A cryptocurrency-based payment network Electroneum is working to expand its services across Africa. The app provides utility bill and airtime top-up for mobile phones. Meanwhile, the service is focused on developing Electroneum (ETN), a crypto token.
Electroneum recently made an announcement stating its expansion across other African countries. Benin, Togo, Sierra Leone, and Cote D’Ivoire are the four west-African the payment service will extend to. Therefore, the company’s service will cover nine countries. The payment service already works in Guinea-Bissau, Nigeria, Senegal, Mali, and the Gambia.
Electroneum wants to expand across Africa to integrate its ETN token for mobile airtime subscription and utility bill payments through their mobile app.
According to Nigel Pooley, head of business development at Electroneum, the company already has hundreds of users in Nigeria. Moreover, they have successfully processed hundreds of transactions in Nigeria.
Meanwhile, most ETN-based bill payments and airtime subscriptions occur via crypto-friendly third-party agents in Africa.
Electroneum also powers AnyTask. AnyTask is a freelancing platform reportedly gaining some level of patronage. Since crypto adoption is helping to expand the activities of African freelancers, this feature is creating utility for ETN across Africa.
Pooley revealed that the company is working to integrate its electricity payment system directly with electricity distributors and mobile network companies.