Solana-Based Altcoin Surges 39% in Two Days As Crypto Project Partners With Telecom Firm

A Solana-based (SOL) wireless crypto project is skyrocketing after partnering up with a telecom firm.

In a new press release, Nova Labs, the team behind Helium Mobile (MOBILE), says it’s collaborating with Spanish telecom firm Telefónica to launch mobile hotspots in select parts of Mexico.

According to Nova Labs, Helium and Telefónica together will not only boost the mobile phone network’s service area but will also offer a unique feature – the ability for users to access mobile WiFi using just a phone’s SIM card.

“Nova Labs, a pioneer in decentralized wireless communication technologies, have partnered to launch Helium Mobile Hotspots in Mexico. The solution, implemented with select customers in Mexico City and Oaxaca, will extend Telefónica’s coverage and enable the offloading of mobile data to the Helium Mobile Network and improve overall mobile coverage service for customers…

Helium Mobile Hotspots are connected to a proprietary management system developed by Telefónica, which controls its customers’ automatic access to the Helium Mobile Network for mobile data sessions. Telefónica maintains full control of the customer experience and monitors hotspot status before allowing access and downloading data over the Helium Mobile Network.”

As stated by Amir Haleem, the chief executive of Nova Labs, in the press release,

“Alongside Telefónica, Nova Labs has solved one of the main challenges for telecommunications and pioneered a solution that supports secure data offload that can be implemented globally. This is a major advancement for the telco industry and will significantly reduce infrastructure cost while maintaining high-quality service.”

News of the collaboration caused MOBILE to spike, going from a weekly low of $0.0023 to a high of $0.0032 in just two days, a 39% gain. The digital asset has since retraced and is trading for $0.0029 at time of writing.

Don’t Miss a Beat – Subscribe to get email alerts delivered directly to your inbox

Check Price Action

Follow us on Twitter, Facebook and Telegram

Surf The Daily Hodl Mix

Check Latest News Headlines

&nbsp

Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

Featured Image: Shutterstock/Falookii/WindAwake