A crypto startup providing wifi hotspot sharing services in Nigeria has won funding from the country’s telecom regulator. Wicrypt placed second among 25 tech companies participating in an innovation competition organized by the Nigeria Communication Commission and it’s going to receive a grant worth 2 million naira to finance its project.
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Wicrypt Users Can Earn and Spend Crypto
Wicrypt allows subscribers to earn money by sharing their mobile data with other users who pay for the service. The platform’s app has been developed for Android and iOS devices and is already available on Google Play and Apple’s App Store. Hosts can connect their wireless routers to Wicrypt as well and set a price for the wifi hotspot. Clients pay to gain access but are also free to reward the hosts for the network quality and speed.
To connect to Wicrypt hotspots, wifi users need to have a sufficient amount of Wicrypt credits (WCs), the platform’s website explains. The application verifies if a…