$MobileCoin (MOB) was founded in 2017 by Joshua Goldbard and Shane Glynn, with technical assistance from Moxie Marlinspike, founder of Signal, as an early technical advisor. The main goal of the project was to create an accessible form of cryptocurrency, focused on fast transactions. In May 2018, MobileCoin raised $29.7 million in a funding round led by Binance Labs in exchange for 37.5 million tokens. The company also raised $11.35 million in venture capital funding in March 2021 and $66 million in Series B funding in August 2021, with participation from investors including Alameda Research, Coinbase Ventures, Gaingels, and Marc Benioff.
MobileCoin is integrated for in-app payments via Signal and Mixin Messenger, supporting global peer-to-peer payments. Cryptocurrency exchange Bitfinex currently offers MobileCoin for trading.
The MobileCoin mainnet launched in December 2020, testing its functionality as a transactional cryptocurrency used in a messaging app.
$MOB