About Electroneum

Our mobile-based payments solution is powered by ETN - the world’s fastest and first KYC/AML compliant cryptocurrency. ETN is a store of value that can be used to purchase everyday items, from bread and milk, to mobile phone top ups. When used in conjunction with the Electroneum mobile application, users can transfer ETN to anyone in an instant, either in person or remotely.

Digital payments for everyone

A new era of digital payments is needed to unlock the global economy for more than 1.7 billion unbanked people worldwide. We have developed a revolutionary new digital payments ecosystem that allows anyone to store, send and receive digital funds via their smartphone - no bank account required.

Mobile Mining or Cloud Mining

The process that we currently call Mobile Mining (soon to be known as and replaced by Cloud Mining) is the activity of rewarding users with free ETN every month. Users are able to mine up to $3 USD worth of ETN each and every month, which can be stored or spent with any retailer that accepts ETN. If you haven’t already opted into Cloud Mining, you should update to the latest version of the Electroneum App and activate the cloud mining process. In the near future this will be the only route by which you will be able to continue In-App Mining.

For many in the developing world, where monthly income is often less than $50 per month, an additional $3 per month can make a significant difference to their daily lives, allowing them to have a little more each day.

Cryptocurrencies reward “miners” for running the blockchain. Rather than the ETN all being earned by a handful of users with warehouses of powerful computers, we distribute an ETN reward to users of our free app.

By giving users an ongoing reward, we have achieved the fastest viral growth of any cryptocurrency. As our ecosystem expands globally, we aim to be the largest cryptocurrency by user number in the world.

Instant Payment technology

Existing forms of payment such as cash, card and contactless only work when a transaction takes place in an instant. This ensures payment is received by the seller before the buyer leaves with the goods.

Whilst cryptocurrency is undoubtedly the next generation of digital payments, the speed in which a transaction takes place is generally slow. Even Bitcoin, the most renowned cryptocurrency, can take up to an hour to receive. However, we do have a solution. We have created a patent pending Instant Payment system.

Using our Instant Payment API, we’ve made it incredibly easy for developers to integrate existing ePOS and eCommerce systems into Electroneum. This is enabling MVNOs and MNOs, Corporates and Retailers to begin accepting ETN as payment for their products and services.

Gig Economy

Launching this year, our eLearning platform Gig Guru will allow users to learn, share and monetise their digital skills using ETN as payment.

The platform will enable more than 1.7 billion unbanked people worldwide to access online digital learning for the very first time. At the same time, developed economies gain access to a low cost new resource of highly motivated skilled people.

Importantly, we won’t be charging for the platform or collecting fees in the way that this market normally works. Sellers will be able to sell their digital skills and receive 100% of the proceeds.

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