In the meantime, going worldwide has been good for MobileCoin, which last summer raised $66 million in Series B funding at a $1.066 billion valuation and, according to sources close to the company, is in the process of raising a Series C round at a valuation that one source describes as “in the high single-digit billions” of dollars. residents buy MobileCoin within the first few months of this year. (FTX founder and CEO Sam Bankman-Fried is one of many investors in MobileCoin through his quantitative trading firm and cryptocurrency liquidity provider, Alameda Research.)Įven Americans will have access to the currency shortly, however, Goldbard told Wired, pointing to recently signed agreements, including with the cryptocurrency payment processor Zero Hash, that should allow U.S. Notably, one needs to load one’s wallet with the cryptocurrency first, and, as Wired notes, it is listed for sale on only a few smaller cryptocurrency exchanges, including FTX, and none yet offer it to U.S. MobileCoin founder Joshua Goldbard told the outlet that the rollout has spurred massive adoption of the cryptocurrency, telling Wired that “there are over a hundred million devices on planet Earth right now that have the ability to turn on MobileCoin and send an end-to-end encrypted payment in five seconds or less.”
That’s when Signal made the same feature accessible to all of its users without fanfare, offering the ability to send digital payments far more private than a credit card transaction-or a Bitcoin transfer-to many millions of phones.” But as Wired reported last week, a “much broader phase of that experiment has quietly been underway since mid-November. Last spring, eight-year-old Signal, which has more than 40 million monthly users, began testing out an integration with MobileCoin, which says it’s focused on enabling privacy-protecting payments made through “near instantaneous transactions” over one’s phone. While unexpected, the move seems tied in some way to the rise of MobileCoin, a cryptocurrency startup that counts Marlinspike as its earliest technical advisor.
Moxie Marlinspike, the founder of the popular encrypted communications app Signal, announced today in a blog post that he is stepping down in a move that he says has been in the works for several months.
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