Electroneum (ETN) is a mobile-based cryptocurrency venture that’s setting out to realistically get its technology into the hands of the masses. It’s essentially a smartphone app where users can easily buy, send and receive crypto coins – on top of earning ETN coins by easily mining on your mobile device. Its mobile payments are also being developed with the developing world’s needs in mind.
This organization has already signed agreements with global mobile networks, and its legitimacy in this realm is getting a major boost this week.
Electroneum (ETN) is at the GSMA Mobile World Congress
Electroneum (ETN) is in Barcelona, Spain this week participating in the Mobile World Congress -a big-time event that showcases the most recent happenings in mobile and payments technology. It is run by GSMA, an organization that represents the interests of international mobile operators – and it represents almost 800 operators within its membership.
— electroneum (@electroneum) February 23, 2018
According to their blog post announcing their participation:
“The Electroneum mobile mining app will allow any user with a smartphone, anywhere in the world, to get involved and begin earning cryptocurrency at the touch of a button. Our team is working on giving these users a way to spend their earnings by partnering with mobile providers, several of whom have already agreed to formally begin the process of accepting ETN as payment for mobile data.”
Not only is Electroneum going to have its own booth, its Chief Executive Officer – Richard Ells – is scheduled to speak and participate in a panel about “Mobile Identity.”
The mobile/payments tech sector is taking Electroneum seriously
This coin, which is trying to put the cryptocurrency market into the hands of anyone who doesn’t understand the tech yet, is clearly being taken very seriously by the mobile and payments technology scene.
What’s the evidence? Electroneum (ETN) is actually the first and only cryptocurrency to ever be accepted as a member of GSMA.
They’ve also been making deals with operators – giving them access to tens of millions of handset owners. On top of that, its Android mining feature is set to launch this week.
ETN is also (yet another) PayPal threat
Above everything else we’ve just discussed, the Electroneum team is also working on something pretty exciting – something that will help their journey toward mass adoption phenomenally.
They are working, according to their CEO, on a PayPal-esque payments gateway that e-commerce merchants can put directly onto their online stores. According to their roadmap (seen below), it will arrive sometime in Q2.
With an app, mobile mining, and faster and cheaper transactions than Bitcoin (BTC) and Ethereum (ETH), this coin actually has a pretty decent shot at mass adoption.
Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Please conduct your own thorough research before investing in any cryptocurrency.