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MobileCoin raises USD 30 mln denominated in Bitcoin and Ethereum

Monday 30 April 2018 09:55 CET | News

MobileCoin, a privacy-centric cryptocurrency project, has secured USD 30 mln in a Binance Labs-led fundraising event, the entire amount being denominated in Bitcoin and Ethereum.

The creators describe it as a mobile-first, user-friendly cryptocurrency that can be deployed in resource-constrained environments to users who aren’t equipped to reliably maintain secret keys over a long period of time, all without giving up control of funds to a payment processing service.

The project uses Stellar Consensus Protocol to record its transactions and is aiming to create an end-to-end encrypted messaging platform like WhatsApp and Signal – two apps which use developed Signal protocol.


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Keywords: MobileCoin, Bitcoin, Ethereum, cryptocurrencies, funding
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