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.Utrust makes it easier to spend cryptocurrencies by reducing the price volatility and adding consumer protections.

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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.

UTRUST is developing a cryptocurrency payment solution with instant transactions, consumer protections, and escrow services. Their goal is to protect merchants and consumers from volatility by allowing them to instantly convert cryptocurrency payments to fiat currency. The network is powered by the Ethereum-based UTK token.

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