Electroneum turned one back in November 15th. On this occasion, the team behind ETN decided to remind the public of some important milestones that were completed during the first year of its existence.
That is how in a series of tweets from the official Twitter page of Electroneum, the team presented some memorable moments, also announcing the realization of a small step towards a real utilization of ETN as an everyday payment method.
Electroneum Just Turned One: What’s New with Electroneum?
A day before the crypto turned one, Electroneum team announced a new trading pair for ETN.
Apparently, on November 14th, the team announced that Electroneum will become available for trading against Brazilian real (BRL).
The latest addition of the initial trading pair ETN/BRL is made available a couple of days ago on CoinBene and should consequently make Electroneum closer to Brazilian investors.
Since ETN is designed to fit the image of mass adoption, making it easily adaptable as the project itself describes, any step closer to being adopted as the means of payment takes ETN closer to its designed purpose.
That is why any news of integration of ETN currency as one of the available payment methods always means a great deal for Electroneum.
Electroneum (ETN): Two More Vendors Now Accept ETN as a Payment Method
On the official website of Electroneum, the currency is described as “mobile” which fits its design, which is said to be completely inclined towards mass adoption. That is how all news regarding new integrations across different shops makes a lot of difference to the rising ETN.
Several days back, prior to its birthday, on November 13th Electroneum team announced becoming a part of another store. This time, ETN will enable users to buy a variety of toys with using this digital currency.
That means that you can now shop with Electroneum at Emeralds Gift Store.
Only two days afterward, on ETN’s first birthday, the team announced another integration which makes ETN as one of the available payment methods on SportKinelab.
SportKinelab works with selling sports supplies like whey protein and Herbalife, so sporty ETN fans will now be able to spend their ETN as an everyday payment method at this store as of November 15th.
Step by step, Electroneum seem to be working on the mass adoption of ETN, which is represented as a mobile currency designed for adoption.
Electroneum Doing Equally Well in the Market
Although ETN suffered a great loss since making its all-time high, dropping by over -93% against the fiat, Electroneum was still able to showcase an amazing advantage against the stubborn, negative market trends.
That is how ETN collected over 135% in the course of the next two months, which easily brought it back to the attention of many new investors, and most probably investors that have previously deserted ETN at its lows.
On November 16th, as ETN team is still recollecting great news about new integrations that is set to introduce the crypto to mass adoption, Electroneum is doing surprisingly well despite the bearish market.
The cryptos are losing on their price once again; however, ETN is going up by 6%, providing it more positive momentum in the market.
The latest rise is presumed to be a consequence of the birthday hype and new integrations altogether.
However, many are implying that the greatest momentum earned for ETN goes to the completion of their KYC project previously scheduled for November 12th.
Electroneum Team Extending the KYC Deadline
Despite the previous announcement that Electroneum is set to become the first ever KYC compliant cryptocurrency on November 12th, the team announced that the completion of the project will be postponed.
On November 9th, in an official announcement, one of the team representatives stated that Electroneum team will be taking at least a month from the time of the announcement before the KYC compliance becomes definite.
In the video, Rich, one of the team members, stated that for now, KYC compliance will be solely voluntary, as the team will make a great use out of feedback, as the team needs to take more time in order to resolve several technicalities.
With becoming KYC compliant, Electroneum will be embracing regulations, also becoming the first KYC compliant digital asset.