MobileCoin cryptocurrency developers raise $66m investment

August 24, 2021

MobileCoin cryptocurrency developers raise $66m investment

Cryptocurrency team MobileCoin has closed a $66 million Series B funding round, the project said in a statement.

Alameda Research, Berggruen Holdings, Coinbase Ventures, BlockTower Capital and others participated in the round.

The funds raised will be used for further product development, including a chatbot payment system and the launch of its own Stablecoin.

The MobileCoin cryptocurrency uses a modified version of the Stellar Consensus Protocol implemented in Rust, and its main purpose is to increase user privacy. Signal founder Moxie Marlinspike is among the creators of the project.

In 2018, the MobileCoin team raised $30 million, with the funding round then led by Binance.

In January 2021, it became known that Signal was testing cryptocurrency payments. In April, the messenger released a beta version with MobileCoin support - UK residents had access to the option.

Top exchanges to buy Bitcoin with eToro reviewed. Should you buy Bitcoin with eToron or not? Our reasons for buying!

About the author

Hi there, my name is Zalman Weinberg. I'm enthusiast with over 7 years of experience in cryptocurrencies and blockchain. Professional Trader providing Blockchain solutions to Startups and Enterprises. Expert in all cryptocurrency exchange APIs (BitMEX, Bittrex, Binance, Bitfinex, Kraken, Poloniex, Gdax etc.). I have also worked with multiple Forex broker APIs.

Leave a Reply

Your email address will not be published. Required fields are marked

{"email":"Email address invalid","url":"Website address invalid","required":"Required field missing"}
This site is registered on as a development site.