Algorand Foundation has just inked a deal with the largest mobile phone manufacturer in Africa
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In a recent Twitter Spaces, Staci Warden, new CEO of the Algorand Foundation, announced that the Algorand Foundation has struck a deal with one of the largest smartphone manufacturers in Africa.
The CEO of the smartphone company came to the realization that Africans can afford smartphones but can’t afford to pay for them all at once, which is why he wants to offer smartphones where you pay a larger sum at the beginning and then a monthly subscription fee. The subscription also includes a preinstalled tech stack, which will also include the Algorand Wallet. In addition, a neobank is being worked on so that more services can be offered, such as insurance or ways to generate yield.
The company is also working on licensing deals with other manufacturers such as Apple so that more smartphones can be offered. After one year, the smartphones will be upgraded automatically. The whole thing is to start soon in Tanzania.
Source: https://twitter.com/i/spaces/1rmGPgRBBoQKN/ (Timestamp: 1:29:01)
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