Electroneum Ltd, a U.K. based cryptocurrency made for mobile, has signed a strategic partnership agreement with One Development Co., Ltd., a mobile virtual network aggregator (MVNA) and enabler (MVNE), based in Thailand - to introduce and make it easy for its clients and end-users to trade and earn digital currency.
Electroneum wallets are managed on a smartphone via an app, and the coins are generated by the unique mobile miner running as a background activity. Everyone can buy or sell using very fast micro-transactions enabling currency to be transferred between apps, games, vendors, operators and users in a transparent, trusted and efficient way, instantly buying goods and services or topping up airtime at fraction of normal cost.
ETN rewards users for their engagement and advocacy, which acts as a catalyst to build a strong community both on mobile and on the ground. ETN’s partnerships with mobile operators, MVNOs and vendors enables multiple opportunities to earn more of the currency and spend it, creating a sustainable ecosystem in territories across the globe and injecting liquidity into local markets.
Allan Rasmussen, CEO of One Development said: "We are always on the hunt for solutions and services that can help our MVNO partners, scale from great to awesome. With Electroneum, we firmly believe we found a partner that ticks the right boxes when it comes to benefiting all stakeholders in our ecosystem.”
“Whilst cryptocurrency is still in its infancy, Electroneum is a popular choice with millions of active users and one of the highest rankings on social and web. With ETN’s introduction of Know Your Customer (KYC) and Anti Money Laundering (AML), the regulatory compliance box has also been ticked, providing a trusted environment, and we now look forward to working with Electroneum on the promotion of ETN.”
Richard Ells, Founder & CEO of Electroneum, said: "We are delighted to be working in partnership with One Development and are most encouraged with Thailand’s world-leading, open embrace for cryptocurrency.”
“Understanding the balance of bringing the benefits of blockchain to their citizens whilst also protecting them from many risks. This developing partnership is an important example of how the ETN model drives self-funding, financial inclusion and inclusivity; a powerful connection between the unbanked and industrialized worlds that enables populations to work out of poverty. The depth of experience and local market insight that One Development have, gives us great confidence in the potential this provides.”
About One Development:
One Development (Thailand) Company Limited, is the leading mobile virtual network aggregator (MVNA), and mobile virtual network enabler (MVNE) in ASEAN. The company provides a flexible turnkey solution of expertise, connectivity, and technology, to launch and operate successful digital services to end-users. Led by telecom veterans, One Development has the ability to assist public and private enterprises, to build their own mobile virtual network operator (MVNO) service faster and more affordable. The company has its headquarter in Bangkok, Thailand. For more information please visit: www.weconnectthailand.com
ETN is based in the UK. Raising $40m from its Initial Coin Offering (ICO) in November 2017 and currently has more than 2.5 million registered users. The senior team add high level experience. Electroneum is leading the market in mass adoption. With a focus on ease, use and simple integration. Electroneum are demonstrating that crypto must be more than the tech. For more information please visit: https://electroneum.com