Electroneum (ENT), based in Britain and launched back in September as an ICO with an active pre-sale, might be one of the simplest and most user-friendly currencies in the market, which might also explain how ENT came to the top 50 largest cryptocurrencies.
That is how Electroneum is currently taking the spot of the 43rd-largest digital asset with the market cap of over 185 million dollars. Moreover, the crypto is showing an amazing progress in the market on September 28th as ENT is seen spiking up against the fiat in an evident bull run of 36% against the fiat in less than 24 hours.
Although a great part of the cryptocurrency market is showing a bullish return since September 27th, rarely has any of the top assets managed to acquire such a progressive rate of growth as ENT did in the last 24 hours.
Potential Reasons behind the Latest Surge of Electroneum
Electroneum, the currency that is said to be the simplest crypto asset in the market, has shown some amazing progress in the most recent bull run of 36% against the fiat in the period of a single day.
One of the potential reasons why Electroneum seems to be in a good shape as of the latest case of events might be summed up in the fact that this crypto has a clear goal of supporting potential users around the world who lack the access to functional banking systems.
By far, Electroneum, although originally launched as a Britain-based currency, has spread its influence, alongside with its practical idea, to Indonesia, India, Africa and great parts of South America, where access to banking and financial institutions is somewhat limited.
Providing an additional, and more importantly, simple solution for reaching out to countries that are limited in the terms of having access to banks and financial institutions, Electroneum is managing to establish a reputation that is well-forged in the matter of supporting the main objective of ENT.
Additionally, Electroneum is said to be designed so that anyone, even the non-tech-savvy people that are interested in cryptocurrency and blockchain, would be able to easily use it for making transactions across the globe that take a brief time to be completed.
What makes Electroneum unique among around 2,000 different competitors in the market of digital assets is the fact that the team behind ENT has succeeded in something that many blockchain startups have tackled before, but without any physical success.
Apparently, ENT is unique in the sense of using a special application that grants access to Electroneum ecosystem with easy access and in a rather simple way. Richard Ells, the founder and the CEO of Electroneum currency stated that ENT is all about “simplification and ease of access,” so due to the availability of a specially designed application, users can also mine their ENT directly with utilizing the mentioned app, that way earning some ENT that they can later use, store, or exchange.
As far as the team concerned, they are encouraging adoption of cryptocurrencies in general, as well as the adoption of ENT, so they are working on spreading their influence, which seems to be working on the value of ENT in the market as well.
To bring their venture to the next level, the team is not only providing banking services where the access to banks and financial facilities are limited but is also working on solving different problems in the developing world, which is why the team behind ENT is also targeting telecommunication companies.
Electroneum and the Telecommunication Breakthrough
Back in January of the current year, Electroneum announced a massive Momentum of Agreement with a payment and telecommunication giant called XIUS, which enables ENT users to pay for their mobile services without the need to go over massive lengths in order to do so, which is often the case in the developing countries.
So, in a way, you can freely claim that ENT is kind of patching up the areas around the globe that are in a way isolated from an easy outreach to services like topping off a SIM card or send money at low fees and prompt processing times.
Additionally, the team will be targeting other telecommunication companies, while they are also working on enabling instant cryptocurrency payment system by the end of 2018, alongside with already having exposed around 350 million of smartphone and Android users to the digital market where they can operate their transactions in an easy and simplified way, diminishing the lack of banking and payment solutions.
