Crypto payments network Electroneum is expanding its utility bill and
mobile phone airtime top-up coverage to more countries in Africa.
Electroneum has announced the expansion of its service coverage to four additional West African countries — Benin, Togo, Côte d'Ivoire, and Sierra Leone.
The
move brought the company’s African service coverage to nine nations
with Nigeria, Senegal, Mali, Gambia, and Guinea-Bissau already in the
mix.
With over four million registered users, Electroneum’s African push has focused on utilizing its ETN token for utility bill payments and mobile airtime subscriptions via the company’s mobile app.
Nigel Pooley, head of business development at Electroneum told Cointelegraph:
“We
are very pleased with the hundreds of electricity top-ups that have
been completed in Nigeria, where we have hundreds of Electroneum users.”
According
to Pooley, the electricity top-ups feature is creating ETN utility
across the company’s suite of products and services, adding, “Most of
these transactions come from our AnyTask freelancers.”
AnyTask is a freelancing platform powered by Electroneum that is reportedly gaining significant patronage.
As previously reported by Cointelegraph, crypto adoption is helping to improve the lot of African freelancers in the expanding gig economy.
Commenting
on future plans, Pooley revealed that the company was working to
partner directly with electricity companies and mobile network
operators. According to the Electroneum business development chief, the
goal is to ensure that users enjoy base rates on electricity top-ups and
mobile airtime recharge payments.
For now, most ETN-based bill payments and airtime subscriptions occur via crypto-friendly third-party agents in Africa.
“We
have already managed to land direct deals with two mobile network
operators, The Unlimited in South Africa and Cellcard in Cambodia,” said
Pooley, adding:
“But the truth is that there's very
little appetite for crypto amongst these two industries as they believe
the risks have yet to outweigh the benefits.”
source link : https://cointelegraph.com/news/token-based-electricity-top-up-app-expands-in-africa-but-faces-headwinds
