Published on September 16th, 2017 | by bitcoin0
A unique ICO that satisfies a wider range of investors has been launched by an internet service provider
Blockchain enables global participation
High speed Internet provider, Cajutel, is using Blockchain technology as a tool to raise capital for the development of Internet services in Guinea Bissau and Guinea.
The CEO of Cajutel, Andreas Fink, explains that his company has embraced the Blockchain and ICO methodology of raising capital, in other to open up opportunities for investment to smaller investors.
According to Fink, his company’s ICO is different from most other token sales because in Cajutel’s case, company shares are exchanged for cryptocurrencies.
This enables Internet technologies not currently present in West Africa simply due to lack of bandwidth and too high prices.
The globalization phenomenon is essentially lubricated by Internet technology, therefore for purposes of national and regional growth and development, the Internet is an essential tool.