Cryptocurrency is one of the most discussed topics in the financial world, but how could it be connected to the cell tower industry?
As the video above shows, you would be surprised. The financial markets are becoming saturated with crypto wallets. As a result, there is an opportunity to expand the crypto exchanges, and 5G could be the backbone for doing just this.
Low latent 5G will enable the crypto exchanges to work seamlessly and 5G can work to simplify user interface.
5G is also set to improve the connectivity for smartphone and tablet users, thereby enabling larger network participation. This would mean an increase in the active participation of crypto exchange users and the diversification as well.
Simply stated, 5G has the ability to offer increased network capacity, greater scalability and and lower latency and time to process trading will benefit consumers of the crypto exchanges and the access and transfer of information between crypto traders and holders of the currency.
Expansion of Cell Towers
However, the potential of crypto with 5G hinges on the expansion of cell tower sites across the U.S. and world, and this is where we connect cryptocurrency to cell towers.
Wireless carriers, such as AT&T, Verizon, T-Mobile and Dish Wireless, will need to upgrade existing cell site equipment to 5G-ready devices on the existing approximate 500,000 cell tower sites in the U.S. and build new cell tower sites across both urban and rural areas across the country, totaling up to 1,000,000 new cell tower sites in the U.S. alone.
The upgrade of existing cell tower sites and the buildout of new cell tower locations are going to be the only way to get consumers of 5G the true benefits that wireless carriers such as AT&T, Verizon, T-Mobile and others have and continue to promise. Furthermore, if the wireless carriers are able to meet the their 5G goals, it will allow for the above-described expansion of crypto exchanges.
Benefits To Cell Tower Lease Holders
What does it mean for property owners? What do they need to know? What opportunities do they have now and going forward? Ultimately, how can they benefit?
If you have an existing cell tower lease, your site just became more valuable due to the 5G upgrades that have or will be made at the site. These upgrades will benefit the wireless carriers on the cell tower or on your rooftop, as it allows them to provide more services to their wireless customers which, in turn, will generate more revenue for them.
As for the cell tower companies, the value of their cell tower asset just went up due the importance of the cell tower location to the wireless provider that is renting space on their cell tower.
How To Get More Rent
If you have been asked to enter into a new cell tower lease, your property just became more valuable due to the above-described need by wireless carriers to build up to 1,000,000 new 5G cell tower sites and, indirectly, the cell tower companies need to feel the demand for wireless carriers to find these locations to build out their wireless network.
If you have questions regarding a cell tower lease or 5G, please contact us today.
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