With the advent of a cryptocurrency wallet in the latest Samsung model, namely the S10, just a few days ago, the British digital payment company Electroneum introduced its M1 smartphone, which allows the user to mine cryptocurrency (ETN).
The extracted cryptocurrency can be used for various purposes, such as updating mobile data, online purchases and other online services. These mobile phones cost only $ 80. Monthly they can earn about $ 3.
One of the biggest advantages of the M1 is its availability in developing countries. This provides an excellent opportunity to stimulate the introduction of cryptocurrency and blockchain in these countries and contributes to global use. South Africa was selected as the first launch market. The CEO and founder of Electroneum said:
“South Africa was an obvious choice for us. We conducted a large survey in the country and found that 97 percent of respondents said they would like to use ETN for payment. ”
The introduction of this function may well provide a widespread expansion of the use of ETN. Currently, ETN has 2878394 users and more than 300000 subscribers in social networks. This means that the already growing number of users will receive significant growth, which can be very useful not only for Electroneum, but also for the cryptocurrency market as a whole.
However, this feature certainly received some negative opinions. In the last tweet, Weiss ratings showed that they are not sure about the mining capabilities and doubt its functionality.
Along with other features that the M1 possesses, it can attract various users around the world, which in turn will promote the concept of digital currency. Using a variety of applications and blockchain, the introduction of this function will help cryptocurrency revolutionize the global economy.
