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All coins in the market are trying so set traction on the upside trend as the market recovers from downslope to convince lovers with prosperity gesture. The mobile base mining cryptocurrency, Electroneum (ETN) leapfrogged ahead of others in the market by trying to foster its bullish race with a partnership that could light the tunnel end in no time.
According to a release, the UK based cryptocurrency penned a partnership deal with ‘One Development Co’ to enhance its services in the crypto verse by assuring easy trading and earning of crypto for MVNO clients and end-users.
The partnership with the Thailand based company who is a mobile virtual network aggregator (MVNA) and enabler (MVNE) is tipped of helping Electroneum with end-to-end mobile-based cryptocurrency solution that will enhance the crypto’s Know Your Customer (KYC) and Anti Money Laundering (AML) procedures.
However, the release noted that the collaboration will assist Electroneum in embracing regulatory requirements.
While Electroneum stand as a cryptocurrency which allows mobile virtual network operators (MVNOs) and vendors to execute instant payment for their end-users and distribution channels, the CEO of One Development, Allan Rasmussen, revealed the company’s yen for MVNO partners:
“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,” Rasmussen averred.
The CEO added eulogy for the mobile based cryptocurrency stating that KYC and AML is sure an outstanding solution introduced by Electroneum into the crypto space.
“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 work with Electroneum on the promotion of mobile-based cryptocurrency,” Rasmussen added.
The CEO of electroneum, Richard Ells, also expressed his delight on the new partnership saying:
“We are delighted to be working in partnership with One Development and are most encouraged with Thailand’s world-leading, open embrace for cryptocurrency and their in depth understanding of the balance of bringing the benefits of blockchain to their citizens whilst also protecting them from many risks.”
With over 2.7 million registered users, many opined that while regulatory standard have longed been a major challenge for cryptocurrency in the finance industry, Electroneum (ETN) is sure of making huge inroad with the partnership.