Why choose Electroneum out of those thousands of coins that are out there?
- Focussed on those with low income and/or no bank account
- Coin can’t be mined professionaly
- Every month free coins worth up to $ 3,- usd
- Hardly uses any power (unlike most other coins)
- Topping up your mobile phone with data and minutes
- Introduce new users and earn additional ETN
Price Waterhouse Coopers predicts the market of the 350 million smartphone owners that have no rugular bank account to be as large as 3 trillion USD. With Electroneum these smartphone owners can have a free ETN bank account and start sending and receiving money within 10 minutes.
Electroneum is KYC & AML compliant
Electroneum uses know your customer (KYC) which refers to due diligence activities that financial institutions and other regulated companies must perform to ascertain relevant personal information from their clients for the purpose of doing business with them.
Anti-money Laundering (AML) refers to a set of procedures, laws and regulations designed to stop the practice of generating income through illegal actions.
Why is compliance important?
As the world begins to adopt cryptocurrency, it’s clear that mass adoption is only possible if governments and corporations embrace the use of cryptocurrency. However, in order for this to occur, cryptocurrencies must ensure regulation is adhered to.
That is why in 2018, Electroneum (ETN) became the world’s first cryptocurrency to embrace KYC and AML compliance in compliance with the 5th EU Anti-Money Laundering Directive. This in turn, is enabling us to work with governments and corporations, who are helping us to introduce Electroneum to a worldwide community.
Electroneum (ETN) has become KYC and AML compliant by introducing a verification process that all our users must adhere to, giving the governments and corporations of the world a cryptocurrency they can trust.
How does Electroneum verification work?
Upon downloading the Electroneum app, new users will be required to complete one or more of our three verification tiers:
|Level 1||Enables users to send/receive up to 150€ of ETN within a 3 month period|
|Level 2||Enables users to send/receive up to 10,000€ of ETN within a 3 month period|
|Level 3||Enables users to send/receive more than 10,000€ of ETN within a 3 month period|
The fairest online freelancer marketplace by Electroneum.
Launching this year, Electroneum (ETN) eLearning platform named Gig Guru will allow users to learn, share and monetise their digital skills using ETN as payment.
The platform will enable more than 1.7 billion unbanked people worldwide to access online digital learning for the very first time. At the same time, developed economies gain access to a low cost new resource of highly motivated skilled people.
Importantly, Electroneum (ETN) won’t be charging for the platform or collecting fees in the way that this market normally works. Sellers will be able to sell their digital skills and receive 100% of the proceeds.