Web3 connectivity startup GIANT Protocol, and Tango, the consumer brand of Proximus Luxembourg, recently announced a partnership “to bring blockchain benefits to customers worldwide.”
Suruchi Gupta, founder and CEO of GIANT Protocol, which aims to decentralize and democratize access to internet and financial services by tokenizing bandwidth, stated:
“We’re excited Tango has become the first telecom to join us in ushering in a new era of blockchain-enabled, lower-cost connectivity to customers around the world. Our blockchain technology paired with their bandwidth and digital solutions will enable customers to earn yield on their prepaid balance as well as rewards for going online, making it more fun and rewarding.”
Tango will become “a bandwidth provider for the GIANT Protocol, including for GIANT Connect, the first dApp powered by the GIANT Protocol, which allows users to stay connected everywhere they go, on the ground or in the air.”
Through the partnership, Tango customers with the GIANT Connect app on their phone “will be able to buy pay-as-you-go connectivity around the globe while earning yield on their account balances, receive crypto-backed rewards for staying connected and also become an indirect validator on the blockchain to help secure the protocol.”
Gerard Hoffmann, CEO of Proximus Luxembourg, a provider of digital services, communication and ICT solutions in Luxembourg, remarked:
“GIANT’s approach to tokenizing bandwidth contracts and unlocking value for providers and consumers is quite unique, and we are delighted to be one of the key launch partners. This furthers our goal of expanding digital opportunities so people live better and work smarter.”
In addition to accessing eSIM LTE data in 118 countries, users of GIANT Connect “can also access pay-as-you-go inflight WiFi on major airlines, including United Airlines and Lufthansa, as well as connect to 68 million WiFi hotspots globally.”
As covered in November 2021, GIANT Protocol was pleased to make its public debut with the announcement that it is developing a Web 3.0 protocol to “decentralize and democratize access to the internet and financial services.”
The tokenized bandwidth platform will “allow anyone with a mobile phone to access the internet and earn rewards based on their connectivity.”
As mentioned in an update shared with CI, GIANT Protocol is in “an advanced stage of development with an experienced founding team and a well-established network in the telecom sector.”
Suruchi Gupta, Founder and CEO had stated (last year):
“The world needs a simple, intuitive and practical way to bring blockchain and web3 benefits to the masses. GIANT was set up to address this through the creation of a global telecommunications layer built on the blockchain that turns our phone numbers into wallets and mobile minutes and mobile data into real world value for users.”
Gupta added (in November 2021):
“There are more than 5bn mobile phone users that spend more than $2 trillion to access broadband and mobile internet every year. By transforming bandwidth into a virtual currency, GIANT makes it easy to use, own, acquire cryptocurrencies and access new web3-based financial services. With only 220 million worldwide crypto users, GIANT will provide an on-ramp for earning and consuming crypto-based rewards for unused airtime.”