This week there was a post on Stellar's Twitter announcing a new partnership and a completely new integration of the Stellar network. This announcement follows recent news of YOVO - the first mobile network on blockchain - moving to Malta.
Through integration with Stellar, YOVO is creating a new cryptocurrency mobile network that will be fully supported and fully funded by the cryptocurrency, namely the YO token, which will soon become part of the Stellar network.
In its current form, YO tokens will be available for purchase in over 500 partner mobile apps and in over 130 countries immediately upon launch. In addition, YO tokens have an incentive program that will reward network users for completing tasks, such as downloading and testing applications, completing tasks, making purchases, making and receiving calls, and even registering on cryptocurrency exchanges. By completing these tasks, users will receive YO tokens, which can be spent, for example, as a payment for a phone bill.
According to CryptoCoinSpy, Richard Scaife, CEO of YOVO, recently commented on recent events, including the company's move to Malta. He stated:
"The world's most innovative mobile network is proud to call Malta, a world leader in blockchain, home. We will serve the funds of millions of users of our mobile platform, as well as be an active part of the blockchain community that is growing on this island every day. We would like to extend a special thank you to Silvio Schembri, Minister of Financial Services, Digital Economy and Innovation of Malta."
YOVO has created an interesting concept that will obviously impact major telephone networks around the world. Even without thinking too much about the issue, it is quite easy to understand that blockchain-based telephone networks can solve many problems. International calls, for example, will be no different from domestic calls. In addition, by using blockchain technology, the network can much better protect its customers from unauthorized reading of messages or wiretapping of calls. Developments like these could have a significant impact on the future of cryptocurrency. This is worth remembering.
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