Cryptocurrency startup MobileCoin has just raised $30 million for the expansion of its technology, which will link the startup’s cryptocurrency network into mobile messaging applications such as WhatsApp or Signal.

The round, given in cryptocurrency was led by blockchain incubator Binance Labs, according to yesterday’s Medium post by MobileCoin technologist Joshua Goldbard:

MobileCoin is a new cryptocurrency designed to be used by everyone. We’ve begun work on a system that focuses on scalability, usability, and privacy. There are many challenges to overcome in this process, but we are excited to work with our technical team and regulators towards this goal.

Today we are announcing a fundraising round led by Binance Labs for $30,000,000 denominated in Ethereum and Bitcoin.

Aside from its technology stack, Binance might have been attracted to MobileCoin (rather than any of the many other crypto startups vying for funds) due to the fact that Moxie Marlinspike, founder of encrypted messaging app Signal, has been attached to the project as a technical advisor since August 2017.

Read more at TechCrunch and Medium.