Digital payment ecosystem MobileCoin raises $66M

MobileCoin, a crypto-focused digital payment ecosystem, announced Wednesday that it has concluded a $66 million funding round as part of a wider effort to bring more of its products and services to market.  The Series B had participation from several leading venture funds from within the blockchain and cryptocurrency industry, including Alameda Research, BlockTower Capital and Coinbase Ventures. Berggruen Holdings, General Catalyst, Vy Capital and TIME Ventures also participated. Several entrepreneurs and investors also contributed to the funding round. MobileCoin said the funding will be used to further develop its core crypto offerings, including MOBot, which is described as the “first cryptocurrency chatbot payment system.” The company also plans to expand its merchant services and introduce a new dollar-pegged stablecoin.