YOVO is a TLC network based on the Stellar blockchain technology, that makes possible to earn and spend cryptocurrencies on telephone services. YOVO aims to become the first mobile telecommunications network with its digital currency. The project is introduced by the team of 30 members and a starting investment of 20 million euros. It has planned a cooperation with partners in 130 countries, a number that, as claimed by the startup in a press release, is expected to rise above 200 in the next 12 months.
With its rules and crypto-friendly structures Malta, a member of the EU, has endorsed many projects connected with cryptocurrencies and the distributed and decentralized blockchain protocol. The officials of the island are preparing to accept 3 new laws in order to open the doors to digital coins. The Malta Digital Innovation Authority Bill, the Innovation Technology Arrangements Services Bill and the Virtual Financial Assets Bill have come to the second reading in Parliament.
The Secretary for Financial Services and the Digital Economy and Innovation of the Parliament Silvio Schembri displayed the great satisfaction with the arrival of YOVO, a group led and co-founded by Richard Skaife (CEO).
From the island we will be able to serve millions of digital customers with mobile services, since our headquarters will play an active role in the growing community of the blockchain.
Founder, CEO, YOVO
The most innovative mobile phone network in the world is proud to be able to settle in Malta, world leader in the field of blockchain.