Where Electroneum is Accepted Locally and Globally
ETN is by design a commerce coin, positioned to provide fast, ultra-cheap transactions to the unbanked of the world and the gig economy. It’s the medium-of-exchange on the Electroneum payments app downloaded by millions and is accepted by businesses around the globe, from Mexican coffee brands to European fashion brands.
Who Accepts Electroneum
It also has a launched Fiverr.com competitor, where you can pay for gigs and micro-services via their AnyTask marketplace — which I think is great as a long-term Fiverr customer frustrated with its onerous fees!
Are you an Entrepreneur, freelancer, or manager of a business accepting cryptocurrency?
Should you buy Electroneum?
It had one of the biggest ICOs in history, raising over $40 million, after which the ETN token price rallied to heights that it has not come close to in the intervening years. Its price has remained in the few cents range despite the popularity of the service, its app has been downloaded by over 2 million users. Part of the reason it’s never been worth more than cents is that there are about 10 billion ETN, it’s a fixed-supply hard cap crypto. You could pick up hundreds of ETN for the price of a cup of decent coffee, why not?
It’s not really a crypto purist’s coin, being somewhat centralized around the Electroneum platform and requiring KYC. Buying ETN a bet that they’ll be effective in marketing their payment system to those it can help around the world. Given the historical price performance of the token, I wouldn’t expect it to 100X considering the significant competition in the payment processing space. There’s a lot of well-financed ventures working on providing service to the unbanked. It’s a mission I could get behind, the free market is, of course, the solution to the world’s poverty problems.
About
The World’s First Common Cryptocurrency
Electroneum, built on its own blockchain, has been developed with the explicit intention of gaining mass adoption via the 2.2 billion smart phone users.
From the introduction of the Electroneum whitepaper
Electroneum is a unique, award-winning project focused on empowering a greater number of people by providing them with the tools they need to earn a living from the digital economy. A new way to earn The AnyTask Platform, is providing millions of unbanked people in emerging economies with the opportunity to join the global digital economy.
from electroneum.com
