Electroneum have recently announced a new partnership which is set to bolster the innovative reputation of the Electroneum project. Whilst the value of the currency doesn’t seem to have responded to the announcement specifically, the announcement does mark good news for the Electroneum team.
At the time of writing, Electroneum is valued at $0.014, up 2.53%. As it stands, Electroneum is currently ranked 103rd for market capitalisation according to CoinMarketCap.
The partnership sees Electoneum work alongside Mobile Streams plc, a mobile content retailer which focuses on providing mobile phone apps and games for countries in South America and India. According to a press release, the partnership has been established to allow Mobile Streams plc to begin exploring blockchain based payment solutions within their apps and games.
According to ADVFN, the CEO of Mobile Streams plc, Simon Buckingham has said:
“We are excited to be partnering with Electroneum to cooperate on the promotion of the ETN cryptocurrency. We are very impressed with the product, especially the mobile mining aspect of acquiring coins, and firmly believe it will have a positive impact on customers in our distribution markets.”
Moreover, according to ADVFN, Taylor Gorman of Electroneum has said:
“We are looking forward to the partnership with Mobile Streams, promoting the installation and use of our cryptocurrency within their platforms, adding to the 1.6 million current confirmed users we already have. Mobile Streams is a company with a wealth of experience and expertise in the mobile industry around the world and has a subscriber base of over 750,000 in Latin America that will enjoy the benefits of our mobile miner.”
You can see the full press release on ADVFN for yourself, here-
Electroneum relies on the use of mobile phones, really, it is a currency designed with the mobile phone in mind, therefore it is super important that Electoneum get companies like Mobile Streams plc on board, therefore, I’m sure the team will be pretty pleased about closing this deal.
As stated, Mobile Streams plc already have around 750,000 customers, this will no doubt grow with the integration of blockchain technology, providing a bigger and better customer base for both Electroneum and Mobile Streams plc.