The cryptocurrency payments network is celebrating its third anniversary and has bold ambitions to provide unbanked people who live in developing countries with greater access to digital assets over the next 12 months.

Since its launch in 2017, Electroneum has launched an intuitive app that allows people in 140 countries to buy mobile phone refueling using cryptocurrency. The company was also the first to introduce power supplies that can be purchased with digital assets.

In 2019, a digital payments company released a smartphone capable of mining cryptocurrency. At the time, Electroneum stated that users can rely on these digital assets to pay for purchases and services online. It’s important to note that this device is offered at an affordable price and usually sells for a fraction of the cost of other Android phones.

In February 2020, Electroneum launched AnyTask, an independent cryptocurrency-focused platform that aims to provide a fairer deal for hardworking people. The platform does not charge freelancers and allows them to instantly access their income – plus, to increase financial inclusion, no bank account is required to participate.

In March, Electroneum won the Crypto AM Social Impact and Sustainability Award in recognition of how the platform is helping equal opportunity and opening up new opportunities for people in developing countries.

Next 12 months
AnyTask is a key component of Electroneum’s future plans. Next year, the company’s goal is to help at least 10,000 independent employees find enough work as their only source of income. The platform launched before the coronavirus pandemic triggered a global outage, prompting millions of us to start working from home, spurring a renewed demand for freelance work opportunities.

More information from electron here
Other priorities for 2021 include registration with the UK Financial Conduct Authority, listing on major US cryptocurrency exchanges, and ensuring that people can use the platform’s ETN tokens anywhere. To this end, cell phones and electricity will be charged in more regions around the world.

Over time, the platform’s goal is to ensure that food, medicine and other essentials can be purchased through the app and sent to family and friends around the world – a more cost-effective alternative to sending money and payments across borders, which can attract exorbitant fees and costs.

A growing community
According to the latest data, Electroneum now has 4,071,296 registered users, an increase of 5,600 over the previous week. Every month, users make over 100,000 transactions on the ETN blockchain, and now this cryptocurrency is accepted by 2048 sellers.

At AnyTask, an army of 12,000 freelancers listed 20,000 different assignments in dozens of categories, including design, marketing, photography, writing and translation.

The Electroneum team says they have witnessed a dramatic change in the cryptocurrency industry in their three years of operation – when financial institutions and governments began exploring central bank digital currencies, taking over decentralized financing in 2020, and PayPal announced plans to get involved. in cryptography.

“The regulatory environment around the world is changing rapidly as governments realize that crypto is not going anywhere, making it even more urgent to enact regulations. This, in turn, will increase confidence in digital assets and lead to true mass adoption, ”Electroneum President Richard Ells told Cointelegraph.

The company’s drive for regulation is evident in the way the network was recognized as the 10th blockchain entrant in Europe last month when it joined Binance and Ripple.

This group focuses on “blockchain marketing and education to help the European Union stay at the forefront of global innovation” – and it is hoped that this organization will enable industry leaders to influence policy making across the block.

Source: CoinTelegraph

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