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In an unprecedented move within the crypto industry, Electroneum has become the world’s first cryptocurrency to enable electricity top-ups with ETN in four African countries – Gambia, Senegal, Nigeria, and Mali – from within their mobile app at a tap of a button.
In June 2019, market researcher and analyst Lisa Schulte said, cryptocurrency “is not ready for everyday transactions. It needs more time to shift toward a functional currency than an investment.” However, Electroneum is proving it is an industry leader as its ETN token’s use cases continue to grow.
With 19% of the world’s population currently using cryptocurrency and 14% more saying they are prepared to start using digital assets, most blockchain startups are falling behind in the race to create real-world use cases using their virtual currencies.
Ahead of the curve
However, Electroneum has demonstrated to be ahead of the curve, and in only 30 months since its November 2017 launch, their ETN token can be used to top up mobile phone airtime and data in over 140 countries from within the Electroneum app. Also, nearly 2,000 merchants and service providers around the world accept ETN payments.
“Electroneum is one of a handful of cryptocurrencies that are building an ecosystem with real-world use cases, adding value for more than 2.6 million verified app users,” said Richard Ells, CEO, and Founder of the award-winning cryptocurrency. “Today, approximately 185,000 mobile top-ups have taken place from within our mobile app.”
Electricity top-ups in four countries
As part of their ground-breaking strategy to spark further adoption, Electroneum has enabled electricity top-ups in Nigeria, Gambia, Senegal, and Mali. “We plan to expand electricity top-ups to more countries gradually,” said Mr. Ells.
Electricity top-ups from within the Electroneum app are very easy. You go to the bottom where it says top-ups. Select electricity top-up and enter the number of the electricity meter and enter a cell phone number where you want to receive notification that your transaction has been completed.
If you have relatives or friends in either of those four African countries, you can top up their electricity meter by following the previous instructions.
“Today, Electroneum has more real-world adoption than virtually every other cryptocurrency project out there,” Mr. Ells highlighted. “Really, outside the top five or ten cryptocurrency projects, we are right up there. We have real-world adoption, unlike 99% of the cryptocurrencies.”
