While Skype has proved to be a great leap in telecommunications, a new service called Bitphone is attempting to reinvent and improve how we communicate by using bitcoin as low-cost infrastructure and payment method for encrypted calls right from your browser.
The Evolution of the Telephone
The telephone has actually made a lot of progress over the last generation. Remember back in the 1980’s when you had to deposit US$0.25 to make a call on the payphone?
You had to share a phone, and its germs, with who-knows-who, if you could find a public phone that wasn’t broken. Common pay phones didn’t take dollars, pennies, or debit cards. Imagine making a public phone call with a credit card?
Imagine trying to do any basic phone call with your credit card?
The processing fees are too high, and even Skype makes you deposit US$10 into an account balance. What if you could use bitcoin and its innovative low-cost fee infrastructure to be perfect payment mechanism for a simple-to-use payphone.
Don’t most people have cell phones now? Sure do! Out of the 7.2 billion people on Earth, about 6 billion have access to mobile phones. Only 4.5 billion have access to working toilets.