Electroneum is a digital currency based on smartphones with a focus on securing global adoption. It was established on July 2017 by the Electroneum Limited company led by Richard Ells. Its focus is on the 350 million developing countries smartphone users who do not have bank accounts, but have a potential of a 3 trillion-dollar market.
Electroneum is designed with the mobile user in mind. It has an android App that will enable users to carry out instant cryptocurrency transactions. The AppShow more [+] available in 20 languages and is used all over the world. It also features a mobile miner and is focused on reducing crypto transaction costs as much as possible.
It has a pending instant payments patent for users to pay and receive ETN (the token) instantly in everyday transactions. The team plans to eject a little ETN in users smartphones in the pilot phase to enable them familiarize with cryptocurrency. It will also support a few other coins including Bitcoin.
The Electroneum (ETN) coin is available in various exchanges including KuCoin, CoinBene, Cryptopia, Liquid among others. Its initial coin offering (ICO) ended on October 2017 after it reached the $40M hardcap target. It currently has about 2,445,866 registered users.