What is WiCrypt? - Diffusion Digital April 2021

TL;DR

WeCrypt is a service that allows users to share and monetize their Wi-Fi, aiming to address the high cost of mobile internet data in Africa.

Transcript

that's why i started i'm thinking about how we could create a system you know that could allow people to be and monetize their wi-fi anywhere they are at any time at all in the world using their mobile phones or some hardware devices uh yeah we've got ugo just continuing the discussion for those of you who are on our kind of our crypto africa panel... Read More

Key Insights

• ✋ WeCrypt aims to address the high cost of mobile internet data in Africa by providing a platform for sharing and monetizing Wi-Fi.
• 😃 The service offers a mobile app and firmware for routers, enabling users to easily connect to Wi-Fi networks and make real-time payments.
• 👨‍💼 Businesses, offices, and other venues benefit from WeCrypt's tokenized data system, allowing them to control usage and reduce costs.
• 🌱 WeCrypt plans to expand beyond Africa and has seen interest from various countries, with a focus on product stability, educational resources, and optimized operations.
• 😃 The company provides incentives for users to set up Wi-Fi zones and ensures network reliability by requiring token holdings.
• 📞 WeCrypt has received support from the Nigerian government and has secured grants, operating without external investments.

Questions & Answers

Q: How does WeCrypt solve the problem of expensive mobile internet data in Africa?

WeCrypt allows people to share their Wi-Fi and monetize it, providing an affordable alternative to expensive mobile internet data. Users can connect to Wi-Fi networks and make payments in real time.

Q: What are the benefits of using WeCrypt for businesses and offices?

WeCrypt offers businesses and offices the ability to control Wi-Fi usage by tokenizing data for individual users. This ensures fair usage and reduces costs as the data disconnects once it's exhausted, without additional charges for users.

Q: How does WeCrypt plan to expand beyond Africa?

WeCrypt has received positive responses from other African countries and plans to expand its services there. The company aims to establish stable products, optimize sales and operations processes, and provide educational resources to reach more people.

Q: How does WeCrypt incentivize users and ensure network reliability?

WeCrypt incentivizes users by allowing them to earn tokens for setting up Wi-Fi zones. Users must also hold a certain number of tokens to earn from the WeCrypt network, ensuring reliability and removing unreliable participants.

Summary & Key Takeaways

• WeCrypt is a platform that enables people to share their Wi-Fi and earn money, helping to solve the issue of expensive mobile internet data in Africa.

• The service provides a mobile app and firmware for routers, allowing users to connect to Wi-Fi networks and make payments in real time.

• WeCrypt extends the existing telecommunications infrastructure, giving people access to affordable internet and enabling them to reduce costs by purchasing data in bulk.