Now I'll buy a stellar. Worlds First Cryptocurrency Mobile Phone Network YOVO Chooses Stellar (XLM) too))).
Despite a tumultuous and volatile market, infrastructure investment within the blockchain space sees no signs of slowing down. In another coup for the Maltese government, YOVO the worlds first cryptocurrency-based mobile phone network, has relocated its global headquarters to Malta.
Utilising the Stellar network, YOVO and its native YO token can be bought, earned and spent on over 500 mobile network partners, across 130+ countries at launch. Promising to be the first international mobile network powered by its own currency, YO tokens can be purchased or earned directly on a mobile phone. Tasks such as downloading and trying new apps/DApps, shopping, micro-tasks, receiving a call or text through the Virtual SIM, signing up to a new cryptocurrency exchange and more all earn the digital currency.
The Stellar protocol was also praised in the announcement, described by the YOVO team as the fastest protocol for building financial products that connect people everywhere.
In what promises to be an exciting business development to watch cryptocurrency, and the Stellar network in particular, seem ripe for industry application and disruption. Whilst its too early to tell whether the large telecommunications players are worried, YOVO and their blockchain solution will certainly capture the attention of professionals and the public alike. The company have secured an initial 20m of funding for their venture.
Despite the unpredictability of the current market, one thing is for certain finance ministers across the world will be growing increasingly impatient at their own governments inability to capitalise on the speed of development, and potential tax revenues from the blockchain space and envious of Maltas attractive legislation and growing digital global dominance.
Source:
https://cryptocoinspy.com/worlds-first-cryptocurrency-mobile-phone-network-yovo-chooses-stellar-xlm-and-malta/