Finnish quasi-national crypto FIMK has announced a partnership with software company Koodilehto to broadcast FIMK-Bitcoin transactions on TV, keeping Finnish merchants and consumers well-informed.
The technology is being “coined” as “Kryptoradio” and broadcasts updates of the currency’s transactions via “any standard Digital TV device and custom software without the requirement of Internet or mobile network connection.” There is room to ask why the former is any easier than the latter, especially since it requires custom software.
The Finnish Digita network, which broadcasts to 95% of the 5 million Finnish population, will serve as the broadcaster.
The pilot phase will commence on September 1 and last for two months, after which a commercial production phase is planned. After the pilot phase, it is also anticipated that the technology will be made available outside of Finland.
ACY Securities Supports ASIC’s Product Intervention OrderGo to article >>
It is unclear if an interactive tool to explore its ledger, such as that managed by blockchain.info, will be available through this medium.
FIMK, or FIMKRYPTO, is in its early phases of launch. It was created by Nxt exchange DGEX, but Nxt denies any backing of the coin or partnership with DGEX on the project. One of FIMK’s main goals is to “distribute one third of the currency supply as a basic income for the citizens of Finland.”
Many “national” cryptos have been launched in the past with similar goals for their respective places of origin. None have seen widespread usage as a currency to purchase goods and services. Most have shed upwards of 99% of their peak values.
As for FIMK, it recently started trading on DGEX. It is currently trading for 320 satoshi ($0.002) per unit. It ranks 40th in market cap, worth $700,000.