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Cuentas Inc. (CUEN) stock surged during current market trading. Let’s find out why?

BLDE stock

BLDE stock

Cuentas Inc. (NASDAQ: CUEN) stock gained by 87.41% during the current market trading session. Cuentas is a FinTech e-banking and e-commerce services company with unique technology that aims to help the unbanked and underbanked Hispanic and Latino community.

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TelcoDR has picked WaveMax Corporation, the creator of the world’s first shared WiFi network, as part of their most innovative mobile technologies display at Mobile World Congress in Barcelona (Booth #1242 West). WaveMAX will give a first peek of the world’s first WiFi6-5G shared network, which will deploy in New York soon.


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However, Cuentas has agreed to put out SharedFi in 170 test locations around the New York City-Tristate area. If the six-month trial goes well, the partners aim to open 1,000 more “Bodega Stores” in a 50/50 joint venture. The customers will benefit from the service by being immediately connected to WiFi6 high-speed internet and receiving unique in-store deals while in the Bodega shop. Users will also enjoy discounts on items sold through the Cuentas Mobile App and promotions for the Cuentas GPR card.

Furthermore,

WaveMax’s proprietary SharedFi technology enables a shared network of tiny cells and WiFi access points. The users have access to this shared network and may be subjected to location-based advertising if he has opted in. Advertisers use WaveMAX’s dashboards to target the appropriate audience, at the right time, and in the right place, either manually or programmatically. Advertisers may examine aggregated data and outcomes while openly optimizing their advertising spend with zero fraud and no violation of user privacy. The customer can additionally pay for an ad-free subscription service or have the service included as part of their roaming deal’s data plan. A portion of the ad, subscription, or roaming money goes to access points and small cell owners.

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