While still nascent, this model of building telecom networks has seen promising developments. DePIN networks like Helium have created meaningful supply side footprints, supporting thousands of hotspots. By combining their footprint of hotspots with T-Mobile’s nationwide cellular network, Helium launched Helium Mobile to sell cheap phone plans directly to customers. The experiment is still early, with ~100,000 subscribers and 10,000 suppliers on the network, and many are skeptical it may ever work as free phones and two-year exclusive contracts present meaningful switching costs.
Western Union to Launch Stable Card, Issue Its Own Coin
Western Union has unveiled plans to introduce a new “stable card” to protect users in high-inflation economies as part of...
