mHITs, Australian mobile payment operator has launched BitMoby, a new service that allows to top up pay-as-you-go mobile accounts using bitcoin.


mHITs is a mobile payment company that works on solutions for “unbanked” people which would allow them to use their mobile device as a cheap and convenient payment tool. mHITs enables international money transfers via SMS between Australia and mobile operators in developing countries including Philippines, Ghana, Kenya, Indonesia, Somaliland and Fiji.

According to a blogpost from January, 15 mHITs believe that bitcoin is a kind of stored value system of the same digital nature as mobile prepaid time. The article reads:

“Mobile technology has enabled the creation of new services that challenge the definition of the most commonly known form of stored value system – money... Regardless of issues surrounding regulation, volatility and identity, it is the true innovation of Block Chain technology that make crypto currencies a powerful electronic value exchange platform that can have a role in services including mobile money, mobile remittance and airtime top-up systems.”

The new service allows users to buy prepaid credit using bitcoin with half of the world’s mobile operators. Users do not need to register or to give any personal details and the top-up is processed in one step. A user simply sends funds from their mobile account to a BitMoby bitcoin wallet address from where it is transferred to the selected mobile operator and added to the recipient's mobile account.

The BitMoby website interface seems to be going out of its way to introduce users to the basics of bitcoin. “If you know email, you know Bitcoin. Let us walk you through the Bitcoin world – how to understand it, how to buy it and how to use it,” the webpage reads. The press release contains an introduction into the world of bitcoin, too.

This is not the first service in the space of bitcoin mobile top-up payments. GoCoin added an SMS billing option to their services in August 2014. The feature enables mobile operators to send invoices to their customers' mobile devices in a text message. The users only have to “click to bill” in the message to top up their mobile balance. SMS payments are allegedly faster and easier as they do not require registration with a bank, paying fees, or even logging on to a PC.