On August 15, 2018
Cryptocurrencies or magic internet money, anything you wish to call it, is fast becoming the future of online trading. How long will it be in play??? That’s still a huge debate amongst developers but one thing is certain and that’s the need for more crypto-bound apps!
With increasing online transactions, there is a massive need for platforms enabling easy payment and receipt for services provided and also for swift transferability… Still wondering where WiCrypt comes in?
The Kin Developer Program, is a modelled initiative that will empower developers to successfully create KIN-powered apps, or build KIN-powered experiences into their existing apps with more than 200 developers from over 37 countries around the world proposing new and innovative use cases for KIN over the past few months, with WiCrypt, a product of Ugarsoft Limited being 1 out of the 40 selected finalists in the KIN Developer Program.
WiCrypt enables its users to get paid while sharing their WiFi (Now tell me what beats that, really!). The app is so unique, it allows peer-to-peer internet sharing, giving you your deserved reward for sharing your mobile data. Users can easily purchase a connection to a WiCrypt hotspot using KIN while the hosts will earn KIN in return for providing internet connection. And when you think it’s all over…BOOM! Users get to receive bonuses for high ratings from those who have used their internet connection. (Now I’m certain nothing beats that!).
WiCrypt (which by now I guess you already know is the first of its kind), leverages the Blockchain and allows users to receive payments per kilobyte of their WiFi data consumed by a beneficiary, allowing the user having the freedom to set desired price per kilobyte of data consumed. The app which is an inbuilt wallet will verify the beneficiary has enough cryptocurrency to start using the service and automatically disconnects the beneficiary when the money is exhausted.
With WiCrypt, the problems of expensive internet services, unavailability of service from service providers at specific locations, unavailability of internet services for tourists and underutilization of abundant internet connection by Individuals/Companies that do not exhaust their excess data or have unlimited internet connection have all been solved.