- The arrangement would allow consumers to monetize their cell phones.
- The agreement will first touch around ten million Tingo smartphones.
Cudos’ recent declaration at the AIBC conference drew a standing ovation. It will cooperate with Tingo to combat poverty via mobile monetization apps. The news came at AIBC Malta, a worldwide event bringing together, AI, UI, IoT, and Quantum Tech. Cudos is a developing, scalable computing network with over 500,000 corporate and consumer accounts. Like Airbnb for computing, this sustainable strategy eliminates waste and evenly distributes revenue.
Cudos is already over two million times more energy-efficient than Ethereum and carbon-neutral. The decentralized cloud provider’s ongoing testnet ‘Project Artemis’ has attracted over 22,000 developers. Cudos will be the first blockchain to link customers to scalable computing through smart contracts. These are the building blocks of the metaverse, and in this instance, a country’s decentralized computing.
Ten Million Tingo Smartphones
The agreement will first touch around ten million Tingo smartphones. The cooperation would allow the establishment of a distributed cloud for Nigerians, operated by Nigerians and paid to Nigerians. Tingo will next grow throughout Africa and South America, extending its positive impact.
But the value of teamwork extends beyond financial independence. It combines social and environmental demands while lowering computing’s environmental effect. The arrangement would allow consumers to monetize their cell phones. This would build a digital ecosystem that included millions of devices using Cudos technology. Cudos can establish a highly dispersed smartphone cloud computing network throughout Nigeria before moving into other areas using Tingo. Let’s face it, we all need more computational power.
Through the partnership with DeFi partners MELD, Tingo’s concept aids farmers in rural Nigeria who obtain single-digit loans rather than the normal microfinance of 25% plus interest. Farmers could utilize phones to earn CUDOS. Within the ecosystem, CUDOS will become a payment currency. As a result of the network, rural Nigerians would make money, and the fast urbanization will be slowed.
Cudos will now be listed on CoinField, a European exchange recently purchased by Tingo International Holdings, enhancing community reach and liquidity. CUDOS will serve as more than just a means of payment in this environment. The network would serve as a computing platform for Nigerian colleges and universities, providing income to individuals in rural regions.
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