Pledges Support for Stable, Easy to Use Cryptocurrency To Help Small SMBs Thrive
LOS ANGELES, California—July 14th, 2020—DreamHost®, a global leader in web hosting and Managed WordPress services, announced today it has joined the MobileCoin Foundation. Supporting DreamHost’s mission of supporting small businesses worldwide, the MobileCoin cryptocurrency will provide an inexpensive, easy-to-use, and secure global payment platform.
Traditionally most cryptocurrencies have relied on a tech-savvy user base and bloated network clients to handle complex tasks like key management and transaction validation. MobileCoin offloads much of this processing-intensive work to a series of decentralized and encrypted processing nodes across the internet to deliver true ease-of-use to applications that can seamlessly integrate MobileCoin transactions.
DreamHost runs several of these MobileCoin processing nodes and is committed to launching more as increasing user adoption grows the needs of the network over time.
“We’re excited about MobileCoin’s team and their vision to bring to market the world’s first easy-to-use, highly-transactible cryptocurrency,” said DreamHost CEO Michael Rodriguez. “Any open source project that makes it easier and less expensive for our international customers to send and receive payments securely is something we’re proud to support.”
With transaction times of ten seconds or less and no international fees, MobileCoin presents small business owners with a new and exciting option for sending and receiving payments. DreamHost will offer advice and guidance to the MobileCoin team through its seat on the Foundation’s Technical Advisory Committee and looks forward to seeing its many small business customers take advantage of this new payment technology.