Pareteum: Blockchain Settlement Cryptocurrency Cloud Platform?

The Pareteum corporation claims to be a global provider of mobile networking software and services and has the mission of providing a centralized solution to the of issue of making cloud services more secure.

There are a number of features to the Pareteum platform, including a global reach with customers and network partners in every part of the globe. It also operates a turnkey cloud platform, which means that it can rapidly deploy cloud solutions for CSPs, IoT providers and fully-functional enterprise cloud solutions. Also, Pareteum claims that its customer base is rapidly expanding, and that new features are on the horizon for the platform.

Pareteum Solutions

Pareteum offers a number of different solutions for the cloud computing market, which includes a specialty managed services platform, global mobility cloud, and an application exchange developer’s platform.

The application of Pareteum’s solution is to add value to new and existing cloud networks, as well as the ability to offer network carriers differentiated offerings to their user base.

Some of these offerings include the following:

  • Unlimited data services for Facebook, whatsapp and data streaming services
  • Global roaming connectivity for internal infrastructure
  • The creation of branded services for mobile
  • Smart homes and applications through leveraging IoT
  • Wearable devices for communication and sharing
  • Connected cars to the internet with diagnostic information
  • Smart cities (like Taipei) with smart parking meters and live traffic reporting

Pareteum Managed Service Platform (MSP)

A key feature of Pareteum is its managed service platform, which caters to communication service providers and MNOs.

It’s claimed that two of the most complex aspects of selling a telecommunication service are billing and customer management. For these reasons, Pareteum has created its Managed Service Platform that can plug and play with other networks. It allows for a quick integration between its platform and the desires of its customers.

Features of the Pareteum’s Managed Service Platform include the following:

  • Integrated billing and billing management platform that allows real time account management for customers.
  • A flexible customer service management services and geography via cloud computing, along with a robust interface using an API

Pareteum Integrates Blockchain Settlement For Crypto

Pareteum has also made an announcement that it will start integrating blockchain settlement for cryptocurrencies, which is thanks to the ballooning demand of the market. Pareteum said that it will start offering “digital economy monetization to the cloud,” services, and accepts Bitcoin, Ethereum, Litecoin and Airtokens and other currencies.

The new feature by Pareteum is being offered to all of Pareteum’s global mobility cloud customers, which will allow them to accept cryptocurrencies and also perform payment processing and settlements with their partners in any currency.

The introduction of Pareteum’s blockchain settlement feature coincides with its other goals with IoT, which will transform cities and applications into virtual assets on the blockchain. This will help monetize those assets and allow for the rapid transition for cryptocurrencies to the mainstream moving forward.

The blockchain settlement also builds on the company’s partnership with Airfox to integrate its advertising subsidy platform into Pareteum’s offerings to enterprise customers.

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