New partnership with MELD

Alan Omnet, World Mobile COO

Our vision is to connect the unconnected, provide access to banking, and empower economic freedom for all. This exciting new partnership with MELD, also built on Cardano, will allow us to deliver decentralised finance (DeFi) to our customers, creating better, more affordable access to digital banking and loans in Africa and beyond.

Additionally, we will be working closely with MELD to create financial instruments that make it easier to purchase and deploy World Mobile infrastructure and services. We are honored to have MELD join the World Mobile sharing economy.

Who is MELD?

MELD is the first DeFi, non-custodial, banking protocol for securely lending or borrowing both crypto and fiat (USD and EUR) currencies. MELD allows you to retain full ownership of your crypto assets with an instant liquidity framework. One of their key goals is to make finance more affordable and fair — no matter where you’re located in the world.

Why MELD:

• Get an instant loan against your cryptocurrency holding at a competitive APR
• Leverage the value of your crypto to borrow cash when you need it
• Built on Cardano’s blockchain
• Uses smart contracts to ensure complete transparency and fairness
• DeFi protocol is safe from changing laws or unexpected events

Providing access to loans at the lowest interest rates

Our partnership with MELD will provide World Mobile customers with access to loans at very low or zero interest rates. World Mobile operators will be able to finance nodes affordably and earn from providing the capital for deploying the World Mobile network. MELD joining our technology stack is an important piece of the World Mobile ecosystem. By MELDing together our customers will have access to dCommerce, DeFi, dCommunication, and dCompute.

Our shared vision

Like World Mobile, MELD has a long-term goal to enable the $15 trillion currently locked out of the global economy, including two billion individuals worldwide that are either underbanked or have no access to banking services. The people affected most by the lack of access are paying the highest fees and getting the worst customer support. Together, we can change that starting in Africa.

“This crossover of DeFi, connectivity and a sharing economy will enable MELD to realize several of our goals and help support World Mobile to achieve theirs.” - Hai Nguyen Quang, MELD CEO

“Our partnership with MELD is an important piece of the World Mobile ecosystem and technology stack. We’re excited to work together to deliver decentralised finance in order to bank the unbanked.” - Alan Omnet, World Mobile COO

Together World Mobile and MELD hope to create better access to decentralised banking and loans to empower economic freedom for all

To learn more, read MELD’s whitepaper or visit their website.