Ciao Group, Inc. recently announced the launch of a new cryptography division to develop blockchain and bitcoin solutions for frontier and emerging economic markets. The new division will also pursue cryptocurrency and other cryptographic technology enterprise solutions separate from blockchain and bitcoin.
The group also announced a refreshed business plan to concentrate on developing locally sourced technology and telecommunication services within these economic markets. Part of this new focus will include a changing of its name to NuMelo Technology.
NuMelo Technolgy aims to discover and develop innovative technology within the world’s emerging and frontier markets. NuMelo will apply experience and resources to identify communication technology innovators and develop with them marketing and capitalization strategies to overcome the hurdles that have been identified by the World Bank as currently hindering the proliferation of such services.
In this, the company recently executed a letter of intent to acquire a Mobile Virtual Network Operator (MVNO) Provisioning Software company in Kenya. Ciao has since conducted business development meetings in Nairobi, Kenya to include a scheduled presentation to United Nations Officials of the company’s refreshed business plan.