Crypto technologies are gradually changing the world and are increasingly being implemented in mobile communication devices. Thus, a new smartphone from Electroneum will make it possible to mine cryptocurrency. The British digital payments company Electroneum, following the appearance just a few days ago of a cryptocurrency wallet in the latest Samsung S10 model, has presented its M1 smartphone, with which the smartphone's owner will be able to mine the ETN cryptocurrency. The mined ETN cryptocurrency can be used for various purposes, such as topping up mobile data, online shopping and other online services. Each month one can mine about 3 US dollars' worth of them. The M1 mobile phone itself costs only 80 US dollars.
One of the biggest advantages of the M1 is its affordability in developing countries. This provides an excellent opportunity to stimulate the adoption of cryptocurrency and blockchain in these countries and contributes to global use. South Africa was chosen 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 stated that they would like to use ETN for payment."
The introduction of this feature in the smartphone may ensure an expansion in the use of ETN. Currently, ETN has 2878394 users and more than 300000 followers on social media. This means that the already growing number of users will receive significant growth, which may prove to be quite useful not only for Electroneum, but also for the cryptocurrency market as a whole.
However, this feature has certainly also received several negative opinions. In a recent tweet, Weiss Ratings indicated that they are not confident in the mining capabilities and doubt its functionality. Along with the other distinctive features that the M1 possesses, it may attract a variety of users around the world, which, in turn, will promote the concept of digital currency. By using a multitude of applications and blockchain, the introduction of this feature will help cryptocurrencies bring about a revolution in the world economy.
