mCoin, first cryptocurrency that does not need internet access

mCoinThe mCoin can be accessible on any mobile. (Image source: ONEm)ONEm has introduced mCoin, the first inclusive cryptocurrency accessible outside the domain of the internet, to provide internet access to about three billion people around the world who don't have access to the internet

Unlike other Cryptocurrencies, people will be able to trade mCoin securely through their SMS based virtual wallets which is not connected to the Internet. Users will be able to earn mCoins through ‘Pseudo-Mining’ which is a type of ‘Proof of Work’ based on meaningful activities.

According to the company, mCoin aims to bring together a community of people outside the domain of the internet, who for the first time will be able to participate in sharing information that will have positive social and economical impact.

Millions of small businesses around the world will have access to mCoin through ONEm's Sweb for Business, Market Place, mCatalogue and many social applications that use SMS and the internet.

ONEm's powerful ecosystem can be harnessed by governments and organisations to provide valuable services for their citizens who don't have access to the internet, and in the same vein make use of mCoin's underlying SMS accessible blockchain technology.

“It is exciting to see so many people who share in our vision for an inclusive Cryptocurrency outside of the domain of the Internet. People from all over the world are participating in mCoin Pre ICO and taking advantage of the attractive bonus packages now available as they see tremendous high growth potential of a cryptocurrency that can reach this very big un-tapped market,” said Christopher Richardson, CEO of ONEm.

ONEm has participated in many telecommunication and tech conferences around the world including Asia, Africa Europe and the Middle East creating awareness and partnerships from all around the world. mCoin aims to bring cryptocurrency to the unconnected and unbanked community, in line with its overall vision of an inclusive world.

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