Copy link
Increase text size
Decrease text size
Link copied

Nigeria's telecom regulator backs blockchain-based WiFi sharing startup Wicrypt

WiCrypt Homepage Screenshot (TokenPost)

Thu, 02 Jan 2020, 12:40 pm UTC

The Nigerian Communications Commission (NCC), an independent regulatory authority for the country’s telecommunications industry, has invested 2 million nairas (approximately $5,500) in blockchain firm Wicrypt, The Block reported.

The Nigerian Investment Promotion Commission (NIPC) made the announcement in an online post dated Dec. 28.

Wicrypt is a blockchain-based WiFi sharing platform that allows subscribers to earn money by sharing their mobile data.

“It leverages the blockchain and allows users to receive payments per megabyte of their wifi data consumed by a beneficiary,” the description on the official website reads.

Users can register on the platform via Wicrypt’s mobile app and deposit funds using bank accounts, card payments or Kenya Mpesa money, as well as cryptocurrencies - Bitcoin, ethereum and Binance token. The hosts, on the other hand, can withdraw earnings in the supported cryptocurrencies or using Kenya Mpesa account or local bank account.

Wicrypt has an inbuilt wallet that verifies if a beneficiary has enough cryptocurrency to start using the service.

“Wicrypt automatically cuts off a beneficiary when his money is exhausted. It allows automatic connection between user and beneficiary once the beneficiary has enough funds to start using the service,” it said.

TokenPost | [email protected]

<Copyright © TokenPost. All Rights Reserved. >

To leave a comment, please sign in.
More
  • Bitcoin (btc) $57,272.00 (+4.62%)
  • Ethereum (eth) $3,465.43 (+5.13%)
  • Binance Coin (bnb) $646.97 (+2.83%)
  • Dogecoin (doge) $0.621765 (-8.00%)
  • XRP (xrp) $1.70 (+18.52%)
  • Bitcoin (btc) $57,272.00 (+4.62%)
May 5, 2021 (Wednesday)
10:55
BTC Surges by 1.0% Within 5 Mins, Marking 55,805.6 USDT
May 4, 2021 (Tuesday)
23:49
BTC Drops by 1.01% Within 5 Mins, Marking 53,401.81 USDT
18:42
BTC Surges by 1.02% Within 5 Mins, Marking 54,642.47 USDT
14:37
BTC Drops by 1.38% Within 5 Mins, Marking 54,500.01 USDT
14:30
BTC Drops by 1.66% Within 5 Mins, Marking 55,268.1 USDT
00:52
BTC Drops by 1.51% Within 5 Mins, Marking 55,892.58 USDT
May 3, 2021 (Monday)
20:36
BTC Drops by 1.14% Within 5 Mins, Marking 56,646.7 USDT
13:51
BTC Drops by 1.22% Within 5 Mins, Marking 57,468.02 USDT
07:32
BTC Surges by 1.06% Within 5 Mins, Marking 58,600.82 USDT
01:41
BTC Surges by 1.0% Within 5 Mins, Marking 58,266.9 USDT
May 2, 2021 (Sunday)
03:40
BTC Drops by 1.09% Within 5 Mins, Marking 56,520 USDT
Apr 30, 2021 (Friday)
20:06
BTC Drops by 1.06% Within 5 Mins, Marking 56,424.32 USDT
10:00
XRP Tops List Of Crypto Net Inflow With $132.86 Mln In Past 18 Hours
04:39
TriumphX, NFT Marketplace Sole-X Beta Version Launched
02:02
Data Summary Of Boboo.com's Perpetual Contract: April 30
02:00
BTC Tops List Of Crypto Net Outflow With $203.08 Mln In Past 10 Hours
00:30
BTC Surges by 1.15% Within 5 Mins, Marking 53,749.11 USDT
Apr 29, 2021 (Thursday)
20:21
BTC Surges by 1.14% Within 5 Mins, Marking 53,070.31 USDT
18:06
BTC Surges by 1.06% Within 5 Mins, Marking 52,646.31 USDT
15:20
BTC Surges by 1.05% Within 5 Mins, Marking 53,877.3 USDT
Subscribe to the TokenPost newsletter!
Don't show me this again today.
Back to top
Copyright ⓒ TokenPost. All Rights Reserved.
PUBLISHsoft