"Now, thanks to encryption, we can connect a large number of hosting partners around the world without worrying about privacy breaches," the site says. "Our servers will be closer to our customers. This will result in faster data transfers."

Mega is looking to partner with hosting providers and said it would prefer to pay those providers monthly for unmetered access. Advertising also appears to be a planned revenue stream, with Mega also offering hosting providers advertising space.

While it has raised enough capital to launch the service, Mega said it is looking for investors in order to provide a free service to users for as long as possible.

Dotcom claimed on Twitter that "millions" of people were accessing the splash page at "me.ga," a domain name that actually redirects to Kim Dotcom's personal website. The domain "mega.com" is unavailable, as it is owned by an specializing in enterprise architecture.