Home Cryptocurrency Bringing online connectivity via cryptocurrency to Ugandans

Bringing online connectivity via cryptocurrency to Ugandans

5 min read
0
3

Image credit: Stock

A connectivity company developing a decentralised mobile mesh network, RightMesh, has listed its RMESH tokens on a cryptocurrency exchange platform, Golix, in Uganda.

Golix will join RightMesh in their mission of bringing online connectivity to the people of Africa by using cryptocurrency as an incentive for users to share mobile data within a self-forming, self-healing mesh network.

Earlier this year, RightMesh completed a $30 million token generating event in advance of their future platform launch.

“As we build out our platform and protocol, it is important for us to partner with like-minded companies focused on connecting the next billion users,” said John Lyotier, RightMesh CEO & co-founder.

“In order for us to start bridging the digital divide, we need people living in areas with poor infrastructure to have access to RMESH tokens so they can start connecting with each other using their smartphones. Golix makes it easier for the people of Uganda to buy and sell cryptocurrencies, and we look forward to working with them to have a real and lasting impact for those living in this region,” Lyotier added.

Under the agreement, the tokens have been made available with effect from 10 September 2018 for all Golix users living in Uganda.

Social media tax

Uganda has recently implemented an oppressive social media tax where access to certain messaging applications are taxed when used. Read more: Morocco to see world’s first utility-scale blockchain infrastructure

The high costs of these taxes have effectively limited access to these important applications for many Ugandans.

However, direct peer-to-peer communication methods such as mobile mesh networking could avoid those high fees because data does not travel through a central ISP.

“Internet connectivity in Africa has an interesting juxtaposition. The many that cannot afford internet connectivity mostly jump through hoops to get connections that are slow and have restrictions as to what content can be accessed,” stated Golix CEO Tawanda Kembo.

Kembo continued: “In Africa, it’s very expensive to be poor. On the hand, the privileged few who can afford good subscriptions mostly underutilise their internet subscriptions and pay for more than they actually use.

“By reducing the cost for the former to get connected, and providing a benefit for the latter for sharing their connection, RightMesh solves this problem for both demographics. We have needed a solution like this in Africa for years!”

RMESH tokens are attached to the RightMesh platform and will be used for purchasing mobile data from others once the protocol goes live.

The RightMesh Soft Mainnet Launch is planned for Q1 2019 in conjunction with the launch of its first commercially available app.

Let’s block ads! (Why?)


Source link

Load More Related Articles
Load More By admin
Load More In Cryptocurrency

Leave a Reply

Your email address will not be published. Required fields are marked *

Check Also

Commodities Roundup: Catalytic Converter Thefts, A $200 Billion Tariff Announcement

zentilia/Adobe Stock For the buyers and category managers out there, especially those of y…