Pareteum Corp (NYSEAMERICAN:TEUM) has made an announcement disclosing that it has succeeded at expanding its relationship with AirFox. And that has been through the addition of AirFox’s AirToken (AIR) platform and Blockchain to the Pareteum Global Cloud Service Platform.
Pareteum’s continued expansion is a matter that was foreseen by several market observers some time ago. It is becoming a reality since it is now quite evident that it is expanding into the global and emerging markets but of course business dynamics is a matter that shouldn’t catch anyone by surprise.
The most recent collaboration was aimed at delivering subscriber connection subsidies to the customers of Pareteum MVNO. The other ones that needed to be catered for were the retail customers and the plan was that they be attended to via paid advertising by Alphabet Inc (NASDAQ:GOOGL) as well as the rest of the advertising management platforms.
A person familiar with the most recent developments said, “The addition of AirFox’s microloan application, backed by its AirToken (AIR), provides MVNOs (Mobile Virtual Network Enablers), and, Smart City companies their own peer to peer direct non-cash settlement services.”
He went further to outline that they were those crypto paid and Blockchain secured services that were expected to serve the wide range of the local citizens needs. Quiet a significant number of them are under banked and are associated with a micro lending opportunity that will most probably yield a demonstrable ecosystem impact. The passage of time is witnessing a series of changes, among these being the facilitation iof the seamless, non-cash payments and of course that is through the various mobile services in use.
CEO of Pareteum Vic Bozzo in a recent interview outlined that they were forging ahead into the underserved markets. According to him, the new Internet paradigm shift in mobile was a pretty good thing considering that it allowed a large number of investors to proceed and crowd source regional opportunities which some time back had been reserved specially for the local services.
He added that they were pleased to make the announcement regarding the expanded partnership since it was the best way for them to succeed in line with serving a large number of companies with quick access to the blockchain-powered AirToken platform.