Telefonica, the world’s 27th largest telecom company, has partnered with Nova Labs. With this partnership, Telefonica aims to popularize Helium mobile access points in Mexico. This initiative aims to address the ongoing issue of limited internet access in underserved communities by leveraging a unique Blockchain-powered network. Following this development, the altcoin price jumped to the green zone in the red market.
Helium’s Mexican expansion triggered the altcoin price!
cryptokoin.com As we reported, Nova Labs, which is behind Helium, has collaborated with Telefonica. As part of the partnership, thousands of Helium hotspots will be established in Mexico City and Oaxaca. These hotspots will be powered by Nova Labs’ Blockchain technology. This technology will reward individuals with Helium’s cryptocurrency HNT for contributing to coverage. Thus, it will encourage hosting hotspots. This “proof of coverage” concept aims to create a decentralized network with potentially lower infrastructure costs compared to traditional methods.
The news caused fluctuations in the cryptocurrency market. Thus, the altcoin price jumped over 20% from its low level. This follows a similar surge in December when Helium partnered with T-Mobile for nationwide mobile service in the US.
“This program in Mexico is crucial to evaluate the performance and customer satisfaction of this solution,” said José Juan Haro, Telefonica’s Head of Wholesale Sales and Public Relations. Haro sees this as an important step towards closing the digital divide and unlocking new possibilities for individuals and businesses in remote areas.
Collaboration with Telefonica’s altcoin project is an important step!
This cooperation is not without its difficulties. Growing the network and convincing users to switch to Helium connections will not be easy. This will require careful planning and clear value propositions. Additionally, decentralized networks are likely to face issues with coverage consistency and data speeds compared to centralized infrastructure. Nova Labs CEO Amir Haleem made the following statement about the collaboration:
We are pleased to partner with Telefonica to integrate our Helium Mobile Hotspot technology and expand coverage for their customers. Together with Telefónica, Nova Labs has solved one of the biggest challenges in telecommunications. He also pioneered a solution that supports secure data offloading that can be implemented globally.
Telefonica boosts credibility of Helium initiative
Telefonica’s participation adds significant weight to this initiative. It’s possible that market reach and brand awareness will increase Helium’s credibility and drive adoption. The partnership is based on an open standard developed by the Telecom Infra Project. It also allows select Movistar customers to seamlessly access the Helium network using their existing SIMs.
The long-term success of this initiative is not yet clear. However, it points to a future where Blockchain technology fuels innovative solutions to bridge the digital divide. It represents a bold step by the parties in this direction. It is possible that its success will pave the way for similar initiatives in other developing regions. Thus, it can offer an alternative model for network deployment and democratize access to the internet for everyone.
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