MobileCoin, a new cryptocurrency focused on privacy, has announced that Binance Labs will hold another round of fundraising for this project. During this round it is planned to collect about $ 30 million.
Blockchain incubator associated with the cryptocurrency exchange Binance, organizes the next investment round, during which it is planned to collect about $ 30 million in Bitcoin (BTC) and Ethereum (ETH). According to TechCrunch, a new cryptocurrency, may be added to the largest stock exchange out of turn.
In addition to cooperation with Binance Labs, MobileCoin can boast such talents in his team as the moxie Marlinspike, the founder of the messenger Signal, as a technical adviser. Shane Glynn, who worked as a consultant on products at Google since 2010, and now works with the project on legal matters, ensuring that MobileCoin meets regulatory standards.
In December 2017 MobileCoin published his white paper in which the authors declare their goal to develop a “fast, private and easy to use cryptocurrency,” which can be deployed in environments with limited resources, for users who are not able to keep safe their private keys.
MobileCoin intends to use the Stellar Consensus Protocol to synchronize with the network and scalability and speed, while the final product will be integrated into the messenger app:
MobileCoin designed to instant messengers such as WhatsApp, Facebook Messenger or Signal, could be integrated with the wallet MobileCoin.
Binance Labs, commented his participation in this project as follows:
MobileCoin as currency that focuses on the use of smartphones plays a major role in the adoption of cryptocurrencies. Team MobileCoin and Binance Labs has a shared vision of the future, and we are proud to support what they are doing.