In this post, I will do the electroneum review which is looking like the most promising project by far. But do it is really a promising project or it is a mirage launched just to accumulate bitcoin. Let’s find out in this review.
*** DISCLAIMER – please read the full post thoroughly before passing any hate comments. This article is not meant for the promotional purpose it is for educational purpose. We are not financial advisors and we will not responsible for any losses or profits it is all yours. Once again this post is only for educational purpose.
First of all, I will say that many people newcomers in the crypto field determine the potential of coin by its price analysis which is wrong as per me. Many people judge electroneum just by saying that it has fallen from 0.20 USD to 0.01 USD so that’s why it is shitcoin. Don’t judge anything just by its one aspect there are lot better aspects as well. Also, don’t believe in the method of taking huge profits overnight.
Technical aspect of electroneum
First of all, electroneum is the first cryptocurrency developed in Britain. Its main motive is to make a platform for instant crypto payments and make crypto more people friendly. So they have tested their beta application for instant crypto payments and also they have filed a patent application for this unique payment technology.
They have signed an agreement with xius making a user reach of 65 million which sounds very good. Electroneum is the first cryptocurrency to be invited in GSMA in MWC 2018 in Barcelona. They have signed agreements in place to develop Electroneum payment integration for over 1.2 million agents, dealers and distributors in over 9 countries to make a reach of 130 million people. They are trying to increase the number of methods to spend electroneum also across the world.
Electroneum also introduced a subscription system in the electroneum patent. This shows that they are very aggressive in their backend developing that’s why financers like yahoo believed in them. The subscription system is like you can set a subscription for a particular vendor for monthly basis. People can easily set amount of US dollars or ETN for that vendor.
The option for other cyptocurrencies will be introduced next year. First, they want this system to be operational for electroneum then they will bring other cryptos as well in order to increase the payment modes with other coins.
Criticism of electroneum due to misconceptions
There are some misconceptions as well due to which gives some space to bad criticism. Some people criticize electroneum by saying that mobile miner of electroneum is fake. Now let us understand this electroneum mobile miner aspect in a broader way. First of all the main motive of electroneum is to make a platform for vendors which enables instant crypto payments. Now electroneum mobile miner is launched with a motive for people to understand cryptocurrency is a simpler way. It is launched just with a motive to introduce crypto to normal non-technical person.
We have to understand that the blockchain technology on which cryptocurrency is based is just used by 1% people in the world. So in order to increase mass adoption and making people understand what cryptocurrency is mobile miner is launched. Once again I am saying that electroneum’s main motive is to create an instant crypto payment system for vendors in order to increase mass adoption.
Now Electroneum can be exchanged for fiat
Recently Electroneum has announced that ETN can now be exchanged for Fiat. Now ETN can be exchanged for USD, Euro, and Turkish Lira. The conclusion is that ETN can now be exchanged for the two most powerful fiat currency which is Dollar and Euro. You can exchange ETN/EUR in Liquid exchange by Quoine global from Nov 5, 2018. Also, people including US citizens can sell/buy ETN for fiat USD and Lira in Turkey’s top exchange Sistemkoin soon. You can see both official announcements here in these tweets.
Mega news! #ETN is partnering with Turkey's top cryptocurrency exchange to bring 3 new ETN pairings – Dollars, Lira and BitCoin – live very soon.
And SistemKoin allows US citizens to trade, so they'll be able to open an account and buy and sell ETN in USD . Exciting times! pic.twitter.com/J07vTNBSeU
— electroneum (@electroneum) October 26, 2018
Adoption is vital for the growth of cryptocurrency and @Electroneum is at the forefront.$ETN can be sent and received from any smartphone, while vendors can easily implement an instant payment system via a simple API.$ETN/$EUR pair coming to Liquid November 5.#BeLiquid pic.twitter.com/kIvj9F54PO
— Liquid (@QuoineGlobal) October 26, 2018
So think deeply and do proper research before making any conclusion and judgment.
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