Wednesday, April 22, 2020

Why Electroneum will be a top cryptocurrency


First excuse me, I'm not techy in picking certain terms but I hope you get what I mean.Electroneum, in my opinion, is the perfect model for a CBDC 'Central Bank Digital Currency". What about other "current top projects" like XRP for example? Yes they're great, but I mean the CBDC in its full concept. Not only that but it's also the perfect model for how money can be in the time of catastrophes, i.e. COVID-19.If you were to introduce your relative to Crypto, what is the easiest and direct way to do? Just give them a link to an app. They don't even have to use the bank to get into Crypto. No Credit Cards, no wire transfers. You don't have to put money somewhere to buy Crypto.Now, they got the Crypto, how do they use it? Where do they spend it? Now, they can buy phone credits directly. If they wanna earn a living, they can use AnyTask. That's only the beginning of utility.When money was first used it was first to get 1 or 2 simple things, then utility grew. Crypto is the new money system, so they should do that too, but no other coin is doing that now except for Electroneum.Imagine everything collapsed during COVID-19 including Crypto. In South Africa, people need something of value, something already present to exchange for something else, what else except the ETN they have been rewarded?Governments need a model for their CBDC, private but can be monitored to some extent for illegal activities, easy to use, very secure, a network that can stand pressure and above all "utility" which means a digital asset that has gained value through adoption.In my honest opinion, I think the Electroneum project is what fits it all and what Electroneum has been doing is to reach that point, to do what every other Crypto couldn't do, including the "current top projects."I think everything will change in the Crypto land. Only very few numbered projects will stay, will be used and will be big companies. The current ranking won't last and Electroneum will have its own rank specially when everything is regulated.I also think that Electroneum knew about that before even launching, and even more. They are trying and they are succeeding in spite of minor hiccups. Electroneum existed during a long bear market and now a hard time facing humanity. The overall market is not helping, but Electroneum is still there and doing its thing for the present and the future.Did you see the latest Forbes article titled "Will Bitcoin be a Winner?"? who was the first Crypto personality that said their opinion? It was the Electroneum CEO!Did you notice when the Libra project first came out, it used the very same terms, ideas and goals only Electroneum has been using? Maybe it's a coincidence!And above all, Electroneum is reaching out to those in need, on the ground. It's making its base. Those who will use Crypto are those who need both a bank account and to earn a living at the same time but they can't, especially in a time which traditional fiat currencies are bound to collapse and change. via /r/Electroneum https://ift.tt/351RVSv