By Wallace Mawire
Cudos taps into yet more underutilized devices’ computing power in Africa, wherein users are financially rewarded by recycling the spare compute of their mobile devices.
It is reported that following the partnership with Tingo International Holdings, with the vision of ending the poverty premium in Nigeria, the Cudos blockchain and computing network now joins forces with KamPay to increase its community reach to another 20 countries in Africa.
The initiative is expected to open the monetisation application to millions more users and brings passive crypto earning opportunities to anyone with an underutilised device.
KamPay has a DeFi stack designed for the African continent. Through its unique SMS crypto wallet, coding academy, agriculture micro lending program, and gaming and lottery partnerships, they have expanded their work throughout the continent, demonstrated by KamPay’s EcoSystem adoption across CAR, Sierra Leone, Zambia, Gambia, Niger, Chad and Tanzania.
Cudos will provide its monetisation application to KamPay’s vast spanning network and provide passive earning potential to millions.
The KAMPAY token will provide a new economic solution for Africans, where users can utilise devices they already own to earn passive income.
“Our project is about giving people in Africa more opportunities and options. African cultures embrace innovation, and African people present a demand for alternatives to traditional banking, as 95 million African residents are unbanked. We’ve seen this with mobile money, and now with crypto currencies, as, according to Chainanalysis, the continent has the world’s fastest crypto adoption rates.
The African market embraces these alternative options openly. To African residents it means accessible financial freedom. And now, thanks to this partnership with Cudos, we will enable people to use their devices as a way to earn passive income. It’s truly remarkable,” commented Chris Cleverly, CEO of KamPay.
The shared values of sustainable tech development, democratisation, equality, and economic empowerment of communities, have inspired this partnership. Simultaneously, this is about designing a brighter future by reducing the ecological impact of computing through the Cudos monetisation application.
“Social impact is very important to us, and while some of our partnerships reinforce our energy efficiency and scalability, this one is another step towards making a difference on a personal level for many people. Our goal is to create a circular economy of financial inclusion, security and democratised cloud resources, and with partners like KamPay, we will be better equipped to end the Poverty Premium,” according to Pete Hill, VP of Partnerships at Cudos. It is also reported that there are 95million unbanked in Africa, accelerated mobile adoption rates, fastest crypto adoption in the and world and GDP to grow 10x by 2050.
KamPay Token is a DeFi stack designed for the wants and needs of Africans, working together with key partnerships across the continent they are looking to achieve an African economic revolution with low-fee crypto wallet and transactions, internet-less crypto capabilities, earning opportunities for participants, and educational programmes for youth.
Cudos is powering the metaverse bringing together DeFi, NFTs, and gaming experiences to realise the vision of a decentralised Web3.0, enabling all users to benefit from the growth of the network.
It is an interoperable, open platform launchpad that will provide the infrastructure required to meet the 1000x higher computing needs to create fully immersive, gamified digital realities.
Cudos is a Layer 1 blockchain and Layer 2 community-governed compute network designed to ensure decentralised, permissionless access to high-performance computing at scale.
Its native utility token CUDOS is the lifeblood of their network and offers an attractive annual yield and liquidity for stakers and holders.