person company based in the U.S. with offices in Akron, Ohio and Silicon Valley, California. The company aims to accelerate the global adoption of Bitcoin.