Cuentas Inc. (NASDAQ: CUEN) stock declined by 4.68% at last close whereas the CUEN stock price gains by 2.6% in the after-market. Cuentas is a Fintech firm that combines technological innovation with existing and upcoming technology to provide consumers with mobile, new-era, and conventional financial services that are accessible, efficient, and dependable.
Recent Development in CUEN stock
WaveMax’s proprietary SharedWiFI6 technology will be rolled out in 1,000 sites thanks to an exclusive Definitive JV agreement signed by Cuentas. With 500 sites in New York City, 330 locations in New Jersey, and 170 locations in Connecticut, the deployment will begin throughout the broader New York City Metropolitan Area. The arrangement also includes intentions to expand the service to other parts of the United States. In a 50/50 joint venture, the companies will deploy sophisticated WiFi6 Access Points and Small Cells in these 1,000 “Bodega Stores.” These will become Cuentas premium sites near public railway stations and mass transportation hubs, with all Cuentas products and services available on secure networks.
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Customers will benefit from the WiFi6 service by being immediately connected to SharedWiFi high-speed internet and receiving unique in-store incentives while in the Bodega shop. Cuentas customers will also receive promotions for the Cuentas GPR card and discounted items offered via the Cuentas Mobile App at Cuentas POS outlets.
Cuentas will be able to access the advertising ecosystem owing to this one-of-a-kind arrangement that their companies are bringing to market. It will use big companies to promote through mobile phones, and Cuentas products and services will receive a 50% discount on this digital marketing network for most favored nation pricing.
WaveMax’s proprietary SharedFi technology enables a shared network of tiny cells and WiFi access points. The user can connect to this shared network and may be subjected to location-based advertising if he has opted in. Advertisers configure these advertisements using WaveMAX’s dashboards, manually or programmatically targeting the appropriate audience at the right time.