What’s the problem with mobilecoin?

Coinmarketcap

Mobilecoin focuses on transactional anonymity (fungibility), ease of use, transaction speed, low environmental impact and low fees. MobileCoin's mechanics build on Stellar (for consensus) and Monero (for privacy), using CryptoNote alongside zero-knowledge proofs to hide details of users' transactions..
https://www.theverge.com/22872133/s...payments-encryption-invite-regulator-scrutiny
Considering the above benefits, and already being used within everyones favourite encrypted IM app, it’s doing so bad that I can’t even. Surprised it’s not used more often or even more heard of.
 
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