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Electroneum Reports Growth; Goes Global, Conquers 140+ Countries

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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.

 

Electroneum [ETN] Continues To Target Developing Countries By Launching Free and Affordable Services

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The financial markets across the world are not uniformly distributed: some regions have access to 24 x 7 banking while other regions have millions of unbanked citizens. Electroneum, the popular cryptocurrency organization has decided that the asset will be sued to bring a better financial structure to the poor countries of Africa.

Electroneum has launched its own ‘AnyTask’ feature for developing countries to give the power back to the people. The selected countries include citizens who are not able to conduct basic tasks like paying bills because of the sheer effort required to do so. 

The cryptocurrency company recently stated that ‘AnyTask’ wanted to solve conventional day-to-day problems faced by people. The main aim of ETN is to bring the burgeoning digital economy to those who are less fortunate.

AnyTask works as a freelance platform where people can post their skills which can be used to hire them. The buyer has the option to pay using a debit or credit card while the seller receives the payment in Electroneum. This is a big boon to the unbanked sectors within developing economies across the globe.

Payments are processed by the crypto company itself and converted into Electroneum (ETN) by one of their partners. This makes the entire process simple for both buyer and seller. To make the online process easier, Electroneum has ensured that they have Partnerships with third-party airtime and data providers.

Electroneum had taken significant strides to ensure that citizens in Africa can use their phone to conduct payments and that led its launch in Uganda, Tanzania and Nigeria. During the launch, Electroneum CEO Richard Ells had said:

“We are pleased to announce the launch in these three African nations, where we see a clear opportunity to enable Electroneum users to top-up mobile airtime through a third-party provider of the major mobile network operators.”

Out of the 25 million mobile subscribers in Uganda, 99 percent of them can top-up their phone using ETN now. This mobile reach allows them to access services such as TaskSchool. This service provided by Electroneum aims to educate people on various skills that they might need. Due to the steps taken by Electroneum and cell providers such as Africell and Airtel, millions of people are able to access such services.

Financial inclusion is the need of the hour and cryptocurrencies such as ETN are right in the thick of it. Electroneum officials are out to prove that the asset can provide real-time solutions and is not just a whitepaper. According to reports, companies such as Electroneum target large unbanked populations because they also tend to have the fastest-growing economies.

The untapped markets in developing regions are not just a social issue but also an economic one. Electroneum’s early entry into the African market is expected to earn them massive dividends soon because of projected growth rates.  According to some estimates, the addition of developing countries into the digital fold will open up another $3.7 trillion in terms of Gross Domestic Product [GDP].

Electroneum makes African focus clear as company launches top-up services in Nigeria, Uganda, Tanzania

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Cryptocurrency companies have tried their best to ensure that adoption is spread across regions and that no place is left untapped. The African market has been seen as a hotbed for developments in the digital space because of the ways fiat currency has let down the native citizens.

In the latest announcement, Richard Ells, the Chief Executive Officer of Electroneum, a popular cryptocurrency wallet and cryptocurrency organization, revealed that the company was launching top-up services in Nigeria, Uganda, and Tanzania using the ETN token.

The CEO stated:

“We are pleased to announce the launch in these three African nations, where we see a clear opportunity to enable Electroneum users to top up mobile airtime through a third-party provider of the major mobile network operators. This is yet another step in our strategy to drive mass adoption.”

The top-up feature will enable users to recharge mobile services such as Airtel, Africell, Telecom, and MTN in Uganda. Citizens of Nigeria will be able to access their 9Mobile, Airtel, MTN and Glo Mobile accounts while users in Tanzania will be able to top-up their Airtel, Smart, Tigo, Vodacom, Zantel, and Halotel accounts using Electroneum.

Ells pointed out that there were over 100,000 KYC based users in Africa, with Nigeria being the most significant contributor. The country had 30,000 plus subscribers to the platform, a statistic that displayed the change in sentiments of people towards digital assets. Electroneum’s CEO added:

“What we are seeing is a digital revolution. Earlier we saw mass adoption in Brazil with more than $30,000 worth of transactions occurring on our platform. We are confident that we will continue seeing that sort of growth in the future too.”

