Providing Internet to the third world: case solved with crypto?

December 29, 2018
Chris Wheal

A new development by Supreme Global Holdings (SGH) has seemingly eliminated one of the many factors that often deter aspiring crypto users.

It’s no surprise the lack of internet access in developing countries had hindered people from using cryptocurrencies. In response to this issue, SGH plans to provide internet access to the third world. More specifically, the plan involves the company releasing a new crypto exchange in partnership with SGH’s satellite company, SupremeSAT. According to media reports, the latter has already jumped on board with these plans by recently permitting SupremeCryptox to use their facilities for a data and a mining operation center.

The crypto exchange also hopes to promote the adoption of cryptocurrency along with a variety of other services. The company plans to create its own stablecoin that’s backed by the company, as well as easing the transaction process for users by improving the exchange of cryptocurrency, fiat currency and blockchain products.

The SGH exchange will operate in Malta – the acclaimed world’s capital for cryptocurrency and the self-proclaimed Blockchain Island. Much like their names suggest, the Maltese government supports bills and regulations in favor of blockchain and crypto. With the support of this regulatory body SGH hopes to hit the road running with its development already next year.

Post written by Chris Wheal
Chris Wheal is editor of OpenLedger's news and features service. An award-wining business journalists himself, he runs a team of freelance journalists from across the UK and north America.

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