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Mobilecoin (lemmy.zip)

submitted 1 week ago* (last edited 1 week ago) by anonvurr@lemmy.zip to c/signal@lemmy.ml

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Anybody have any experience with mobilecoin? What is the use case for it? Seems kind of pointless and a lot more tedious than just a bank transfer. Why does signal include crypto nonsense in their app (I like crypto, but just can't see any reason why it should be integrated in the app). I'm sad that signal does not have support for 3rd party open source clients that could remove such features. Why not add support for monero instead?

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[–] LWD@lemm.ee 2 points 1 week ago

This is the most important thing I know about it, from an article that was first published in 2021, and last seen earlier this year.

Signal Founder May Have Been More Than a Tech Adviser to MobileCoin

Signal recently launched a beta integration of MobileCoin (MOB) for payments. Its price has jumped from $7 to over $55 in the past month, giving it a market cap of $13.75 billion.

Signal founder Moxie Marlinspike, whom MobileCoin previously described as a technical adviser, may have been more deeply involved in the cryptocurrency project.

An earlier, nearly identical white paper found online, which MobileCoin CEO Joshua Goldbard called "erroneous," lists Marlinspike as the project's original CTO.

https://web.archive.org/web/20210409220023/https://www.coindesk.com/signal-founder-may-have-been-more-than-tech-adviser-mobilecoin