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Cryptocurrency MobileCoin raised $30 million for mobile payments

Cryptocurrency MobileCoin raised $30 million for mobile payments

Assessment

Interactive Video

Science, Business

11th Grade - University

Practice Problem

Hard

Created by

Wayground Content

FREE Resource

The video discusses a $30 million fundraising event denominated in Bitcoin and Ethereum. It introduces Mobile Coin, a digital currency focusing on speed, privacy, and ease of use, without relying on payment processing services. Mobile Coin uses the Stellar Consensus protocol for transactions and is designed for integration with messaging apps like WhatsApp and Signal.

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5 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How much money was raised during the fundraising event?

20 million U.S. dollars

30 million U.S. dollars

40 million U.S. dollars

50 million U.S. dollars

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

In which cryptocurrencies was the fundraising amount denominated?

Ripple and Litecoin

Bitcoin and Litecoin

Ethereum and Ripple

Bitcoin and Ethereum

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What are the key features of Mobile Coin as mentioned in the white paper?

Interoperability, flexibility, and control

Anonymity, scalability, and low cost

Speed, privacy, and ease of use

Security, transparency, and decentralization

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which protocol does Mobile Coin use to record its transactions?

Bitcoin Protocol

Ethereum Protocol

Stellar Consensus Protocol

Ripple Protocol

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which messaging apps can integrate with a Mobile Coin wallet?

WhatsApp, Facebook Messenger, and Signal

WeChat and Line

Telegram and Viber

Snapchat and Instagram

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