# Electroneum – Mass Adoption – Mass Usage – Update from CEO

- Link: https://www.directorstalkinterviews.com/electroneum-mass-adoption-mass-usage-update-ceo/412745261
- Published: 2018-02-07T06:34:37+00:00
- Author: Giles Arbor

**Electroneum (ETN) Update**

Hi everyone!

WOW! I’m sorry I’ve not had time to compose an email update until now, we have been
CRAZY busy, and I’m pleased to say that everything is going extremely well.

Lets review some of the awesome stuff that has happened over the last few weeks 
in case you’ve missed any of it (take a look at our revamped website at [http://electroneum.com](http://electroneum.com/)
for more details and a timeline).

**Mobile Industry Adoption**
 It was always my plan to get to large numbers of users
and create the first cryptocurrency with mass adoption – and mass usage. The mobile
network operators have welcomed us in a way that I could only ever have dreamed 
of, and just a few short weeks after we started seeking some strategic partnerships
in the mobile industry, we have secured signed agreements with companies that would
like to promote ETN to over 100m users! We are now in negotiation with partnerships
to take this number to over 500m users!

The mobile industry literally LOVES what Electroneum is doing because not only are
we bringing a digital payment solution to the developing world, where there are 
many hundreds of millions of people without a bank account (don’t forget the android
app is now in 20 languages!), but we are also giving the users a little ETN every
month, with a real world value. By introducing a small amount of cryptocurrency 
to a large number of people we are kickstarting the real world adoption of a cryptocurrency
payment solution. The mobile operators will accept ETN, so there will always be 
somewhere to spend it, but are confident that entrepreneurial spirit will grow up
around ETN and once our PayPal™ style vendor software is finished (which will allow
the easy integration of ETN acceptance) we expect to see significant adoption in
both the developed and less developed nations.

**GSMA Membership**
 As a brand new and exciting part of the mobile industry fintech,
we have become the first cryptocurrency in history to be welcomed as a member of
the GSMA. This is a significant development in the corporate reach and appeal of
ETN.

**Mobile World Congress Attendance**
 As we’d like to make a splash in the mobile
world, we’ve secured an exhibition stand at Mobile World Congress in Barcelona. 
MWC is the largest gathering in the world for the mobile industry. I’ve been invited
to participate as a panel member in one of the conferences, where I will, of course,
be metaphorically shouting about the virtues of cryptocurrency. This is a HUGE event
and is attended by everybody of importance in the mobile space, including all the
CEO’s of of companies we are seeking strategic alliances with. I have many meetings
lined up already, and remember that Dr Chris Gorman OBE (yep, he’s been honoured
by the Queen of England) is on the ETN Board now and he has 20 years of mobile industry
experience and is well known. He is spending the full week of the show in and out
of meetings, ensuring Electroneum is the first cryptocurrency anyone in the mobile
industry thinks of, when they seek a digital payment solution in the developing 
world.

**Mobile Miner – nearly live…**
 Our mobile miner has been tested by 10’s of thousands
of community beta testers. I’d like to say a giant THANK YOU to those people who
have taken their time to help us get the product ready for millions of users. I 
have some great news for those beta testers… The original plan was to “reset the
clock” at the end of the beta testing and start all miners at zero, but we feel 
that anyone who has taken the time to help us should have at least a small reward,
and so we will pay out the ETN that has been mined by our betas! Thank you betas!
The first payout round will be AFTER the full launch of the android miner, which
we are aiming to get live for the MWC event (26th Feb).

**Larger Cryptocurrency Exchange Listings**
 HitBTC (a top 6 global exchange) has
agreed to list ETN and again, we are aiming to have that in place before MWC if 
we can. We also have another top 6 global exchange in the last stages of negotiation.
It would be nice if we could get that live for MWC too, but I can’t promise anything!
We have a number of other exchanges outside of the top 10 that are about to list
us, and it’s worth remembering that as we show our user number growing, there will
be many more of the top exchanges eager to list us.

**Tech Stuff**
 ⌊Electroneum⌉We still have a few things to sort out with our transactional
system before it’s ready for huge scale but we’ve implemented loads of new code 
that has made things run considerably smoother. We are working to update the system
to give feedback to users around the blockchain. Most users expect things to happen
instantly, when in reality the payment instruction has to go to a worker, that has
to open the wallet, sync with the blockchain, accept the instruction, make the payment
and then wait for confirmations. By feeding back lots more data to the end user 
to explain the process and where they ARE in the process, we hope to make the system
far more reflective of what is actually happening in the background. It should cut
our number of support tickets considerably too.

**Staff**
 We’ve taken on some new staff who have already started and have many 
more serving out their notice periods. They’ll be joining the team as soon as they
finish their employment elsewhere. We’ve got some AWESOME new coders and we’ve taken
on a project manager from a very prestigious brand and another from a media company
you’ll have all heard of. They are helping expand the team and bring corporate process
and structure to everything we do.

**A few stats…**
 I think it’s worth noting that we have over 800,000 users now,
nearly doubled from the end of our ICO, not bad, but you wait for that mobile miner
to be live! We will get user numbers that even surprise us!

We have over 100k+ of twitter followers and 125k+ of Facebook follows, but the most
shocking number for us is that more than ONE BILLION US DOLLARS worth of ETN has
been traded around the globe! We’ve only been live three months!

**Electroneum Price**
 For those of you who keep an eye on the price of ETN you’ll
notice that whilst it has taken a hit like most cryptocurrencies, it has been really
interesting to watch the levels of trade. When ETN was soaring in price the volume
was high, $20m or $30m USD in a day was not unusual. If you take a look at the trade
volumes now, you’ll see they are very low in comparison. This is a great indicator(
in my opinion) of the strength of the project. For the most part, people that are
involved have not dumped, but said “Hold on. Let’s not forget that all those things
that excite us about the project are nearly ready for launch. Lets wait and see 
if they really can be the first cryptocurrency that actually attains mass adoption,
like they say they will.”.

I can truly say that we have never been closer to our goals than we are today.

I’m always overwhelmed by the support of the community, you’ve been incredible. 
Some of the videos are hilarious, interesting or informative, and many of the original
supporters of ETN are still out there now making awesome video content every day.

A quick search for us on [YouTube.com](https://l.facebook.com/l.php?u=https%3A%2F%2FYouTube.com%2F&h=ATPto4Gq8-MNtf8UsZgtrrG-sXcXdN6mbEqgEn9iByRITGDTAg5u7o-DrNdoJJiiq9iEOceMv3IClmyl639ZcEHQnc-INEE1hSl8zj1EWnF8oDSequMxB7IpX4c2X4ftQoASuDHzrE0dY4_h3jMPquhdhE6AvMXsnLQ6rsF8xqaFyYNwaJmWV1_x7B_56dIIDffMxR__qmVdwrSNSluHdorfzErlutADdry7hp8Gntrn0_Ob2po2fBFgUA)
will find you hundreds of hours of video footage. My sincere thanks to everyone 
who contributes to the success of the project. By the way, if you’ve not met Sean
Davis yet with his “Crypto for the people” channel you are missing out! … [https://www.youtube.com/user/DavisBootCamp](https://www.youtube.com/user/DavisBootCamp)

I’d also like to thank all the supporters of the open source project – my thanks
goes out to the entire community who monitor our codebase and make contributions.
All are most gratefully received.

All the very best to you,

Richard Ells
 Founder of Electroneum.

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