Whereas, other top coins are having a moment in red color in last 24 hours, Electroneum (ETN) keeps on impressing as it has moved up to 42th spot in the market and goes on at a speed of Hennessey Venom F5. In last 24 hours, ETN has shown a rapid increase in its price and is keeping on to move to top 30 coins. The market cap of electroneum is growing at a rapid pace and it looks that by the start of next month it would be in top 30 coins.
Electroneum (ETN) has been able to gain the users interest and has made a magnificent stride towards making itself a well-known coin. Before Electroneum makes it to the rank of top coins, ETN has a lot of work to do and many things to prove, which ETN has been doing good so far. Electroneum (ETN) compliance to KYC has opened a new doors for the coin to head in direction where they can really make new partnerships and developments. This will bring more deals for ETN, and the coin is not far ahead from making a big deal. Electroneum so far has been able to make investments and in future we can except much big things to come. ETN can know head to make partnerships with companies without getting any sort of government influence. Electroneum tweeted:
“KYC is coming on November 12th. Everyone needs to complete Tier 1, but you only need to complete Tier 2 (and show formal proof of ID) if you hold or transfer more than 150 Euros’ worth of #ETN every 3 months. Please don’t complete Tier 2 unless you have to!”
After Electroneum (ETN) compliance to KYC, the first partnership for ETN has come up with Yoti. Yoti is a digital identity app, which will help electroneum to streamline and simplify their KYC process while allowing individuals prove their identity in seconds and share their verified details. This process will prevent multiple identification of document and keep it secure.
The partnership with Yoti will let those users who need to give more comprehensive level of KYC to come up ETN requirements in a way that it is simple, robust and fast. Electroneum partner Yoti shares the same desire of ETN to shake up the FinTech world without cutting corners and compromising security.
Electroneum have achieved a great milestone and entered into a new era. Becoming the first KYC-compliant cryptocurrency, ETN know heads to see itself competing at a whole next level. The CEO of electroneum, Richard Ells said:
“This will help us evolve from a cryptocurrency into a recognized means of digital payment like PayPal or Apple Pay, which will enable us to help our core market: smartphone users in developing and emerging countries.”
At the time of writing, Electroneum (ETN) was trading at price of $0.023 USD with a market cap around $192 million. It has gained up to 8% in last 24 hours. In coming months, we will see electroneum surge more and it’s price in next few months can go past $1, if the coin keeps on moving with this rapid pace.