British blockchain startup Electroneum, has just announced it has become the first cryptocurrency to join the GSMA in a move that will accelerate its integration into the world of mobile payments.
Electroneum has been making waves beyond the crypto niche, signing MOUs with several global telecommunications and payments companies. In addition, the cryptocurrency has been invited to exhibit at Mobile World Congress in Barcelona from 26th February to 1st March 2018. Founder Richard Ells has also been invited to speak at the conference, which will be attended by some of the world’s biggest names in mobile technology.
GSMA, which represents the interests of mobile operators across the world and counts nearly 800 operators among its members, runs the Mobile World Congress events. These events showcase the latest in mobile and payments technologies, especially those with the potential to create a better future.
The Electroneum mobile mining app will allow any user with a smartphone, anywhere in the world, to get involved and begin earning cryptocurrency at the touch of a button. The team behind the coin is working on giving these users a way to spend their earnings by partnering with mobile providers, several of whom have already agreed to formally begin the process of accepting ETN as payment for mobile data.
It’s by this method that Electroneum hopes to achieve mass, world-wide adoption and thereby revolutionise the crypto economy.