BTCC, the company behind the oldest Bitcoin exchange in China, is once again expanding its footprint globally. This time with a multi-currency Bitcoin wallet Mobi, which they believe will be the killer app for payments.
Headquartered in Hong Kong, BTCC plays a major role in nearly every segment of the Bitcoin ecosystem from digital currency exchanges, mining pools, physical Bitcoins and now a mobile wallet like no other on the market yet.
What is Mobi
Released the 20th of March 2017, Mobi is available for download from both iOS and Android and has an instant in-app conversion of over 150 different currencies including the pound, dollar, euro, gold and silver.
It also includes an optional Visa debit card and enables payments to Twitter replacing ChangeTip but focusing on larger payments. Uniquely, Mobi allows customers to send money in any currency, including Bitcoin to any of Twitter's 319 mln users.
Mobi will also appeal to Bitcoin users and those looking to hedge or speculate on Bitcoin and other currencies’ price movements by allowing instant in-app conversions between Bitcoin and 154 currencies with no trading fee.
Innovations in the payments industry have been led by Chinese companies for quite some time with the likes of AliPay and WeChat, although Bobby Lee, CEO of BTCC, believes Mobi will succeed where the other Chinese payment technologies have not.
Bobby Lee says:
“Mobi is the only app that supports instant conversion, storage and transfer of 100+ currencies so it can be used worldwide compared to AliPay and WeChat which only supports CNY, and can only be used in China. With Mobi you can send any form of money to anyone, anywhere. Mobi eliminates friction in money transfers, making money truly global.”
Private Blockchain
All Mobi accounts are linked to the users’ mobile number, so all that is needed to use it is a smartphone. Mobi users can instantly transfer funds to any of the two bln other global smartphone users using Mobi’s private Blockchain. Mobi also supports Bitcoin transfers on the Bitcoin public Blockchain.
The optional debit card is linked to users’ Mobi accounts allowing them to withdraw fiat in any currency at ATMs worldwide as well as enabling the spending of funds at any retail point of sale that supports Visa. The debit card automatically deducts funds from the customer's’ wallet balance.
Mobi also offers support for 15 languages including English, French, German, Japanese, Korean, Portuguese, Russian and Spanish.
Lee concludes:
“Mobi will take Bitcoin mainstream with mobile number accounts, Twitter payments, 100+ currencies and a Visa debit card. Mobi is the killer app for Bitcoin.”