Friday, 28 September 2018

Crypto News: ONEm Communications Announces Launch Of Its Mcoin Program Across Africa

Crypto News: ONEm Communications Announces Launch Of Its Mcoin Program

As per the latest crypto news, mobile tech startup ONEm Communications has launched their hybrid cryptocurrency with the emphasis on reaching the unbanked common people in Africa. The token will be an internet-free coin that can be moved between users via cell phone using text or apps. The aim of the project is to get the advantage of cryptocurrency to millions of Africans. ONEm Communications is a startup company based out of London it purely concentrates on mobile services that make an ecosystem letting individuals connect and access info via mobile devices.

On signing up, users will get 100 free bonus mCoins and the first ever SMS wallet. Moreover, they will get a referral code to share with friends and family at the same time as also receiving more mCoins for every successful referral. mCoin was made to authorize the unbanked people. It offers reasonable monetary facilities such as electronic payment, current and savings account for the many unconnected people internationally.

Users can earn the token by taking part in a “Pseudo-Mining” program the platform with points (mPoints), can be converted into mCoin, as per the latest crypto news. According to ONEm co-Founder and CEO Christopher Richardson, users will be able to trade their mCoin on both local and worldwide exchanges.

MCoin has a rising community of over 80,000 users, and it presently operates in seven African countries, as mentioned in Bitcoin Magazine. Richardson feels that the funds in the offline SMS wallet are safe, there is still a high risk of dropping tokens if the listed phone falls into the wrong hands. Also, unlike hot wallets, the SMS wallet have no capability to allow two-factor authentication.

As per Daily Post, with the help of blockchain technology accessible over SMS alongside real use applications is the first step in giving billions of unbanked people the chance to understanding e-commerce on a rudimentary mobile without the internet.

The post Crypto News: ONEm Communications Announces Launch Of Its Mcoin Program Across Africa appeared first on OWLT Market.



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