Crypto payments firm with 4M users adds top blockchain experts to team

[Cordillerabit]

A crypto payments network is celebrating three years in business — and claims it has now surpassed 4 million users worldwide.

Electroneum says it is continually unveiling new features that help make our world a better place. One of its flagship products is a mobile-based cryptocurrency that allows people to top up their phones in more than 140 countries. And as Cointelegraph reported back in May, the digital payments project also allows consumers in four African countries to top up their electricity meters directly from the ETN app — with plans to expand this service to even more nations in the not-too-distant future.

Given that there are an estimated 1 billion people who are unbanked worldwide, Electroneum says its cryptocurrency, ETN, has helped achieve financial inclusion in ways that have never been seen before. The company says that its token is “better than money” because it can be transferred between users without the need for an intermediary like a bank. In a world where cross-border payments can be eye-wateringly expensive, it also allows transfers to be completed for a fraction of a cent, within minutes.

A lack of access to a bank account isn’t always the only hurdle facing the world’s poorest, as some do not have access to technology. This is why ETN can be used without a mobile phone device — and why Electroneum has designed an affordable $40 smartphone that aims to meet the needs of those in developing regions. The device is currently only available in Cambodia.

Source: https://cointelegraph.com/news/crypto-payments-firm-with-4m-users-adds-top-blockchain-experts-to-team

[petercohen090]

Thanks for the information. It is really helpful.

[cryptopediabd]

One NGO in the country, Ubuntu Pathways, recently revealed that the crypto mining services offered through the Electroneum platform have allowed it to help those in the country who are most vulnerable to COVID-19.

[KryptoBull]

Electroneum? I think I'm reading an article 2-3 years ago, and that mystery expert is McAfee
I do not understand very well what statistics lead to the 4 million users of ETN at the moment. If that was true and all 4 million users were real then ETN has made a great deal of success in crypto.
I am checking:
https://coinmarketcap.com/currencies/electroneum/
I think 4 million ETN users could soon bring ETN price from 0.0052 USD back to ATH 0.2362 USD as at the end of 2017.
The distance is about 4500%

[bigcash2011]

Most of the users ETN got was due to mobile mining attraction but i do not think they are anymore active, i still remember ETN was a hyped up project around its ico time but sadly it has not lived upto the expectations till now.