The idea of having a SMS wallet is cool but someone explain me how exactly the sms program works... are there fees to pay or the fee is simply charged on the phone bill? What if I made a transfer from german number to a japanese one what kind of fee would i pay? And how does the wallet exactly works, is it on the phone or it linked on the wallet that i have on my pc?
I can answer a couple of those. You are using your normal text messages so only those fees apply. Also the coins are not stored on your phone. They are stored on the server ran by the dev. You are just accessing them/telling the server where to send the coins, so it is somewhat centralized. It is sort of like using Coinbase to send coins, except its way faster. It is important to remember it is still in the alpha stage. There are devices that can be used to fake your phone number if someone knows you have Vericoins. There will eventually be passwords that you can set so they cannot do this, but for now you shouldn't risk a lot of coins on it. Also the system might still have bugs.