Coinbase has just launched the first SMS based Bitcoin exchange system. The beauty of this system is in the simplicity it brings to exchanging Bitcoin. No more QR codes or wallet applications required. Just a simple SMS text message and an email address.
The SMS text interface for Coinbase was made by Charlie Lee, who also created Litecoin (a Bitcoin derivative). It is one of many developments the company has made since it received a $5 million investment led by Union Square Ventures in May.