World Mobile launched its service in the US, UK, Australia, Canada and Tanzania via an app first available to Android users. World Mobile is a network operator integrating mobile network services with blockchain and encryption technologies, both of which are part of the Web3 family. The company aims to bridge the gap between mainstream telecom operators and those areas where connectivity remains problematic through its advanced network services.

The London, UK-based company made the official announcement about the availability of these new markets on Twitter on August 22.

World Mobile provides Decentralized Wireless (DeWi) network services through a proprietary token and a network sharing system built on the Cardano blockchain. The proprietary token is named World Mobile Token (WMT).

“Unlike traditional mobile networks, we are based on blockchain and the sharing economy. Local business owners in unconnected areas can run affordable nodes on our network and bring their community online while sharing the rewards – World Mobile Generation currency,” the company explained in its statement. website.

As of writing, each WMT is trading at $0.1074 (roughly Rs. 8.90) coin market cap.

World Mobile conducted several beta tests before launching its app in mature markets such as the UK and US. The app was first launched on Zanzibar, one of the islands in the Indian Ocean.

According to the company blog postthe app brings features such as a Cardano wallet and a fiat onramp service, allowing users to exchange fiat for WMT.

Another special feature of the app is the Scan Points feature, which turns your mobile device into a network scanner, identifying weaker network points around the world and earning rewards.

The company is currently exploring ways to integrate its services with decentralized artificial intelligence (AI). To do this, it has partnered with SingularityNET, a company that provides artificial intelligence services.

In the coming months, World Mobile will roll out its app in Europe, Asia, Africa and South America.

An iOS version of the app is currently in development.

Meanwhile, the firm, which advocates for connectivity and economic freedom for all, has called on traditional mobile network operators to ignore investment in remote areas because the process is “not profitable enough”.


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