ONEm this week introduced a cryptocurrency available to people without internet access. Accessible on any mobile device, the mCoin allows its holders to securely trade through SMS-based virtual wallets not connected to the internet. Users earn mCoins through “Pseudo-Mining” which is a type of “Proof of Work” based on meaningful activities. mCoin is bringing 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.
Small businesses can gain access to mCoin through ONEm’s Sweb for Business, Market Place, mCatalogue and many social applications using SMS and/or the internet. The ONEm ecosystem can be harnessed by governments and organizations 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,” ONEm CEO Christopher Richardson said. “People from all over the world are participating in mCoin’s 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 untapped market.”