Cuentas Inc. (CUEN) has rose 4.34% at $6.49 in the premarket session on the last check today. CUEN stock gained 123.74% to reach $ 6.22 in the last trading session. CUEN stock ranged between $ 5.80 and $ 9.25 in the last trading session.
A total of 208.96 million shares of CUEN stock changed hands, compared to its daily average of 0.17M shares over 100 trading days. Within the last five days, shares of CUEN have risen 184.02%, while in the last month they have risen 174.01%. CUEN stock has been on the rise after doubling its value in previous sessions.
How did CUEN more than double its value?
A FinTech service provider with a mission to provide solutions to the unbanked and underbanked Hispanic and Latino community, Ceuntas provides e-banking solutions and e-commerce services. CUEN offers a variety of services, including mobile banking, online banking, mobile deposits, prepaid debit, ACH, and a cash remittance program. It also provides peer to peer money transfers and bank accounts to clients who were unable to acquire bank accounts previously.
The world’s first shared WiFi network, WaveMax Corporation, was selected by TelcoDR as part of their showcase of the most innovative mobile technology during Mobile World Congress in Barcelona.
- As part of its collaboration with Cuentas (CUEN), WaveMAX will show off the world’s first WiFi6-5G shared network coming soon to New York.
- Using WaveMax’s SharedFi technology, small cells and WiFi access points can be shared.
- If the user opts in to be impacted by location-based advertising, he/she gains access to this shared network.
- WaveMAX advertiser dashboards are used to customize ads so that they are targeted to the right audience, at the right time, and in the right place.
- CUEN has signed a contract to roll out SharedFi at 170 test sites in the New York City-Tristate area.
- CUEN plans to install 1,000 new “Bodega Stores” in a 50/50 joint venture with WaveMAX if the 6 month test is successful.
- In addition to the automatic connection to WiFi6, customers will receive special offers inside the Bodega store to enhance their shopping experience.
- Customers will also receive product discounts via the Cuentas Mobile App and promotional offers for the Cuentas GPR card.
CUEN’s other agreements:
Cuentas (CUEN) recently signed a Marketing Agreement with SDI Black 011 (SDI), one of the larger prepaid telecommunications companies, to incorporate multiple products for sale. CUEN will integrate Cuentas Prepaid Mastercard, Cuentas Mobile App and digital wallet into its electronic portal, while SDI will be able to expand the SDI distribution network through CUEN. CUEN will deposit $200,000 in escrow to jump start the SDI network expansion, initially in New York, New Jersey, Connecticut tri-state area to sign up 1,000 new targeted prime locations in the United States.
