Binance Labs, the blockchain incubator arm of the world’s largest cryptocurrency exchange Binance, has backed Signal founder Moxie Marlinspike’s proposal for a new cryptocurrency with $30 million in funding. It’s called MobileCoin, and it’s being touted as a cryptocurrency meant to enhance the user experience on mobile devices. The idea is to solve the usability, scalability, and privacy concerns associated with existing cryptocurrencies. MobileCoin describes in its white paper that its technical design is targeting enhanced user experience by integrating cryptocurrency into mobile messaging apps like WhatsApp or Signal: A user should be able to install the app, enter a…
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