The cryptocurrency of the blockchain project Electroneum became the first cryptocurrency in the world that allows people to pay their electricity bill using ETNs in four African countries: Gambia, Senegal, Nigeria and Mali. To do this, they need to use the mobile application.
In June 2019, market researcher and analyst Lisa SCHULTE stated that the cryptocurrency is not ready for daily transactions. It takes longer for a currency to become functional than it does to become an investment. However, Electroneum proves the opposite — ETN token use cases continue to grow.
Currently, 19% of the world's population uses cryptocurrency and another 14% say they are ready to start using digital assets. Most blockchain startups are lagging behind in the race to create real-world scenarios for their virtual currencies. The ETN token is used to top up mobile phone balances in over 140 countries from the Electroneum app. In addition, around 2,000 merchants and service providers around the world are already accepting payments in ETN.
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