Much of the world remains unbanked. It is estimated that almost 2 billion people find themselves in this situation. This issue remains today, as traditional banking is simply too expensive to be used in a practical manner.
Despite not having access to financial services, much of this unbanked population owns cellphones. Unable to utilize traditional banks, these cellphone holders are often unable to make use of internet telephony. Talketh has recognized this as an opportunity.
By utilizing blockchain, Talketh has developed a method for unbanked cellphone owners to gain access to VoIP.
Talketh, which functions as a smartphone app issued by Horizon Globex, specializes in providing low-bandwidth internet services. This takes shape primarily as a VoIP provider.
The numbers show an enticing market that could prove to be quite lucrative. All while offering a service to better the lives of many.
-- Over 70% of the worlds cellphones do not yet have 4g
A huge portion of the human population does not have access to internet fast enough for VoIP. Even if they did, 2 billion cannot access it due to the inability to access credit and traditional financial services.
Through the use of their low-bandwidth technology, and utilization of blockchain, Talketh thinks they can change this.
How does it work?
Talketh will be distributing crypto scratch cards in their desired markets. Locals are able to purchase these scratch cards with FIAT. These cards can then be redeemed for VOX tokens. The VOX tokens can then be transferred to the Talketh app, and redeemed for services.
The whole process should take only a few minutes, and allows the unbanked to gain access to internet telephony.
Do the people Talketh?
The need for a service such as this is simple. Internet telephony is significantly cheaper than cellular. The challenge is providing this as an accessible service to emerging markets. With the process described by Talketh, they should be able to do just that.
Not only will they be offering a new service, but they will be offering a superior and cheaper one.
To aid in their goal of providing online services to the unbanked, Talketh/Globex is turning to an STO. Hosted by BANQ, the STO has a goal of $35 million. The sale will see the distribution of an ERC-20 token dubbed ‘VOX’. With a fixed supply of 50 million tokens, 37.5 million will be made available in the STO. Each of these tokens represents a single share in Globex.
With VoIP significantly cheaper than traditional cellular services, Talketh believes they can reach their goal of over 500,000 new subscribers in their first year.
To learn details about the project, please view our Talketh Token Listing page.