Getting the majority of the African population to participate in the global economy has been one of the most significant challenges for many technology companies over the previous few decades. Africa's infrastructure is largely unaffected by the worldwide trend toward faster and more inexpensive high-speed internet, especially in the continent's most remote sub-Saharan regions.
Unfortunately, just 22% of the continent, which roughly corresponds to its urban centers, has access to high-speed internet. With 91% of mobile users needing to rely on 2G or 3G networks, cell towers are increasingly outdated. To change that, one blockchain startup is working.
💻Table of Contents:
Why does Africa require 3air?
In the coming years, 3air, a blockchain-based business, will offer high-speed broadband internet access and decentralized finance to Africa's main cities. 3air bridges the gap between Africa's connection issues and the enormous potential of cryptocurrencies across the continent. More than 300 million new customers will be connected to the Internet and Web3 through the deployment of wireless mesh technology and NFT subscriptions, according to the business.
With these products, 3air hopes to reach Africans to strengthen sub-Saharan Africa to connect them to the global economy. Hardware is an essential part of Internet connection service. 3air will use K3 Last Mile technology to provide a dedicated internet connection at up to 1GB/s within a 50 km radius of a base station. These stations can be built practically anywhere; were used in nine countries on three continents.
What role do NFTs play in the financial solution?
3air will offer a wide range of additional services through its broadband connectivity, including banking services, microloans, and cryptocurrency wallets. Purchasable NFTs that give internet connection via a subscription is available from 3air. NFTs do not compel customers to make a time commitment, in contrast to conventional connectivity contracts. Instead, customers can use a decentralized market to resell their tokens to other people. Limitations are no longer an issue with NFT subscriptions since neither a bank account nor a home address is needed.
How can you use the cash-to-cryptocurrency options?
This model also includes the subscription transfer which becomes an option; If a user moves, they can transfer the service to another resident instead of canceling the service and renting again. Additionally, once users board Web3 through this service, 3air offers on-site learning services for users to board faster and with cash-to-cryptocurrency options that don't require onboarding through a checking account.
Web3 is a complicated concept for anyone, and the company believes that providing these services will connect Africans to the global economy faster. 3air will educate new users on blockchain-related topics such as B. How to open and use a new cryptocurrency wallet, how to use the new Web3 Internet, and other complex topics that may be difficult to learn on your own.
What advantages does 3air offer?
With 3air's internet and blockchain service, 3air will offer additional services to the internet connection. Banking is complex for those who do not have physical access to a bank, which are very few in sub-Saharan Africa. Through the 3air blockchain, users can store currencies, use them as a means of payment, and take advantage of other services offered by banks, such as loans, savings, and current accounts.
3air's marketplace is now Open to the public and collaborating with African artists and creators to bring them worldwide exposure. By first providing Internet service, 3air will be able to expand many other services such as banking, microcredit, and Web3 teaching services. African talent and companies should be able to scale much faster than without this connectivity. With a full blockchain, proven hardware, and a stable roadmap, African users should expect these mainstream services to be available as early as 2023.
Disclaimer
The content is for informational purposes only, may include the author’s personal opinion, and does not necessarily reflect the opinion of TheDailyCryptoZ. All Financial investments, including crypto, carry significant risk, so always do your complete research before investing. Never invest money you cannot afford to lose; the author or the publication does not hold any responsibility for your financial loss or gains.
0 Comments:
Post a Comment