Tuesday, February 20, 2024

World Mobile Launches Decentralized Internet Service on Google Play in the US: Latest Crypto News.

World Mobile, a decentralised mobile internet service provider, has officially opened for business on Google Play.

In a blog post on Tuesday, the company announced that consumers in the US, UK, Australia, Canada, and Tanzania can now download the app.

World Mobile seeks to provide people with a more inexpensive choice for Internet connectivity by utilising blockchain technology and current aerial and terrestrial infrastructure.

The business revealed last month that it has been given permission to introduce its services in a few regions of the US, beginning with California, New Mexico, Nevada, and Utah.

Now, mobile consumers in those nations can use this blockchain-enabled service provider by downloading the World Mobile app from Google Play.

In a statement, World Mobile CEO Micky Watkins said, “This is an important milestone for us as we move towards our global vision of democratising connectivity and access to our services.

World Mobile had been testing its services in Australia and Zanzibar prior to this expansion.

Users of the platform will have access to a non-custodial wallet for tokens created on the Cardano blockchain, including the company’s own WMT token.

Additionally, it will provide fiat on-ramp services that will make it easier to switch from fiat to cryptocurrency, including the smooth conversion of fiat money like US dollars and euros into WMT.

Additionally, World Mobile provides a built-in marketplace where users can access a variety of goods and services, like Netflix and Binance gift cards, all of which can be bought directly from the app.

World Mobile and SingularityNET Announce Partnership

In a different press release, World Mobile disclosed a strategic alliance with SingularityNET, a decentralised market that serves as an aggregator for AI algorithms.

SingularityNET will offer AI solutions through this partnership to improve customer service and enable credit extension to clients.

SingularityNET offers incentives for joining their network in exchange for data contributions that enhance their network’s proprietary AI models.

According to Janet Adams, COO of SingularityNET, “This partnership is a key component of this journey. It will allow us to get vital funds to those the traditional financial system has previously excluded.

World Mobile is a blockchain-based project that encourages people and companies to take part in the trillion-dollar sharing economy inside the telecom sector.

Participants in the project can run nodes on the World Mobile network, giving their communities access to the internet while earning money.

By fusing blockchain technology with aerial and terrestrial infrastructure, World Mobile’s decentralised hybrid connection solution ensures affordable interactions.

In comparison to conventional mobile network operators, this strategy considerably lowers connectivity costs, increasing accessibility for more people and communities.

The project leverages the World Mobile Token (WMT) to streamline network-wide transactions.

The token’s price is $0.10 right now, up 2.3% from yesterday.

Cryptured Team
Cryptured Team
The writers team at Cryptured.com is composed of passionate and experienced journalists who cover the latest developments in the crypto and blockchain space. They aim to provide accurate, unbiased and easy-to-understand news and information for their readers, as well as insights and analysis from industry experts. The writers team is always on the lookout for new and exciting stories that can help the general public learn more about the potential and challenges of these technologies.
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