Helium on last leg in Lebanon despite high adoption as profit, utility remain elusive

 Lebanese are starting to disconnect and give up on Helium boxes as the cost of keeping them online has become increasingly unsustainable and unprofitable, Wired reported.

Lebanon has become a hotbed of crypto adoption and use as the country contends with a collapsed economy and banking system. Stablecoins are more common than fiat as trust in the traditional financial and political systems is at an all-time low.

However, despite the populace’s high rate of crypto adoption and use, the Helium network seems to be on its last legs in the country as its promises of profit and utility remain elusive.

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