Digital payment firm MobileCoin secures US$66 million in a Series B funding round from Alameda Research, Berggruen Holdings, BlockTower Capital, Coinbase Ventures, General Catalyst, Marc Benioff’s TIME Ventures, and Vy Capital.
MobileCoin offers a fast, safe, and easy-to-use payment technology. MobileCoin’s digital payment system enables lightning-fast, sustainable and easy global transactions. MobileCoin leverages encrypted blockchain, an opaque ledger, and cryptographically protected transactions to ensure data privacy.
“The round will be used to further develop MobileCoin’s products, including MOBot, the first cryptocurrency chatbot payment system, the company’s Merchant Services buildout, and the rollout of its initial stablecoin, whose value will stay constant with the US dollar, stated MobileCoin.
“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.”
MobileCoin total funding is now US$107 million.
