MNEE Acquires TextBSV to Boost Stablecoin Ecosystem

MNEE, an innovative fintech company known for its USD-backed stablecoin, has announced the acquisition of TextBSV, an SMS wallet for peer-to-peer electronic cash transfers. The integration of TextBSV into MNEE's ecosystem is a strategic move to enhance MNEE's stablecoin offering, aiming for frictionless and easy transactions. Through this acquisition, MNEE positions itself as a leader in low-cost, rapidly executed stablecoin transactions. TextBSV facilitates BSV transfers through SMS, utilizing recipients' mobile numbers, thereby eliminating the need for apps or sophisticated wallets. This feature will be rebranded as TextMNEE and strives to reach a broader audience, especially in regions where mobile phone access is significant despite limited smartphone penetration. With this acquisition, MNEE aims to deliver quick and low-cost transaction solutions, making digital payments accessible even in less connected areas. Daniel Wagner, founder of TextBSV, joins the MNEE team with the goal of advancing user-friendly payment solutions. The move underscores MNEE’s commitment to leveraging blockchain capabilities for secure and scalable digital payments, while also emphasizing full collateralization and compliance. Each MNEE token is reinforced by US Treasury bills and USD cash.