DreamHost, a global web hosting and managed WordPress provider, has joined this new privacy-centric cryptocurrency project, MobileCoin. Supporting DreamHost’s mission of supporting small businesses worldwide, the MobileCoin cryptocurrency would provide an inexpensive, easy-to-use, and secure global payment platform.
MobileCoin is an effort to develop a fast, private, and easy-to-use cryptocurrency that can be deployed by users who aren’t equipped to reliably maintain secret keys over a long period of time. As a mobile-first, “user-friendly” cryptocurrency, MobileCoin is designed so that a mobile messaging application like Facebook, WhatsApp, Signal, or Messenger can easily integrate with a MobileCoin wallet.
With transaction times of ten seconds or less and no international fees, MobileCoin presents small business owners with a new option for sending and receiving payments.
DreamHost will offer advice and guidance to the MobileCoin team through its seat on the Foundation’s Technical Advisory Committee.
Traditionally most cryptocurrencies have relied on a tech-savvy user base and bloated network clients to handle complex tasks like key management and transaction validation. MobileCoin would offload much of this processing-intensive work to a series of decentralized and encrypted processing nodes across the Internet to deliver “true ease-of-use” to applications that can “seamlessly” integrate MobileCoin transactions.
DreamHost runs several of these MobileCoin processing nodes and is committed to launching more as increasing user adoption grows the needs of the network over time.
“We’re excited about MobileCoin’s team and their vision to bring to market the world’s first easy-to-use, highly-transactible cryptocurrency,” said Michael Rodriguez, CEO of DreamHost. “Any open source project that makes it easier and less expensive for our international customers to send and receive payments securely is something we’re proud to support.”
Founded in 1997, web hosting provider DreamHost has offices in Los Angeles and Orange County, California and in Portland, Oregon. Supporting the open source community “with dedicated resources and top-tier talent”, DreamHost believes in the power of the ‘Open Web’ and the people that make it happen.
This article was also published to the HostingJournalist WhatsApp channel.
Subscribe here for free and stay informed, max one message a day.