London, United Kingdom, December 28th, 2023, Chainwire
Minutes Network Ltd, the world’s first blockchain-based wholesale voice termination service provider, is set to reinvigorate telecommunications operator profitability with its innovative approach to voice call services. In a departure from recent industry trends, the company introduces the Mintech innovations hub and its proprietary suite of cutting-edge technologies and protocols that enhance operator profitability in the paid-for market.
Josh Watkins, Minutes Network’s CEO highlights the challenges facing the sector in the wake of VOIP solutions like Whatsapp, Telegram, and Viber, which led to a significant shift in international traffic towards free calling options. Watkins stated, "We are the first technological innovation that will help restore profitability to the paid-for market. Our breakthrough model monetises and tokenises bandwidth. Uniquely, Minutes Network sets its own international termination rates, and we reward all parties in the value-chain including the distributed infrastructure operators, callers and callees.”
The Mintech innovations enable Minutes Network to terminate traffic at nearly zero-cost, providing operators with unparalleled termination rates. Watkins emphasised, "In the world of Least Cost Routing (LCR), Minutes Network has created a structural cost advantage that cannot be matched anytime soon. Moreover, as a virtual operation, we are freed from the regulatory constraints facing other wholesale termination providers."
While maintaining a level of confidentiality around the specifics of these innovations, Watkins stated, "Our innovations are commercially sensitive, and we are exploring several patent applications to protect our IP. Additionally, we are in live negotiations with target partners over exclusivity agreements concerning the deployment and integration of the new technology suite. There is more information about Mintech on the MNT website and, as we are able, we will release more information into the public domain.”
Despite the challenges posed by VOIP, the international and domestic paid-for voice calls market remains a substantial $250 billion annual business. Watkins outlined the company's strategic focus, stating, "Our first foray is to attack the $13.25 billion international voice market, providing us with a point of entry into domestic calling and SMS. Our 2030 objective is to be competing aggressively across a $300 billion market. Watch out for more information coming out regarding Minutes Network's growing list termination partnership agreements with global tier1 operators as we forge a new, profitable, pathway in PSTN-originated, paid-for voice calls.”
For more information, please visit Minutes Network Website.
About Minutes Network
Minutes Network is a telecommunications innovator dedicated to reshaping the industry landscape. Through Mintech, its proprietary innovations hub, the company is committed to providing operators with ground-breaking technologies to enhance profitability in the dynamic telecommunications market.
ContactCEOJosh WatkinsMinutes Network Ltdjosh@minutesnetwork.io+44 7944 842201
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