Solana-Based Altcoin Surges 39% in Two Days As Crypto Project Partners With Telecom Firm

A Solana-based (SOL) wireless crypto project is skyrocketing after partnering up with a telecom firm.

In a new press release, Nova Labs, the team behind Helium Mobile (MOBILE), says it’s collaborating with Spanish telecom firm Telefnica to launch mobile hotspots in select parts of Mexico.

According to Nova Labs, Helium and Telefnica together will not only boost the mobile phone networks service area but will also offer a unique feature the ability for users to access mobile WiFi using just a phones SIM card.

Nova Labs, a pioneer in decentralized wireless communication technologies, have partnered to launch Helium Mobile Hotspots in Mexico. The solution, implemented with select customers in Mexico City and Oaxaca, will extend Telefnica’s coverage and enable the offloading of mobile data to the Helium Mobile Network and improve overall mobile coverage service for customers

Helium Mobile Hotspots are connected to a proprietary management system developed by Telefnica, which controls its customers automatic access to the Helium Mobile Network for mobile data sessions. Telefnica maintains full control of the customer experience and monitors hotspot status before allowing access and downloading data over the Helium Mobile Network.

As stated by Amir Haleem, the chief executive of Nova Labs, in the press release,

Alongside Telefnica, Nova Labs has solved one of the main challenges for telecommunications and pioneered a solution that supports secure data offload that can be implemented globally. This is a major advancement for the telco industry and will significantly reduce infrastructure cost while maintaining high-quality service.

News of the collaboration caused MOBILE to spike, going from a weekly low of $0.0023 to a high of $0.0032 in just two days, a 39% gain. The digital asset has since retraced and is trading for $0.0029 at time of writing.

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This article was originally reported on The Daily Hodl.