CUEN – Cuentas, Inc. Steps Up to Support 23 Million Households with New Programs Following Affordable Connectivity Program Termination

Core Viewpoint - Cuentas, Inc. has partnered with World Mobile Group to provide an alternative internet access solution for 23 million households in the U.S. following the termination of the Affordable Connectivity Program, aiming to deliver cost-effective connectivity tailored to low-income families [1][10]. Group 1: Partnership and Market Opportunity - The partnership with World Mobile aims to leverage innovative technology to create localized networks, providing internet access at a cost that is 12 times less than traditional networks [6]. - The termination of the Affordable Connectivity Program presents a significant market opportunity for alternative telecommunication providers like Cuentas, targeting a potential market of 23 million households [10]. - Cuentas plans to promote this service through a network of 30,000 retail outlets across the U.S., enhancing its distribution capabilities [9]. Group 2: Social Impact and Services - The initiative is designed to facilitate access to essential services such as online education, job opportunities, healthcare, and community engagement for low-income families [3]. - Cuentas is creating an alternative financial ecosystem that integrates fintech, mobile telecommunications, and real estate services to serve the unbanked and underbanked Hispanic demographic [4]. - The Cuentas Mobile offering will include advanced eSIM and traditional SIM technology, ensuring reliable service and soon incorporating secure communications solutions [7]. Group 3: Company Overview - Cuentas, Inc. is focused on delivering next-generation digital financial services to underserved populations in the U.S. through its proprietary technologies [4]. - The company has launched a General Purpose Reloadable (GPR) Card that includes a digital wallet and offers discounts and rewards for purchases [4]. - World Mobile operates on a blockchain-based model, promoting a sharing economy that allows individuals and businesses to earn revenue by operating nodes on its network [11].