Alternet Systems (ALYI.OTC) entered into a partnership with Interwave, an organization involved in an initial coin offering (ICO) to launch a cryptocurrency dedicated to funding electric mobility projects in Sub Saharan Africa.
Bitcoin is supposed to be a safe-haven currency. When the markets go to shit like they are today, in theory people evacuate their traditional positions and throw their money into digital currencies and other adjacent crypto-related stock, like bitcoin mining or one of the many digital asset companies offering the proximity and benefits of bitcoin without any of the hassle of actually owning any.
Allow me to be frank for a moment: in the past, plenty of blockchain companies make big claims and either fail to execute, or had no intention of executing. Sometimes it was outright duplicity, and other times it was because they got onboard without a real roadmap towards success.