Electroneum

by Electroneum

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Terra

by Terraform labs PTE.LTD

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Electroneum

by Electroneum

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Terra

by Terraform labs PTE.LTD

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What problem does this service solve?

Electroneum is launching a payment system for developing countries. The mobile app, which already has over one million registered users, gives users a small amount of their native token to increase liquidity and adoption.Terra's goal is to make it easier to integrate Crypto payments with existing banking systems.

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Company Description

Electroneum is creating a payment system for developing countries. Their platform is designed for mass adoption and uses a mining protocol that encourages daily use. Electroneum's mobile app will provide a digital payment solution that can be more easily used for transactions in these countries. The platform has a unique mobile mining protocol that gives a small amount of their native token (ETN) to users every day. This is meant to drive user adoption and provide greater liquidity to the network.

The Terra blockchain is used to record transactions for its price-stable cryptocurrency. Terra is a South Korean company that is focused on leveraging blockchain to facilitate stablecoin payments for a variety of decentralized apps in Asia. The company has partnered with payment gateways such as CHAI and Meme Pay, to enable users to send blockchain-based payments with direct banking integrations, allowing anyone with a local bank account to instantly send stablecoin payments that are pegged 1:1 with their local currencies.

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