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Binance | Binance Labs | Signal | Mobile Coin | New Cryptocurrency | Cryptocurrency news

Binance Labs, the blockchain unit of the world’s largest cryptocurrency exchange Binance has raised $30 Million backing Signal founder Moxie Marlinspike on his privacy-centric cryptocurrency project, named MobileCoin.

MobileCoin announced the fundraising event in a blog post on Tuesday and revealed that the entire amount is denominated in Bitcoin and Ethereum. Moreover, due to the association with Binance, there is a chance that the exchange will list the coin soon, which, otherwise, is a rigorous process.

MobileCoin is being touted as a cryptocurrency meant to enhance the user experience on mobile devices. The idea is to solve the usability, scalability, and privacy concerns associated with existing cryptocurrencies.

MobileCoin has a promising development team working on the project, which includes the founder of encrypted messaging app Signal Moxie Marlinspik...

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