MobileCoin is a privacy token built on the Stellar blockchain, enabling decentralized and private instant peer-to-peer (P2P) transactions through desktop or mobile messaging applications. MOB is the native utility token that allows users to exchange goods and services as a currency intermediary.
What is MobileCoin (MOB)?
MobileCoin is a peer-to-peer cryptocurrency developed by MobileCoin Inc., founded by Josh Goldbard and Shane Glynn in 2017. It focuses on transactional anonymity, ease of use, transaction speed, low environmental impact, and low fees. Additionally, MobileCoin’s mechanics are based on Stellar and Monero.
MobileCoin claims that its cryptocurrency can facilitate decentralized payments for everyday transactions faster than most other cryptocurrencies.
According to statements made, MobileCoin operates as open-source. In a statement, the company says, “We are digital money backed by technology you can trust. Our ledger is opaque, meaning your transactions are cryptographically protected.”
Statements suggest that MobileCoin could serve as the foundation for an accessible, secure, and sustainable payment system for the world to use. They believe the best way to create this technology is by utilizing a new cryptocurrency and encrypted blockchain. The MobileCoin Foundation provides governance for the MobileCoin Protocol to help address the most important aspects of any modern payment system: Security, Transaction Speed, Energy Consumption, and Optimization for Mobile. They compare themselves to PayPal but as a simple, secure, encrypted currency intermediary.
Where to Buy MOB Coin?
MobileCoin can be safely bought and sold through Binance, the world’s largest cryptocurrency exchange by trading volume. On Binance, MobileCoin is available in the MOB/BTC, MOB/USDT, and MOB/BUSD pairs.
To purchase MOB, you first need to register on the Binance exchange. After completing registration, you should transfer either cryptocurrency or fiat currency to your Binance wallet. Once the transfer is completed, you can buy MOB Coin from any of the four pairs mentioned above. To buy from the MOB/USDT pair, go to the interface of this trading pair. In the limit section of the MOB/USDT interface, enter the desired purchase amount. Once the amount is specified, execute the purchase by placing a MOB Buy order.
