The integration will have enormously positive effects on the price of Stellar Lumens in the long run.
Moxie Marlinspike, the founder of end-to-end encryption messaging app Signal and Open Whisper Systems, joined MobileCoin as a tech advisor in August, 2017, according to Wired. In short, MobileCoin is made in a way that messaging apps can integrate with the coin’s wallet. Final Thoughts If you are thinking about whether or not to invest in Stellar Lumens XLM? Just to be clear, Mobile Coin is a privacy cryptocurrency that aims to integrate with mobile messaging platforms such as WhatsApp.
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- Mobile Coin has announced to adopt the Stellar Consensus protocol in creating their network.
- The team claimed this will help them to achieve high transaction speeds and scalability.
Bitfinex announced that it is adding Stellar Lumens to its exchange platform.
The currency Marlinspike has been working on as technical advisor for the last four months, alongside technologist Joshua Goldbard, is MobileCoin. MobileCoin transactions will synchronize to the coin’s network using the Stellar Consensus Protocol for scalability and speed. That’s a strong validation for the stellar network, one that is guaranteed to further drive more ICOs to use stellar. A recent plus to Stellar Lumens that got everybody excited is the announcement that Mobile Coin team would be using the Stellar Consensus Protocol to create their own network.
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MobileCoin will also need to give a proper answer to a question why yet another new digital currency needs to exist in the first place.
On the other hand, MobileCoin will use its funding to create a proper team and develop working processes at the same time as its product is being developed. MobileCoin is a very new cryptocurrency that has Signal’s founder Moxie Marlinspike as its advisor. One of them is the ability of Stellar Lumens to host ICO and issue tokens. For MobileCoin, the enclaves in all of the nodes of the network hide the currency’s indelible ledger from view.
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They chose Stellar simply because they believe it offers them the speed and scalability potential to meet the potential of mobile coin large scale adoption.
MobileCoin will be based on the federated Stellar Consensus Protocol (SCP), enabling transactions to process in less than a second. Stellar Lumens is currently trading at $0.386818, a 6.2% fall in the previous price. While most currencies were trading below the red line, Stellar Lumens rose to $0.46. To a savvy investor, Stellar Lumens is a sleeping giant that could give big returns in the future.
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Despite that, as well as the fact that MobileCoin has both talent and funding, this project is still in its early days.
Mobile coin is backed by Binance labs, which means that it will be listed on Binance, one of the world’s largest crypto exchanges in the world. Since MobileCoin is using Stellar Consensus Protocol, people will use Stellar as a medium to convert MobileCoin to fiat currency and fiat currency to MobileCoin. Stellar (XLM) News Update – Stellar Lumens (XLM) may have had a rough time in the first quarter of the year, but that has been the story for most cryptocurrencies. Contents The price of Stellar jumped nearly 20 percent on news that MobileCoin, a privacy-based mobile token that uses its Consensus Protocol, had a successful $30 mln ICO.
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AnclaX is a Columbian based exchange, and their collaboration with Stellar allows Columbians to transfer the Columbian peso across the border using Stellar Lumens.
MobileCoin just announced that they’ve raised $30 Million with Binance leading the round. MobileCoin announced the conclusion of the funding round on Tuesday, adding that Binance had made its investment in the project through Binance Labs, its blockchain incubator. Although Stellar Lumens is a fork of Ripple, the two coins are different. The platform is a decentralized network that supports assets added by Stellar Lumens users. According to MobileCoin team, all of the transactions will be synchronized to the network through the use of the Stellar Consensus Protocol. The news about MobileCoin’s integration has brought massive attention to Stellar Lumens.