<p>The Nigerian Communications Commission, the country’s telecom regulator, has invested 2 million nairas (~$5,500) in blockchain startup Wicrypt.</p> <p>Wicrypt <a href="https://nipc.gov.ng/2019/12/28/nigeria-blockchain-startup-wicrypt-gets-funding-from-nigeria-communication-commission-ncc-%EF%BB%BF/">facilitates</a> blockchain-based WiFi sharing service, which allows users to earn money by sharing their internet connection. Users can register via Wicrypt’s mobile <a href="https://play.google.com/store/apps/details?id=com.wicrypt.app&amp;hl=en_IN">app</a> and deposit funds using fiat currency, as well as three cryptocurrencies - bitcoin (BTC), ether (ETH) and Binance coin (BNB). Hosts, on the other hand, can withdraw their earnings in fiat or cryptocurrency.</p> <p>Wicrypt <a href="https://wicrypt.com/">says</a> it has an inbuilt wallet that verifies a beneficiary has enough funds to start using the service. “Wicrypt automatically cuts off a beneficiary when his money is exhausted. It allows automatic connection between user and beneficiary once the beneficiary has enough funds to start using the service,” it added.</p>