Yesterday, on July 08, 2019, the Reddit thread of Electroneum cryptocurrency revealed that ETN crypto has been added to Paycent app upon the completion of integration.
Paycent Adds Electroneum
It was first revealed when the media (bedcredit.org) shared a post of Paycent’s new update, entitling “Paycent Allows Users to Convert Digital Assets to Local Currencies, Transfer Funds, and Withdraw Cash From ATMs.”
As per the reports, Paycent is a financial platform, powered by Texcent, which is a Singapore fintech company. With Paycent service, users can connect their debit cards to the crypto wallet and start using digital cost almost anywhere fiat currency is accepted. It comes in the form of hybrid app, wallet, and crypt fiat cards.
In a detailed post where Paycent explained how its app and wallet work together, it mentioned that; “Paycent, a mobile wallet enables users to exchange among multiple digital assets seamlessly,” – it holds multiple digital assets including Bitcoin, Litecoin, Ethereum, Dash, Binance Coin, and CHE Token.
Nevertheless, the announcement states that ‘Paycent is partnering with Electroneum later this summer.’ According to the company’s director of card program and partnership, Alex Agarwaal;
“They (Electroneum) have a massive community of 3 million people globally, and they are aligned with what we do because they served the unbanked.”
On a continuous note, he wrote; “We’re seeing a lot of positive movement,”
“It’s definitely going to catch on. Irrespective of the prices — it doesn’t matter if crypto goes up or down — it’s all about the adoption of the system itself.”
Paycent’s connection with Electorneum is a big hit for Electroneum – and it seems that the ETN has already been added to the PayCent app according to company’s Reddit post and a twitter post:
— CryptoNoob_2A8FD6 (@ETN_2A8FD6) July 9, 2019
It is worth adding that the Electroneum cryptocurrency is currently standing at the 111th spot on the graph of coinmarketcap. As of writing this post, the partnership has no positive impact on the price of the cryptocurrency yet. The coin is currently sided down by 1.02 percent over the past 24 hours and trading at the value $0.006199 against the US Dollar. Notably, the market cap of ETN coin counts at $60,301,407.
Ahead of partnership with Electroneum, the firm had earlier joined hands with privacy-focused cryptocurrency, Verge which streamlined the process of booking flights and hotels using Verge coins. Moreover, the company further adds;
“With Paycent, we are helping to push the unbanked to the forefront of currency freedom with the ease of exchanging fiat money into digital assets with a singular app and vice versa to spend it on daily essentials,”
Disclaimer: The presented information is subjected to market condition and may include the very own opinion of the author. Please do your ‘very own’ market research before making any investment in cryptocurrencies. Neither the writer nor the publication (TronWeekly.com) holds any responsibility for your financial loss.