San José Uses Cryptocurrency To Bring The Internet To Low-Income Families





San Jose officials have announced a new program that will bring the internet to thousands of the city's residents by leveraging blockchain technology.

 In partnership with Helium and the California Emerging Technology Fund (CETF), during its pilot period, 1,300 low-income families will receive prepaid gift cards, converted from cryptocurrency tokens mined through point-of-sale devices. 

“Here in the heart of Silicon Valley, San José must lead by example in how to address the challenges of emerging technologies and public-private partnerships,” said San José Mayor Sam Liccardo. 
safer, more durable and fairer. This first-rate partnership between the town hall, Hélium and CETF represents one of the many innovative models of public-private partnership that we are pursuing to bridge the digital divide of inhabitants.

 The city will deploy and install hotspots at volunteer residences and small businesses across the city. 

Hotspots only require the power of an LED bulb and transmit less than two megabytes of data per month.

 All currency mined from hotspots will be used to pay grants to residents of San José. 

This is the latest program the city has put in place during the pandemic to bridge the digital divide and follows the $ 24 million San José Digital Inclusion Fund, device retrofit partnership with Revivn, distribution more than 15,800 access points. municipalities that will connect more than 300,000 inhabitants by the end of 2022.

Post a Comment