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In its own words, the platform is a cryptocurrency supported by a technology that users will trust. It is an open source project. The platform allows two people to send digital money to each other using their smartphones. It claims to process decentralized payments faster than most other cryptocurrencies.
MobileCoin is a one-dimensional cryptocurrency blockchain. Blocks use a consensus protocol originally developed for the Stellar payment network. Transactions are verified on SGX and are based on cryptography. The platform's payment system is easy and enables almost instantaneous transactions. Additionally, transactions are cryptographically protected.
The platform has a mobile application suitable for Android and iOS operating systems. Thanks to this application, users can make their payments with the digital money in their pockets without compromising in any way. In addition, the platform states that thanks to the application, crypto sending transactions can be made, which are protected by end-to-end encryption and take less than five seconds.
MobileCoin cooperates with many applications. The popular messaging application that stands out among these applications is Signal. Signal in-app payments with MobileCoin are accessible to more than 120 million users worldwide.