Founded by Signal's Creator MobileCoin Raises $66M in Series B Round
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18 August
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MobileCoin (MOB), a cryptocurrency ecosystem developed by Signal's Founder, Moxie Marlinspike, has raised 66 million in a Series B funding round. According to a press release, the project raised the capital from Alameda Research, Berggruen Holdings, BlockTower Capital, Coinbase Ventures, General Catalyst, Marc Benioff's TIME Ventures, and Vy Capital.

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MobileCoin plans to use the proceeds to further develop products, including MOBot, the chatbot payment system, the company's Merchant Services buildout, and the rollout of its initial stablecoin.

"In addition, MobileCoin will continue to support its Signal deployment, as well as make it easier for additional mobile messaging and communications applications to add cryptocurrency payments between their users, as well as support further autonomous systems," the press release reads.

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MobileCoin's mission — according to the official website — is to become the digital cash on smartphones for everyone as the cryptocurrency market still faces esoteric complexity. As of press time, MOB is available on FTX, Bitfinex, BigOne, and HotBit for non-US investors. The project raised the first funding in 2018 in ether (ETH) and bitcoin (EXANTE: Bitcoin) from Binance Labs.

In January this year, media reported that Signal, a cross-platform encrypted messenger, was testing new features, including cryptocurrency payments, as its user base achieved the 40 million users milestone.

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