Minneapolis is gearing up to be the first U.S. city to boast 10 GBPS of Internet, which will also give it the distinction of having the quickest residential connection worldwide.

Residents in Minnesota will soon have access to superfast Internet, beating other places in the race thanks to Minnetonka-based US Internet. The speed rate of 10 GBPS basically means that users will be able to download their favorite flicks in under a second!

"The launch of our 10 GBPS Internet service will make Minneapolis the first city in the world to receive access to the Internet at speeds never before experienced in our country, or any other country for that matter, both in terms of 10 GBPS download and upload speeds," noted Joe Caldwell, Co-CEO of US Internet.

However, there's a caveat, the high-speed Internet will only be made available close to 30,000 households in the city of Minneapolis.

US Internet will be providing this new service and has installed a small number of fiber lines in Minneapolis for this purpose. Earlier, the company provided 1 GBPS Internet speeds to Minneapolis residents.

The change in speed will now be 10-fold but will cost a pretty penny. The GB offering will be a symmetrical service, which basically means that both uploads and downloads are done at the same speed.

For those willing to shell out the money, the 10 GBPS Internet will cost $399 per month. By comparison, the 1GBPS option from US Internet costs $65 per month and 100 MBPS is $47 per month. The speed is what people will have to pay for as the average speed for Internet across the U.S. is 30 MBPS.

US Internet hopes that the 10 GBPS offering will make the Internet service market in the U.S. more competitive, as well as spring other providers into action. The company also intends to install fiber optics along the I-494/I-694 corridor of the Twin Cities, but this is estimated to take five to six years.

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