Minutes Network Launches Blockchain-Based Wholesale Telecommunications Service
Minutes Network, a UK-registered company, has announced the launch of its new blockchain-based wholesale telecommunications terminations service. This service aims to create a unique sharing economy enabled by the Minutes Network Token.
A Unique Approach to Telecommunications User-Acquisition
Minutes Network aims to secure the largest telecommunications user-base in the world by 2030. It plans to be the first company to reward consumers for making and receiving calls.
Collaboration with Leading International Telecommunications Operators
Minutes Network is working with international telecommunications operators to improve profitability from core voice traffic. It has established termination agreements with Skype, Lebara, IDT, and Vodatel and is expected to announce additional partnerships soon.
A $300 Billion Market Opportunity
The initial focus of Minutes Network is on the $13.25 billion international terminations market. However, it plans to expand into local voice traffic and global SMS, providing access to markets worth around $300 billion per year.
Founded on Proprietary Mintech Innovations
Mintech, Minutes Network’s innovation hub, has developed new telecommunications technologies and protocols to support this industry milestone. More innovations are expected in the future as Mintech serves as the technological foundation of the venture.
Network Capacity and Quality Secured by Minutes Network’s Node Structure and World Mobile Partnership
Minutes Network’s integrated node infrastructure ensures the capacity and security needed to handle large volumes of voice traffic. The company is also collaborating with World Mobile’s EarthNode infrastructure for further expansion.
Tokenising Telecommunications and Socialising Value
The Minutes Network Token (MNT) is the rewarding mechanism of Minutes Network. Node holders and consumers who make and receive calls will share 85% of all rewards, while 15% will be retained for Mintech innovations. The limited supply token will be distributed through algorithmic on-market transactions.
Hot Take: Transforming the Telecommunications Industry
Minutes Network aims to revolutionize the paid-for telecommunications sector by lowering prices for operators and distributing value to consumers and node holders. With its innovative blockchain-based approach, the company plans to transform a $300 billion industry.
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