MobileCoin, a new confidentiality-oriented crypto currency, announced that Binance Labs invested $ 30 million in the fundraising round.
The MobileCoin blog says that the incubator of blocking technology, connected with one of the largest crypto-birch Binance, tops the investment round of $ 30 million, expressed in bitcoins (BTC) and Ethereum (ETH). According to TechCrunch, the new crypto currency can "enjoy priority consideration, and include it in the list of currencies traded on Binance."
In addition to working with Binance Labs, the MobileCoin team includes Moxi Marlinpike, the founder of the Signal messaging application. Shane Glynn, who has worked as a product consultant with Google since 2010, works as a project legal adviser, ensuring that MobileCoin complies with regulatory rules.
In the MobileCoin Whitepeper project published in December 2017, the project developers described their intention to develop a "fast, closed and easy-to-use crypto currency that can be deployed in environments with limited resources for users who can not reliably keep secret keys for an extended period of time ".
It is reported that MobileCoin will use the Stellar network consensus protocol to synchronize with the network and provide scalability and speed, while the end product will be integrated into applications for mobile messaging:
MobileCoin is designed so that the mobile messaging application, such as WhatsApp, Facebook Messenger or Signal, can integrate with the MobileCoin purse.
Binance Labs commented on its participation in the financing:
MobileCoin is the first user-friendly crypto currency that plays an important role in making decisions on the implementation of crypto-currency systems. The MobileCoin team and Binance Labs share a common vision, and we are proud to support what they are doing.
Recently, Binance collaborated with Ugandan Blockchain Crypto Savannah. Cooperation intends to support the economic development of Uganda, East Africa, by creating jobs and attracting investment in the country.
The MobileCoin blog says that the incubator of blocking technology, connected with one of the largest crypto-birch Binance, tops the investment round of $ 30 million, expressed in bitcoins (BTC) and Ethereum (ETH). According to TechCrunch, the new crypto currency can "enjoy priority consideration, and include it in the list of currencies traded on Binance."
In addition to working with Binance Labs, the MobileCoin team includes Moxi Marlinpike, the founder of the Signal messaging application. Shane Glynn, who has worked as a product consultant with Google since 2010, works as a project legal adviser, ensuring that MobileCoin complies with regulatory rules.
In the MobileCoin Whitepeper project published in December 2017, the project developers described their intention to develop a "fast, closed and easy-to-use crypto currency that can be deployed in environments with limited resources for users who can not reliably keep secret keys for an extended period of time ".
It is reported that MobileCoin will use the Stellar network consensus protocol to synchronize with the network and provide scalability and speed, while the end product will be integrated into applications for mobile messaging:
MobileCoin is designed so that the mobile messaging application, such as WhatsApp, Facebook Messenger or Signal, can integrate with the MobileCoin purse.
Binance Labs commented on its participation in the financing:
MobileCoin is the first user-friendly crypto currency that plays an important role in making decisions on the implementation of crypto-currency systems. The MobileCoin team and Binance Labs share a common vision, and we are proud to support what they are doing.
Recently, Binance collaborated with Ugandan Blockchain Crypto Savannah. Cooperation intends to support the economic development of Uganda, East Africa, by creating jobs and attracting investment in the country.
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