The team at Electroneum continues to defy the naysayers with new partnerships and announcements. Firstly it has been revealed that they have recently expanded their mobile top-up program to three new African countries to avail themselves of the more than one hundred thousand KYC'd sign-ups they already have on the continent. In addition to the already existing market in South Africa, those new countries are Tanzania, Nigeria and Uganda.
CEO Richards Ells also tells us that in Brazil -- so far the only South American country where the top-up service is live -- close to $30,000 worth of ETN fueled top-ups took place in a single month. Ells expects to see the same sort of growth taking place soon in Africa.
All this comes on the heels of more good news with the announcement of major new partnerships with NGO's Unbunto Pathways and Wonder Foundation, a "woman-led charity dedicated to empowering women and girls through quality education and access to good work."
It has also been announced that former UK UNICEF chief David Bull is coming aboard the Electroneum team. Bull has said...
I will be using my considerable experience in the charity sector to help Electroneum deliver on its humanitarian mission to extend bank-like services to those currently lacking them. He adds that he was particularly impressed by the project’s initiatives aiming to get disadvantaged people around the world connected to the internet and able to earn in a rapidly changing global job market.
In the meantime, Electroneum continues to test and refine its GigFair platform, which will be a digital gig economy platform geared toward serving populations in developing economies such as those in Africa.
“Young people in particular would be able to make a living in their own community rather than feeling the need to migrate to the city for low paid and often exploitative low skilled work. They would spend their earnings in the community, driving development for other local businesses, and potentially lifting a whole community out of poverty and giving them back control of their lives and livelihoods.” --David Bull
Electroneum continues to prove that in addition to fully decentralized networks like Bitcoin, there is not only room, but a need for semi-decentralized blockchains such as their moderated blockchain, as they both have their respective strengths and attributes. The fact remains that in order to bring mobile payment services to unbanked populations and increase wealth building opportunities in developing nations, you're going to need teams with executive experience, initiative, and leadership to get it done. Electroneum continues to meet these needs and demonstrate that there is a role for such enterprises in the world of cryptocurrency. And since they have recruited trusted NGO's as mining partners for their moderated blockchain, concerns about any kind of malicious interference should be minimal.
They also continue to be transparent about their treasury, which despite the complete reversal of the market after Electroneum's successful ICO in late 2017, remains solvent and robust as they use the funds for only their intended purposes.
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