Business
Electroneum, a cryptocurrency, will start electricity recharge in Nigeria
What is Electroneum
Electroneum is a blockchain-based payment system, specifically created for use on mobile hardware such as smartphones. Many people think that it is the first product that complies with the Anti-Money Laundering (AML) specification and “you are your customer” cryptocurrency. You can easily mine Electroneum’s cryptocurrency from your smartphone.
How do I buy Electroneum?
The cryptocurrency can be purchased from multiple cryptocurrency exchanges such as Liquid and Huobi. Each cryptocurrency exchange offers different ways to pay Electroneum’s payments, so be sure to check which payment methods are offered to you.
The UK-based blockchain Electroneum will launch in-app power-up functions in four African countries to support power digital payment projects in Nigeria, Senegal, Mali and Gambia.
How Nigerians would benefit from it:
The electricity bill payment platform will allow users of the Electroneum app to pay for electricity by using Electroneum tokens to charge the meter directly from the app installed on the phone.
However, although Electroneum has expanded globally through different payment projects, some of its users have not discovered some of these exciting reasons, due to the declining returns of cryptocurrencies in recent months.
Their cooperation with NGOs in these countries is a potential way to promote the wider use of cryptocurrencies. Electroneum told Cointelegraph in a note:
“By working with non-governmental organizations (NGOs) in developing countries, we are truly adopting a cryptocurrency. We are supporting people and allowing them to join the global digital economy for the first time.”
According to data obtained from Coinmarketcap, Electroneum ranks 64th among the most valuable cryptocurrencies in the world, with a market value of approximately $ 95 million, a transaction price increase of 5%, and a price of $ 0.0093 at the time of writing this report.
The report also added that this will help minimize trade barriers and help freelancers make 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.”
Photo by BeatingBetting 
