Electroneum (ETN) has been one of the fast-growing coins in last two weeks. It has jumped up from 100th stop to top 50 coins in crypto market. The cryptocurrency users and investors mainly focus on popular coins but they are always missing projects with potential. What has caused Electroneum (ETN) to rise with such a rapid pace? Let’s have a look at it.
The network that in fact have a project, which solves an issue, will confer substantial gains to the investors in future. One of these networks is unquestionably the Electroneum (ETN), the ETN network. This network has a technology that addresses 350 million smartphone users worldwide.
The three basic dynamics that will make ETN one of the future crypto coins.
Electroneum (ETN) is the most important title that will take it to a higher rank. The most of countries are sedate to see crypto coins as the payment substitution. The reason behind this behavior is the use of narcotics and money laundering. But Electroneum shuts this space with KYC (user personal information). This will actually be excepted by the countries and allowing them to comply with financial authorities. Nevertheless, this will have other stumbling blocks. The apprehension of hurting the privacy of user may be counterproductive. However, the expected KYC infrastructure is being developed and fixed in the system.
Potential for Working with Telecom Companies
The forthcoming KYC feature will give a unique opportunity to work with telecom companies around the globe. Bearing in mind that it is in companies with over more than 100 million users. It will increase the growth of ETN’s road-map with impressive outcomes. If the ETN network comes up with any deals among these and gets a push even once, there’s no doubt that the price of Electronuem will touch $1.
The Processing Speed of ETN
Electroneum has a patent application for instant transactions. The patent process has been completed. This patent app is not only for ETN payments but it is also for other digital coins. This potential of instant transaction will eliminate issues not only for ETN but also for the other altcoins. Electroneum (ETN), which is the nucleus of the patent to solve this issue, can attain unmatched growth. With this technology of Electroneum (ETN), there is a whole lot of chance to step in to the e-commerce market, a market which could not be entered before.
At the moment, all commercial payments are on nearly two exchanges, one on the Cryptopia exchange and the other on Kucoin stock exchange.
While answering to the question that what are the benefits of ETN, CEO of Electroneum (ETN), Richard Ells said that Richard Market is really the major difference. These mobile bitcoin miners, are earning money every month for mining bitcoin and that’s what ETN are doing on to the mobile devices. Everybody who uses ETN mobile app will be given some Electroneum for having the app. So ETN is paying the user to have a digital payment solution. Now that fundamentally is what’s going to make the difference. So, with this prospective everyone should be interested to install the app. How easy is that, the user downloads the app and has some cryptocurrency for free. Electroneum route to market is pretty much clear and looks like they are going to end up will huge outcomes.