BitMobile Pty Ltd and Reality Network Announce Strategic Partnership, Bringing Preloaded DeFi Earning Node Application to Phēnix X Users Globally
CAPRE TOWN, SOUTH AFRICA / ACCESS Newswire / April 30, 2025 / BitMobile, the driving force behind the revolutionary Phēnix X Blockchain phone in South Africa and emerging markets, and Reality Network, a pioneer in decentralized blockchain technology, today announced a strategic partnership that highlights the Reality Network node app preloaded onto the Phēnix X smartphone. This collaboration marks a significant engagement in bringing accessible Decentralized Finance (DeFi) earning opportunities directly to customers in each country and territory, particularly empowering communities in emerging markets.
The Phēnix X, a device designed to be a catalyst for financial inclusion and digital literacy, comes preloaded with the Reality Network node application, allowing owners to easily participate in decentralized networks and earn cryptocurrency by simply contributing their device's unused computing power. This innovative approach transforms the smartphone into a valuable asset for generating passive income, aligning perfectly with the Phēnix X's mission to empower individuals.
Recent in-store events at Pick n Pay locations in Cape Town and Johannesburg saw enthusiastic customer responses to the Phēnix X and the huge potential for passive income through the preloaded Reality Network app. Customers expressed excitement about a device that not only provides secure communication but also offers tangible economic benefits.
"The Reality Network app integrated and preloaded onto the Phēnix X is a game-changer for our users," said Brian Maw, CEO of Finnovant, the company behind BitMobile. "We are putting the power of decentralized earning directly into the hands of individuals, many of whom are in markets previously underserved by traditional financial systems. The positive feedback from our recent events in South Africa confirms the strong desire for solutions that offer both advanced technology and real economic opportunity. This partnership is a clear demonstration of the Phēnix X fulfilling its promise as a catalyst for empowerment."
Reality Network's technology, built on the groundbreaking 2MEME consensus algorithm invented by CEO Wyatt Meldman-Floch, utilizes Proof of Useful Work, ensuring that computation is not wasted and the network is resource-efficient and environmentally friendly. This inclusive mechanism allows anyone with a Phēnix X to join and contribute.
"Our vision at Reality is to empower humanity with unparalleled freedom and trust through decentralization," stated Wyatt Meldman-Floch, CEO of Reality. "By preloading the Reality Network app on the Phēnix X, BitMobile is providing a direct pathway for millions to enter the decentralized economy. Reality Network allows for the creation of customized consensus networks where dApps can crowdsource validation globally, paying in their native token and ensuring 24/7 uptime. This partnership accelerates our mission to build the future of Web3, offering true decentralization and earning potential that scales with every new user."
This partnership works to fulfill the vision of the Phēnix X platform and aligns with broader initiatives across the African continent and emerging global markets, aimed at empowering communities, fostering trust, and driving economic development.
The convergence of decentralized education and self-sovereign identity within the Phēnix X represents a significant leap forward for Africa and the rest of the world. The Phēnix X is not merely a communication tool; it is a catalyst for financial inclusion, digital literacy, and individual empowerment.
As the Phēnix X rolls out in across Africa, Southeast Asia, and South America, the potential to reshape the narrative of innovation and progress becomes increasingly apparent. The future is not just digital - it's decentralized and in the palm of your hand.
Reality Network's technology ensures absolute decentralization, freeing dApps from the constraints of traditional Layer 1 solutions and high gas fees. With built-in trust at the base layer through Reality Checking and a reputation-based model, the network is both secure and efficient. The more devices that join the network, the faster and more efficient it becomes, creating a generative economic effect.
About BitMobile:
BitMobile is dedicated to bringing the revolutionary Phēnix X blockchain smartphone to users in South Africa and emerging markets. As a partner of Finnovant, BitMobile is committed to empowering individuals through blockchain solutions, fostering learning, growth, and driving financial inclusion and digital literacy.
Follow BitMobile at BitMobileTech.com, X, Facebook, Instagram, LinkedIn
About Reality Network:
Reality Network is building the future of decentralized consensus and economies. Through its innovative Reality Network platform and the 2MEME consensus algorithm, Reality enables anyone with a device to earn crypto, providing a truly decentralized, secure, and efficient network for dApps and the creation of Network States.
Media Contact:
Chris Benedict
Finnovant, Inc.
1-888-426-1892
cbenedict@finnovant.com
SOURCE: Finnovant Inc.
View the original press release on ACCESS Newswire
Finnovant Inc
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