RTTNews | Jun 30, 2021 10:07AM EDT

10:06 Wednesday, June 30, 2021 (RTTNews.com) - Cuentas Inc. (CUEN) shares are spiking on Wednesday morning trade after the company said it will launch the world's first WiFi6-5G shared network in New York soon. The company said users can access the patented SharedFi network with location-based advertising. The user may also pay an ad-free subscription service, or have the service be included as part of their data plan with roaming agreements. Access points and small cell owners receive a share of the ad, subscription or roaming revenue.

Currently, shares are at $8.65, up 211.32 percent from the previous close of $2.78 on a volume of 62,332,614. For the 52-week period, the shares have traded in a range of $2.04-$10.44 on average volume of 167,881.

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