Electroneum seems to be a precisely keen crypto project

Electroneum (ETN) is a digital smartphone virtual currency project that has attracted several potential users. Since its establishment, the project has garnered notable growth. In its initial days, ETN was introduced in the United States. Since then, the project has rapidly expanded its global footprint. Various platforms are using the cryptocurrency in recent developments, including the British Bitcoin profit official application.

It is noteworthy that in comparison to other significant crypto assets in the market, ETN has shown a rapid performance. Following the scenario, experts in the cryptosphere deemed that it is one of the most valuable digital currencies.

Electroneum brings a financial ecosystem through mobile

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Electroneum allows its users to transact through mobile applications. Hence, the fact makes the project too discernible for the world, as users do not need any fancy hardware wallet, striking servers, terminals, or any platform to trade ETN. 

The cryptocurrency can be traded and used to make any type of transaction through the official mobile application.

ETN potentially brings the entire financial system to our mobile phones. The user-friendly mobile application allows to trade the asset smoothly and gives rewards for using the application. 

Users can check balance, mine ETN, and make cross-border transactions easily with just one application.

ETN is rapidly fostering

When we compare Electroneum with other crypto assets, we have observed that the project has made its way through the market real quick. Where Bitcoin took five years to witness its first million users, Electroneum attracted three million users in just three years.

When we talk about the actual utility of the ETN network, we can measure the metrics following its ranking among the top 5 websites in terms of activity. Hence, the project is considered one of the rapidly growing projects.

What pushed ETN ahead of the flagship cryptocurrency?

Electroneum, an electronic Peer-to-Peer cash system, has a patent-pending instant payment system that makes the project more striking than the coin designed by Satoshi Nakamoto.

Notably, cryptocurrencies like Bitcoin need an hour to process a single transaction through its blockchain completely. In contrast, ETN could be transacted rapidly over the blockchain.

Two seconds for any transaction

Indeed, with ETN, any user can make any transaction within just a couple of seconds, although the payment is being made locally or globally. The official mobile application of the project itself verifies the transaction and confirms whether the sender has the required amount. 

Later, the application reserves the amount so it cannot be used again and provides instant confirmation to both parties that the payment has been processed successfully.

Expansion of Electroneum’s global footprint

The crypto that proliferated has now its foot in almost every nation. In recent developments, most parts of the world are using digital currency. Moreover, ETN is the only digital currency that allows its users to top-up their data and airtime in more than 140 nations. In four African countries, users can also use ETN for electricity top-up.

ETN app has successfully processed millions of transactions over the blockchain. More than 300k app-to-app transfers and above 200k airtime and data top-ups have been processed. 

Following the facts, we can consider that ETN is a widely used crypto project.

ETN helps the world’s unbanked population

One of the objectives of Electroneum is to offer a medium of exchange to the majority of the world’s population. Hence, the project is also known as the Enablement Currency, as it helps unbanked citizens globally.

Besides targeting the 2.2 million smartphone users, ETN also kept in mind the underprivileged society. Especially countries in Africa that have no access to banking facilities.

Recent market does not influence ETN

Since the beginning of this crypto market has been facing turbulence. Major digital currencies like Bitcoin, Ethereum, and Cardano have lost more than 50% of their price value from the last ATH.

However, ETN has been skyrocketing by more than 75% over the same period. The trading volume of the asset rose by more than 1,550%. The sudden spike in Electroneum price came as it refocused its efforts on marketing its AnyTask platform. Notably, AnyTask is a freelancing platform.

However, the crypto asset has been facing turbulence over the last seven days. According to data from CoinMarketCap, at press time, ETN is trading at the price level of $0.007188. Over the last 24-hours, ETN has been up by more than 1.29%.