By Just when you thought you had seen it all in cryptocurrencies, imagine you can now top up your mobile phone with this revolutionizing technology. Electroneum is swiftly making a mark in this niche by enabling its ETN users in Turkey to top up airtime and data using the Electroneum mobile app. ETN top ups were first available in South Africa and then Brazil.
The more than 41,000 Electroneum users in Turkey and growing will now be able to top up Turkcell, Turk Telekom and Vodafone instantly. These three network providers cover 100% of the country with a subscriber-base of circa 80 million. That means all mobile users in the country could potentially top up their phones with ETN.
Turkey is ranked as the country with the most crypto usage in the globe. The nationalists can take advantage and receive up to US$3 in monthly ETN rewards if they sign up to the Electroneum mobile app.
Richard Ells, the CEO of Electroneum, shared his enthusiasm, stating:
“This is the first time ETN users can top up their mobile phones with airtime and data with all the mobile network operators that operate in a country, covering 100% of the population.”
Richard went on and said that it was an important step for Electroneum, especially since they had clenched 41,000 users in Turkey, a number that is expected to continue to grow.
Electroneum’s Project Encourages More Signups
Electroneum’s main target is banking the unbanked. According to the World Bank, most of the unbanked live in poverty and are mostly situated in developing countries. Point in case, Electroneums success in South Africa acts as the basis for the project’s expansion into other developing countries.
The Electroneum mobile app is easy to use, and the fact that it rewards its users with up to $3 a month has encouraged more people to sign up to the platform. This initiative has skyrocketed the number of Electroneum registered users to over 3.2 million, making it top-four crypto in this category, preceded only by Bitcoin, Bitcoin Gold and Bitcoin Cash.
Turkey’s Government Vision is Aligned with Electroneum’s
The Turkish government has been introducing programs that focus on the disadvantaged and the vulnerable members of the community. This approach is inch-perfect similar to what Electroneum is vouching for.
The Turkish government plans to become a cashless society by creating a cryptocurrency central bank by the year 2023 among other items that relate to the blockchain. These endeavours provide a nourished foundation for Electroneum to grow in the country.
According to Bloomberg, a third of all millennials prefer to invest in crypto than stocks. On the same note, other reports suggest that 31% of adults in Turkey are unbanked. As much as the government is trying to curb poverty in the country, these two statistics give numerical proof of why Electroneum would thrive in Turkey. Electroneum can offer financial inclusion to millions of people in the country who require digital access to the global economy.
Electroneum Drives Crypto Mass adoption
Electroneum prides itself to be different from other cryptocurrencies. From South Africa, Brazil and now Turkey, Electroneum is the only cryptocurrency that is used to top up mobile phones. Hence, it is safe to say that Electroneum is one of the cryptos that are on the front seat driving crypto to mass adoption.
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