Litecoin – Crypto funds community celebrates two large adoption milestones

A crypto funds community has unveiled a variety of recent use instances for its flagship token — increasing its world footprint even additional.

Electroneum prospects can now buy top-ups for cell information and airtime in additional than 160 international locations worldwide. Among the many newest nations the place the service has gone dwell embody Australia, Cuba, Japan, Namibia, Lebanon and Belgium, underlining the corporate’s ambition to attain a global presence.

In the meantime, Guinea Bissau has turn out to be the fifth African nation the place electrical energy top-ups could be purchased from throughout the Electroneum app. A partnership has additionally been struck up with a brand new third-party provider, unlocking extra aggressive pricing for customers.

Richard Ells, the CEO of the UK.-based cryptocurrency mission, added: “Our dedication to develop cell phone and electrical energy top-ups to each nation doable is one in every of our high priorities as we proceed to make ETN probably the most accessible crypto within the area.”

In accordance with Electroneum, its purpose has been to make sure that its cryptocurrency, ETN, is without doubt one of the most accessible within the business. Crucially, telephone and electrical energy top-ups may also be accessed remotely — which means an Electroneum person in Europe should purchase utilities for a cherished one midway around the globe. This might show less expensive than sending cash to household and mates by means of remittance companies, which frequently command excessive charges.

An adoption milestone in South Korea

In the meantime, ETN has additionally been listed by the MeconCash pockets, which allows shoppers to carry and spend a mess of cryptocurrencies.

In accordance with Electroneum, this integration will show particularly important in South Korea, the place the fintech agency has established a community of greater than 13,600 ATMs.

MeconCash permits hundreds of merchandise to be bought on-line by customers on this thriving Asian market — together with the whole lot from meals and flower deliveries to bikes and child gadgets. ETN is simply the 11th digital asset to be added by the blockchain startup, with others together with Bitcoin, Litecoin, Tron and Tether.

Executives at Electroneum say MeconCash was particularly excited to assist ETN due to how freelancers could be paid on this cryptocurrency by means of AnyTask, a world platform that goals to permit gifted people to search out work on fairer phrases.

“Our customers can earn ETN on AnyTask, our world freelance platform. They will additionally earn ETN by accepting it as cost for services. And now, in South Korea, they will all use ETN for purchases with MeconCash Pockets,” Ells defined.

These worldwide connections may additionally show helpful when the coronavirus pandemic is over and world journey resumes — enabling crypto fans to sidestep the charges related to exchanging between fiat currencies.

A rising neighborhood

In a latest Q&A with Fintech Zoom, Richard Ells revealed that Electroneum skilled a considerable uptick in customers throughout Brazil, Turkey, Nigeria and India — with the quantity of people that use AnyTask doubling between May and September.

The CEO believes that coronavirus has sped up crypto adoption, given how these new sign-ups coincided with the peak of the pandemic.

He added: “Crypto is ideal for reaching monetary inclusion. Electroneum is an efficient instance — we’ve got created a cell cryptocurrency that doesn’t require customers to have a bank account, and our ecosystem is present process steady enlargement.”

Electroneum turned three years previous in November, and has no plans to sit down nonetheless because it rolls out extra ways in which ETN can be utilized. A latest partnership means avid players can lease server area for high titles together with Minecraft and Counter Strike: Go. The digital asset has additionally been embraced by LockTrip, a web site that gives reductions on flights and motels.