Users have opined that Electroneum’s one tap recharge option stands out as the most attractive factor of the application. In a continent of largely unbanked people, the convenience and simplicity provided by non-mainstream entities act as a breath of fresh air.

In Nigeria, 60 percent of all adults do not have a bank account, while the number rises to 77 percent in Uganda and a staggering 81 percent in Tanzania. These numbers show that despite Electroneum’s noticeable movement in the African market, there is still a long way to go to ensure all the citizens have easy access to services.

Electroneum Nigeria, a Twitter user stated:

“Long awaited, it’s here. My work starts. Let  go on letting people know about ETN.”

Disclaimer: The presented information is subjected to market conditions 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.

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Tron (TRX) and Electroneum (ETN) might be the FOMO coins this year

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Against a 12 month long trade, the cryptocurrency market has been gaining a bit of bullish momentum lately. It’s been going up and down in recent days. If market sentiment (which is, in the end, a meaningless jargon term) is ‘anything’ to go by (which is not) then there’s a very doubtful chance that current pump could stand, and, may turn the overall bearish trend of the last 12 months into a bullish one as the new year has started. Over the last few days, BTC volumes have gone up by more than 20%, and bullish volumes rest at 51.4%, at least for now.

So this points to an increasing demand that could end up driving the whole cryptocurrencies market up soon. If the bulls manage to hold the market and FOMO stands, then there are a few digital assets that will benefit most of all. Two of those coins are Tron and Electroneum. In this article, we explain to you why.

Tron’s Tronix (TRX)

If the bulls take over the market, Justin Sun-led Tron (TRX) is in a good position to win more than most other cryptocurrencies. One of the reasons for that is Justin Sun’s (Tron’s CEO and founder) mastery of marketing and public relations. Mr. Sun is a central element in the Tron environment.

He knows how to keep his own community (and the cryptosphere at large) at the edge of their seats by just the adept use of his Tweeter account. Significant announcements about interesting strategic partnerships, new milestones and other achievements for the Tron project are run-of-the-mill news for Mr. Sun, and the Tron community follows.

All that good marketing hasn’t managed to bring TRX’s price up for 12 months, but it managed to make TRX one of the most reliable and profitable coins during 2017 when the bulls ran the market. So when the bulls come back, chances are that Tron will be a big winner yet again, just as it was in 2017.

And that will happen because Mr. Sun’s propaganda will be backed by the market’s positive sentiment. For good or ill, marketing is a powerful force when it’s backed by driving the demand, and nobody in the cryptosphere knows that better than Tron as led by Justin Sun. When FOMO appears in a bullish market, nobody will know how to surf that wave better than Tron.

Electroneum (ETN)

Electroneum is yet another digital asset that will be benefitted from a bull run. It has very solid fundamentals (usefulness and use cases, even more than Tron’s, for the time being) and the project’s marketing is almost as good as Tron’s. The community happens to be very committed to bringing ETN to the real world. Proof of that is the robust showing of Electroneum (ETN) in the run-up to KYC feature introduction.

That characteristic is powerful on its own. Those marketing efforts by the ETN’s leadership and the community had a role in increasing demand. This gives the ETN team a major role in producing the demanding pressure about the token that can end up pushing up the price. And that could signal for the baby steps of a new bull market not just for ETN but for every digital asset.

Electroneum’s aggressive marketing which includes smartphone apps, games, easy mining, and other features that can appeal to every smartphone user in the world instead of the usual nerds or enthusiasts can make all the difference in the world (the crypto-world, to be more specific). On top of that, it could end up being really useful when it comes to instant and micropayments.

Is technology determinant in crypto? It is. Just look at Bitcoin, which is the oldest technology in crypto, but it’s solid, reliable, and it remains the mother of all blockchains. But what about marketing? Does it matter?  It does as well, and nobody does it better than Tron and Electroneum. Do you want proof? Those two coins have been the biggest winners over the last week. You think that means nothing? You’ll be surprised.

Image courtesy of PixaBay.