BitMinutes, a fintech start-up, has a dream of revolutionizing Third-World financial services through the aggressive use of FinTech innovations and the vehicle of a cryptocurrency called BitMinutes.
Their stated mission is to improve on the BitCoin idea (hence the tagline “better than BitCoin for billions”) to create a cryptocurrency that ties itself to one of the world’s most widely traded informal currencies: The Prepaid Airtime Minute. The developed world doesn’t pay for phone time by the minute anymore, but the developing world does, and will for some time. The unlimited dataplan is not financially feasible for Mobile operators in those parts of the world. The prepaid minute has become a token of exchange on the same mobile network, trading minutes back and forth to top each other up, pay debts and the like. BitMinutes plans to provide a way to make those minutes tradable between networks and cashable - unlocking serious economic opportunity, by making financial transactions much less expensive.
Read the details in the article of Coinidol dot com, the world blockchain news outlet: https://coinidol.com/another-price-rise-for-bitminutes-pre-ico/
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