A cellular mining app from the staff at Electroneum, the world’s first enablement cryptocurrency, has now been downloaded by a couple of million individuals worldwide– a statistic which brings it to the highest one % of cellular apps on this planet.
Electroneum’s app, which permits customers to mine, but additionally switch its digital forex, ETN, by their telephones, is considered one of solely 25,271 out of the three.8m apps within the Google Play retailer to have a couple of million installations.
It broke the million-download mark merely 9 months after it was launched and has been downloaded by individuals in 200 nations the world over.
“One of many key causes that our app is so common is that it makes cryptocurrency accessible,” says Electroneum CEO Richard Ells. “Anybody with a smartphone can obtain it and begin mining and transferring ETN straightaway – giving individuals the prospect to have interaction with cryptocurrency shortly and easily.
“The truth that individuals in 200 nations the world over have downloaded this app exhibits there’s a actual urge for food for this sort of know-how and for entry to cryptocurrency – and predict it’s solely going to get larger.”
He continues: “One million app customers is a nice begin – significantly as our blockchain has solely been reside for 9 months – however we’re aiming for extra. We wish to turn into a world enablement forex and the one manner we’ll obtain that is by mass adoption – and the route we’re entails the rising cellular fee market.
“Offering instantaneous digital funds, by way of a smartphone app, permits individuals with out financial institution accounts – who’re often called the unbanked – to entry the digital world and enhance their lives.”
With a hybrid mannequin of fintech & blockchain cryptocurrency, the Electroneum staff are constructing a suite of merchandise to assist the unbanked. One among these merchandise is a web site which can enable individuals to earn cash by their digital expertise, for instance creating content material and promoting it to Western companies to be used on their social media channels.
Richard Ells continues: “There’s a enormous demand for digital expertise within the West – companies want social media content material however don’t have the assets to create it themselves. We’re making an attempt to behave as a bridge between them and the individuals who have the talents to create it to open up a new market to a new set of suppliers.
“For those who take a look at web sites like Fiverr and Folks Per Hour there’s a rising demand for individuals to do this sort of work. And the cash that may very well be comprised of doing it may make a actual distinction to individuals in growing nations – particularly in areas the place the month-to-month revenue is round $100. In locations like this, the power to earn one other three – or the cryptocurrency equal – by taking up this sort of work may have a actual affect.
“In the long run, we wish to create an surroundings the place individuals can earn a few ’ price of ETN for spending an hour or two creating a piece of content material on their telephones after which spend it on cellular airtime, different digital purchases and even in retailers and shops. It’s a very formidable intention, however we’re properly on the way in which to doing it, which might make a actual distinction to individuals’s lives.