Cryptocurrencies are empowering a technology. That is what Richard Ells, the CEO and founding father of Electroneum and AnyTask.com, stated to 1000’s of attendees at Blockchain Africa Convention 2021 this March.

In accordance with him, Electroneum and AnyTask.com, enabled 1000’s of on-line freelancers worldwide to earn cryptocurrency throughout the previous years.

A British entrepreneur launched Electroneum and ETN-powered freelance market AnyTask.com in 2017 and 2019 respectively. The platform permits entry to the worldwide digital financial system to anybody with a smartphone and with out even having a checking account.

In accordance with Richar Ells, the variety of folks with out entry to banking companies was at 1.7 billion in 2018. However a really small variety of blockchain startups have unlocked the worldwide digital financial system for the world’s unbanked since.

Mr. Ell referred to the digital financial institution transfers, which may take an enormous period of time and could be impractical for smaller quantities:

It merely wouldn't make sense to ship $5, for instance, from the UK to Nigeria or from New York to Senegal with out the price of that switch being considerably greater than the quantity despatched.

In the meantime, cryptocurrencies like Electroneum have empowered 1000’s of individuals with sending the smallest quantities in ETN tokens cheaper and quicker.

Mr. Ells recalled that for the primary 30 months after its launch in 2017, Electroneum managed to usher in tens of millions of customers to the world of crypto who could haven’t gotten concerned in any other case.

In accordance with him, they bought into cryptocurrency due to the straightforward course of, permitting them to earn digital currencies by cell phone simulated mining.

5% of Electroneum’s international consumer base resides in Africa.  Richard Ells identified that Africa has the youngest inhabitants on the earth and is “a vastly necessary place when it comes to cryptocurrency.”

As states the World Financial institution’s and United Nations’ report, the younger inhabitants means a bigger upcoming workforce and extra alternatives for  innovation and financial progress.

Mr. Ells famous that Africans are extremely entrepreneurial and energetic on the AnyTask.com platform. There are over 57,000 AnyTask customers throughout 54 African nations, representing 8.5% of the overall consumer base that totals almost 671,000, studies Electroneum.

Electroneum is a cell phone-focused crypto platform that provides a revolutionary on the spot fee system. The main focus of Electroneum is to supply the quickest and most secure crypto transaction with minimal charges for the world’s unbanked inhabitants.