Nigeria: Electroneum, a Cryptocurrency, to Launch Electricity Payments

Electroneum blockchain

  • Electroneum, the British-based blockchain, will launch an in-app electricity top-up feature across four African countries: Nigeria, Senegal, Mali and Gambia.
  • Electroneum can be purchased from various cryptocurrency exchanges such as Liquid, and Huobi.
  • The cryptocurrency would help minimize barriers to trade and help the freelancers earn a living.

Electroneum, the British-based blockchain, will launch an in-app electricity top-up feature across four African countries to fund digital electricity payment projects in Nigeria, Senegal, Mali and Gambia.

The electricity payment platform will allow users of the Electroneum app to recharge their electricity meters straight from the app installed on their mobile phone via payments in Electroneum tokens.

Electroneum is a blockchain-based payment system specially developed for use on mobile devices , such as smartphones. Many believe it is the first Anti-Money Laundering (AML) and the cryptocurrency ‘you are your customer’ cryptocurrency. The crypto from the Electroneum is quickly mined from your smartphone.

Electroneum can be purchased from various cryptocurrency exchanges such as Liquid, and Huobi. Each cryptocurrency exchange provides a number of ways to pay for Electroneum so be sure to test what payment options are available for you.

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Although Electroneum has spread across the globe with its numerous payment ventures, some of its users don’t find these exciting, partially due to the depreciating returns on Electroneum in recent months.

Electroneum, the Cryptocurrency deploying Electricity Top-Ups in Nigeria, according to data gathered from Coinmarketcap, Electroneum ranks 64th as the world’s most valuable cryptocurrency, with a market capitalization of around $95 million, trading up by 5 per cent, with a price of $0.0093 at the time this study was drawn up.

A possible way to promote the broader use of cryptocurrencies is their partnership with non-governmental organizations in those countries. In a note Electroneum told Cointelegraph that:

“By working with NGOs (Non-Governmental Organizations) on the ground in developing nations, we are achieving true adoption of a cryptocurrency. We are enabling people and allowing them to join the global digital economy for the very first time.”

The report also commented on the fact that it would help minimize barriers to trade and help the freelancers earn a living.

“More importantly, we want to ensure that the vast number of highly skilled unbanked people of the world have an opportunity to join the global freelance revolution.”

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