Recently, Electroneum (ETN) announced how its presence has expanded over 140 countries in 2020. The revolutionary digital payment ecosystem has attracted over 3.7 million users in the past two years. The company thrives for its vision of crypto adoption in developing countries and chooses to make a constant effort towards it.
The “first truly mobile cryptocurrency” offers Electroneum Tokens ticker ETN, rewards for its users. Being a fully KYC/AML compliant cryptocurrency the team also calls its blockchain to be “insusceptible to 51% attacks” With global warming increasing rapidly every day, Electroneum has developed its ecosystem in green. Additionally the company also came up with $40 cellphones which were designed specifically for developing nation users.
Electroneum declared its mobile top-ups to be available in 140 + countries, accelerating telecom/crypto services for 4 billion mobile users worldwide. As per reports, the company even has plans of expansion after the initial testing periods in South Africa. Data even says the over $60,000 of ETN airtime top-ups take place in countries like Turkey, Brazil, Uganda and Nigeria.
Updates: Recent Milestones
On 21st February Electroneum announced the enormous achievement of its blockchain-based crypto product M1 cell phones. According to records, this was one of a kind deal in the historical backdrop of crypto that a blockchain startup partnered up directly with a local mobile network operator.
Cellcard, one of the giant network operators in Cambodia teamed up with Electroneum’s most seasoned portable mobile-based digital money product.
Cellcard requested 250 pieces of M1 cell phones from Electroneum dependent on the number of cell phones they assessed would be sold in one month. Together, they put the figure of 250 with respect to the size of the business they do with multiple compliances.
Nigel Pooley, Head of Mobile Development at Electroneum, said that Cellcard administrators were really shocked to see the M1 cell phone sold out the racks in two hours. After which the group needed to put in a prompt request for new M1 pieces to expand their supply of the crypto item.
Mid-Feb 2020, Electroneum partnered with BiKi, a top 20 cryptocurrency exchange. Considered as two pioneers of the cryptospace, both the projects are growing at a tremendous space. The crypto exchange has listed over 150 digital assets, Electroneum being one of them.
Besides listing crypto projects BiKi offers solutions as well.
“ETN is a very internationally-established project, and we are very honored they have chosen to list with us,” Southeast Asia CEO of BiKi Ethan Ng said.
The Singapore-based crypto exchange also boasts having over 2,000 community partners and 200,000 community members. They have also received investments from Huobi Co-Founder Du Jun, Generis Capital, FBG Capital, and others totaling about US$10 million. As BiKi is funded by Huobi Co-Founder Du Jun the company gets leverage of experience over most current exchanges.