Nothing less than $30,000 worth of Electroneum was used for mobile top-ups in Brazil, NewsLogical has learnt.
Electroneum CEO Richard Ells made this known while highlighting the progress of the project in a report. The CEO said in November that in Brazil alone, around US$30,000 worth of ETN top-ups were reportedly made. NewsLogical reported how Electroneum website became the most visited site in Brazil ahead of other cryptocurrency projects.
While the CEO did not state the progress in other countries, he said around 60 million smartphones are being used in Nigeria, Tanzania and Uganda, and the number is expected to increase by 300% in 2025, an analysis that makes it possible for ETN mobile top-ups to thrive in the country.
Electroneum Mobile Top-ups Now Possible in Nigeria, Tanzania, Uganda
Electroneum users are now able to make mobile top-up using digital token ETN in Nigeria, Uganda and Tanzania, making six countries where ETN users can use the service.
The project partnered with third-party airtime and data providers to launch the ETN mobile top-up on all major mobile operators the said country, giving it the advantage to cover 100% of subscribers across Africa.
To achieve the said objective, Electroneum says it teamed up with “multinational third-party mobile airtime providers” that make sure ETN users are able to top up nothing less than 15 of the biggest mobile network providers across Africa.
In Uganda, users can top up MTN, Airtel, and Africell, Airtel. In Nigeria, almost all the network providers have been covered as ETN Users can easily top up their MTN, Airtel, Glo Mobile, and 9Mobile.
In Tanzania as well, Electroneum users can top up Zantel, Vodacom, Tigo, TTCL, Smart, Halotel, and Airtel.
According to Electroneum, Africa represents a huge market for cryptocurrency, and hence the need for the project to target the territory.
The development, according to Richard Ells, is another step to bring about mass adoption of ETN and cryptocurrency at large.
The progress is an opportunity to bring ETN to over 198 million Nigeria, Africa’s most populous country as 97.8% of the country’s inhabitants can now use ETN. The same is possible in Tanzania and Uganda, with 99% and 97.9% coverage.