BTCC Brings the New Mobi Wallet to Life
CEO of BTCC Bobby Lee has the new Mobi wallet, which ‘enables users to send bitcoin and 50 other types of money to anyone by typing in a recipient’s phone number.’ The company is being touted as bitcoin’s version of PayPal, which requires a simple email address for users to receive money in exchange for goods and services.
Mobile wallets have become all the rage. Recently, bitcoin startup Coins raised over $5 million which it will use to develop new apps that allow customers to maintain financial services via their smartphones. The company is particularly focused on Southeast Asia; while the region boasts increased smartphone usage over the last five years, it also houses a wide array of unbanked residents.
This post was published at NewsBTC on October 25th, 2016.