Guinea-Bissau internet provider Cajutel will use blockchain technology to help it raise funds for its ambitious aim of bringing the internet to the 98% of West Africans currently lacking a service. The company plans to build a cost-effective broadband and mobile phone network, and has launched an initial coin offering (ICO) to raise 1400. CEO Andreas Fink said tokens purchased during the ICO would be automatically turned into company shares, offering a long-term investment.
Guinea-Bissau internet provider Cajutel will use blockchain technology to help it raise funds for its ambitious aim of bringing the internet to the 98% of West Africans currently lacking a service. The company plans to build a cost-effective broadband and mobile phone network, and has launched an initial coin offering (ICO) to raise between $12m and $30m. CEO Andreas Fink said tokens purchased during the ICO would be automatically turned into company shares, offering a long-term investment.