On September 19th, 2024, the !mpact 2049 event was held in Singapore, marking a significant milestone for Roam. With over 1000 attendees, the event brought together leading innovators and projects in the crypto space to explore the real-world impact of blockchain technology.
During the event, Roam, the first decentralized telecom data layer, announced the launch of the Roam eSIM and the first DePIN Hardware Financing Program in collaboration with Huma Finance. These announcements attracted attention from many people, as they emphasize Roam’s dedication to enhancing global connectivity and financial access through blockchain technology.
Roam eSIM: Stay Connected on the Go
The launch of the Roam eSIM represents an advancement in providing seamless global connectivity for a wider range of users. While physical SIM cards are a common choice for everyday use, they can present challenges for travelers, such as waiting days to receive the card or the risk of losing the original SIM card. Recognizing these challenges, Roam has developed the Roam eSIM feature to simplify the process, offering users the quickest and most straightforward way to access the internet.
One of the standout features of the Roam eSIM is its ability to support multiple plans on a single device. This functionality allows travelers to effortlessly add international data plans without disrupting their existing phone contracts. By aggregating services from over 400 networks in 180 countries, users can connect to the fastest and most reliable 4G or 5G networks, regardless of their location.
Security and privacy are also top priorities with the Roam eSIM. All mobile data is fully encrypted, safeguarding users against potential cyber threats. Connections are protected from exposure to the public internet, enabling users to browse, stream, and work without concerns. After purchasing your selected plan through the app, your eSIM can be seamlessly added to your device or activated by scanning a provided QR code.
Furthermore, the Roam app is now offering users the opportunity to earn free data, providing up to 50MB of free data per day when user Check-In at Roam WiFi hotspots. Users can redeem this data at any time
The Roam eSIM is accessible through the Roam app, available for download on both the App Store and Google Play.
DePIN Hardware Financing Program: Buy Now Pay Later
In a strategic partnership with Huma Finance, Roam introduced the DePIN Hardware Loan Program, aimed at accelerating the deployment of its physical infrastructure while providing users on Huma’s platform the chance to engage in the DePIN sector through on-chain PayFi tools.
At the !mpact 2049 event, Lily Liu, President of the Solana Foundation praised the innovation of the DePIN Hardware Loan Program: “PayFi enables an innovative financial paradigm and product experience that couldn’t happen with traditional finance, and promotes Mass adoption across the Web3 ecosystem. It promotes the mass adoption of the entire Web3 ecosystem”
By joining the program, users can leverage the cash flow generated by Roam Growth products within the Solana ecosystem and use Roam tokens or NFTs as collateral to obtain loans from the Huma platform. These loans can be used to purchase Roam hardware such as the Roam Rainier MAX60 and Roam Baker MAX30. These products allow users to access high-speed WiFi and serve as effective tools for accumulating Roam Points, which can be converted into $ROAM tokens after the token generation event. Moreover, Roam Rainier MAX 60 routers can also generate revenue in the CDN and edge computing fields, providing stronger repayment capabilities for the loan product.
This collaboration is an important step for Huma Finance, as it introduces the first implementation of Huma’s DePIN finance product, realizing the “just-in-time financing” model through PayFi technology. Roam stands out as the primary partner for Huma Finance, thanks to its innovative approach to delivering the OpenRoaming WiFi network to a broad user base. OpenRoaming is expected to not only generate substantial demand and cash flow but also produce more on-chain transaction data, that will be leveraged to access PayFi liquidity.
