Since Electroneum crypto (ETN) hasn’t been a good investment instrument given a -53% ROI, its goal is to grow its freelance job marketplace that uses the ETN crypto as a payment instrument by 10,000 professionals. Launched in February 2020, AnyTask doesn’t charge fees to freelancers and they don’t need a bank account to accept ETN.
Electroneum won the Crypto AM award for social impact and sustainability for helping people in developing countries. Electroneum also intends to improve its regulatory position and expand acceptance of ETN. Here’s more coverage from a CoinTelegraph article:
“Other priorities for 2021 include registering with the United Kingdom’s Financial Conduct Authority, listing on major crypto exchanges in the U.S., and ensuring that people can spend the platform’s ETN tokens anywhere. To this end, mobile phone and electricity top-ups are going to be rolled out to even more territories worldwide.
In time, the platform’s goal is to ensure that food essentials, medicines and other staple items can be purchased through its app and sent to family and friends around the world — a more cost-efficient alternative to remittances, cross-border payments that can attract prohibitive fees.
Overview by Tim Sloane, VP, Payments Innovation at Mercator Advisory Group