Ever thought that cryptocurrencies would be used to top-up mobile phones? Yes! After giving it a go in South Africa and Brazil, Electroneum now turned the tide toward Turkey. A leap forward to occupy more area and find a way for mass adoption. Electroneum is rather new into the cryptocurrency market but have taken some monumental steps in a surge to increase market share. The price may not tell the real time scenario compared with other cryptos but they are surely making progress. Richard Ells, the CEO of Electroneum gave that news of the launch in Turkey. This move contains solid substance and potential for Electroneum to lead from front.
- What does it mean for ETN users?
With over 41000 users of ETN in Turkey, it will enable them to top-up the local prepaid sim cards like that of Turk cell, Turk Telekom and Vodafone. All three of these mobile network providers cover the entire population of over 80 million. Turkey lies among the biggest users of cryptocurrency globally. It has a huge user-base and will benefit ETN users in long-term growth. This indulgence in the new market comes with the prospective of enhancing the market share and the user-base. Thus, it ETN is surely making progress, slowly, gradually but surely.
- $3 on every sign up:
Yes, you have heard it just right. Electroneum’s app gives out incentives which motivates the users to use it. It gives out $3 on every sign-up and this move has encouraged many to use the ever-growing services of Electroneum. Several reports have shown the fact that this Electroneum news have boosted the user-base to over 3.2 million. This just does not stop here but carries on to skyrocket as they only lie behind Bitcoin cash, gold and BTC in this particular category. Moreover, the social cause of Electroneum can never be denied as the crypto has signed various deals with NGO’s and fund raisers. They focus on carrying out their operations more in developing countries and are doing their job to perfection.
- Turkey and Electroneum lie on the same page in their approach:
Turkish Government has long strived to form a cashless society to aid their struggling economy. They have believed in the concept of digitization for long. This may be the time that both, Electroneum and Turkish Government can align themselves up for an inevitable. The endeavors look forward to drive a banking system for cryptocurrencies and other developments related to Blockchain. Turkish Government is looking to curb and counter the poverty in recent times and this might be the opportunity to cash in. Reports have shown that more than 33% of the young chunk in turkey is unbanked and lies under the poverty line. The approach can revolutionize the very condition and bring about the inevitable which is due to happen.