The chief executive officer (CEO) of ONEm Communications,
Mr. Christopher Richardson, has disclosed the company readiness to unveil its
mCoin’s Virtual SMS Wallet, reports ITReaLms.
The mCoin, is the
world’s first cryptocurrency which works on any mobile with or without the
internet, is pleased to announce the release of the virtual SMS wallet to
thousands in the mCoin community globally who are keen to participate in this
new technology.
According to Richardson, connecting people with financial
services is a key challenge in Africa, but with this wallet innovative service
allows people to use an ordinary mobile for business and complex financial
transactions.
“Soon we will be announcing significant government
partnerships in Africa regarding support for the ONEm ecosystem,” he said.
Unlike other tokens and cryptocurrencies, mCoin is taking a
completely new approach with a technology that works outside the domain of the
internet. mCoin's Virtual Wallet provides the 3 billion who are unconnected, a
way to participate in the cryptocurrency revolution. mCoin is already integrated with the ONEm
ecosystem services for Pseduo Mining, a novel method of mining to earn mCoins.
Anyone with a mobile phone will be able to access the
Virtual Wallet and interact via SMS interface. mCoins can be transferred to
another virtaul wallet owner by using ONEm’s global identity names instead of
the traditional long cryptocurrency addresses. This approach will make trading
more feasible and user friendly.
mCoin's Virtual Wallet creates credit card-like transactions
that lets users build their own credit history. These credit histories can be
used for lenders to determine lower lending rates based on transaction merit.
To get a virtual wallet, customers will be able to join
mCoin's Airdrop Program and earn free mCoins. Anyone willing to own more will
have to join the ICO and wil be able to acquire mCoins at 3¢ now before the
price increases to 5¢ on 3rd of June.
Any customer can from now on sign up on mCoin website and get a refferal
link to share with their network so that they can get an additional 5% bonus.
Ayo Midele/GEE
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