• Skip to main content
  • Skip to secondary menu
  • Skip to primary sidebar
  • Skip to footer
  • Upcoming Events
    • TWS, Singapore (July 28-29, 2025)
    • WFIS, Philippines (September 23-24, 2025)
    • Forex Expo Dubai (October 6-7, 2025)
    • Merge Madrid (October 7-9, 2025)
    • European Blockchain Convention, Barcelona (October 15-17, 2025)
    • Blockchain Futurist Conference, Florida (November 5-6, 2025)
    • WFIS, Indonesia (November 25-26, 2025)
  • Past Events
    • Blockchain Life
    • BlockShow Europe
    • Event Horizon

Crypto Reporter

Online magazine about cryptocurrencies, NFTs, DeFi, GameFi and other blockchain technologies

Join us on Telegram: https://t.me/crypto_reporter
  • News
    • News Feed
    • Cryptocurrencies
      • Bitcoin
      • Altcoins
    • Payment solutions
    • Exchanges
      • Binance
      • bitFlyer
      • Bitfinex
      • CBOE
      • CME
      • Coinbase
      • Coincheck
      • Coinfloor
      • Nasdaq
      • Poloniex
    • Regulations
      • Australia
      • Belarus
      • China
      • Europe
      • India
      • Iran
      • Israel
      • Japan
      • North Korea
      • Philippines
      • Portugal
      • Russia
      • South Korea
      • Thailand
      • Turkey
      • Venezuela
      • Vietnam
      • United States
    • Blockchain platforms
    • Crypto news in brief
    • Stats & trends
    • Reviews
      • Ambrosus
      • ATN
      • Dash
      • Green Power Exchange
      • Power Ledger
      • ShapeShift
      • Waltonchain
      • Cryptocurrency market capitalization can top 4 trillion USD, under conservative estimates
    • Opinion
    • Sponsored
  • Press Releases

MobileCoin Announces Moby (feat. PrivatePay™) Public Launch Bringing Self-Custody and Global Peer-to-Peer Payments to the Masses

January 12, 2023 By Business Wire

Moby is a new wallet that fulfills the vision of blockchain-based payments by delivering a world-class experience that puts human needs at the center of its design.



SAN FRANCISCO--(BUSINESS WIRE)--Moby (feat. PrivatePay™), an app powered by MobileCoin, a Series-B startup based in San Francisco, announced its public launch today, allowing customers around the world to take advantage of a simpler way to self-custody funds and pay privately. Customers on the waitlist can now use Moby to pay just about anyone they can text.

Many wallets on the market today intend to address issues with traditional payment systems, but suffer from usability issues leading to frustration and skepticism around what a blockchain-based payment system can deliver. Self-custody requires that someone memorize or securely store their 24-word recovery phrase. Failure to do this correctly puts customers at risk of losing their funds altogether.

Sending a payment has also proven cumbersome with existing wallets. Typing in complex wallet addresses as payment destinations, triple checking that the wallet address is correct, and waiting up to 10 minutes for a transaction to complete doesn’t deliver the instant payment experience needed to power commerce or fuel a global, peer-to-peer payment experience . Privacy also suffers as transactions published on a global ledger reveal a customer’s entire transaction history and balance. Attempting to buy a latte at a coffee shop means that the latte would be ready before a payment goes through and exposes a person’s location and purchase history in real-time.

Moby closes these gaps by delivering a world-class experience that combines an easier way to self-custody funds and pay without exposing customers to the complexities of the blockchain. Customers can back up their wallet with a short PIN using Secure Value Recovery (SVR) without having to store their keys on a third-party system. Instead, their PIN is used to generate a series of encrypted keys that allow our customers to privately recover their wallets without exposing their private keys to our systems.

Customers enter contact names, instead of wallet addresses, using PrivatePay™. PrivatePay™ protects customer data so that only the sender and receiver have knowledge that the payment occurred. This is made possible by a set of innovations that work together behind the scenes to allow customers to transact with peers without ever exposing their data to MobileCoin’s systems.

Bob Lee, MobileCoin’s Chief Product Officer said, "so many wallets in the market ask customers to adopt machine-like behavior if they want to pay someone privately. We challenged ourselves to rebuild payments from the ground up so that people don’t have to go through a steep learning curve to protect their data. Using breakthroughs in zero-knowledge encryption to set a new standard for privacy, Moby protects customers from criminals and predatory corporations alike with a best-in-class customer experience free of compromise."

In a few taps, customers can create and fund their wallet in Moby. Sending a payment is as easy as entering an amount, adding a contact, and confirming the payment. Moby supports payments in $MOB, MobileCoin’s native cryptocurrency. Additional currencies, like eUSD, our privacy-focused stablecoin, will also be available soon to customers globally.

To learn more about Moby (feat. PrivatePay™), check out their latest blog post and download Moby (feat. PrivatePay™) by visiting get.moby.app.

Questions? You can reach us at hello@mobilecoin.com.

About MobileCoin: Founded in 2017, MobileCoin is a layer 1 blockchain that is focused on fast, secure, frictionless payments compatible with mobile devices. MobileCoin went live on mainnet in 2020. Additionally, the Moby App is now live globally. For more information please visit our website at get.moby.app.


Contacts

Danika Elrick
Danika@MobileCoin.clom

Filed Under: News Feed

Primary Sidebar

Follow Us

Press Releases

Backed’s xStocks Go Live Today on Bybit, Kraken, and Solana DeFi

June 30, 2025

Zodia Custody Cements UAE Presence with Completion of Acquisition of Tungsten Custody Solutions

June 30, 2025

How to Launch Your Own Memecoin on MoonX.bet – No Coding Needed

June 30, 2025

Solana (SOL) and Shiba Inu (SHIB) Are Moving Again, But Little Pepe’s (LILPEPE) Potential to Turn $450 into $45000 is Going Viral

June 28, 2025

Top Meme Coins for 2025: Why Little Pepe (LILPEPE) Is Favored for a 5400% ROI Over Shiba Inu (SHIB) and Pepe Coin (PEPE)

June 27, 2025

TWS Conference

Forex Expo Dubai

Merge Madrid

Futurist Conference

Footer

Crypto Reporter is an online magazine about cryptocurrencies, NFTs, DeFi, GameFi and other blockchain technologies
About us
Contact us
Submit press-release

Search

2017-2025 Crypto Reporter