...
...
Haider Jamal

Dec 08, 2023

Helium Mobile Introduces New Mobile Plan Integrated With Blockchain Technology

Helium Mobile, a trailblazer in crypto carriers, has recently introduced an innovative nationwide scheme in the United States. Starting now, the groundbreaking mobile service will combine the Helium Network, built on the Solana blockchain, with a nationwide 5G network, offering unlimited data, text, and calls for $20 per month.

A comprehensive solution

As aforementioned, not only will the new Helium Mobile plan provide users with unlimited data, text, and call services, but the strategic move also follows a successful limited trial in Miami earlier this year, demonstrating the viability of this novel approach to mobile services.

At the core of the offering by Helium Mobile is the integration of the Helium Network, an Internet of Things (IoT) project anchored on the Solana blockchain, with a robust nationwide 5G network. Users can also act as builders of their network by establishing Helium Mobile Hotspots, serving as mini cell towers to extend coverage. Finally, to address coverage gaps, Helium collaborates with T-Mobile, with Helium compensating T-Mobile for backup coverage.

The times are changing

Primarily, this decentralized approach aims to eradicate dead zones, revolutionizing the user experience of mobile connectivity. Despite the ambitious plan, Helium Mobile faces inquiries about its revenue model. Still, investors have scrutinized the profitability of the Helium Network, which recorded only $6,650 in revenue through its wireless network in June 2022.

In summary, this initiative by Helium Mobile represents a significant stride in the fusion of blockchain and telecommunications, potentially reshaping the future of mobile communication. HNT, the native token of Helium Network, experienced a surge as a result of the announcement, rising by 27%. In any case, the initiative is a strong indicator of how many companies in a variety of fields are adopting blockchain technology.

Press Releases

...
Terra
Do Kwon Trial Begins Despite The Founder

7 months ago Mar 26, 2024

The civil fraud trial involving Ter... Read more

...
Goldman
Goldman Sachs Clients Look To Get Back

7 months ago Mar 25, 2024

Institutional clients served by the... Read more

...
Payments
New Payment Limit For Crypto Wallets Scrapped

7 months ago Mar 25, 2024

The recent Anti-Money Laundering re... Read more

...
Bitcoin
Bitcoin Undergoes Price Correction As International Economies

7 months ago Mar 24, 2024

A significant portion of the crypto... Read more

Join Our Newsletter

Get the latest trends and updates on our crypto community.