RATE Group | Electroneum Becomes First KYC Compliant-Cryptocurrency
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Electroneum Becomes First KYC Compliant-Cryptocurrency

05 Oct Electroneum Becomes First KYC Compliant-Cryptocurrency

Posted at 20:02h in Cryptocurrency News by

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Electroneum Becomes First KYC Compliant-Cryptocurrency

The makers of mobile-based cryptocurrency Electroneum (ETN) announced today that theirs will be the first fully Know Your Customer (KYC) compliant cryptocurrency in the world.

Electronuem’s business strategy has served them well in the past, allowing them to tap into a market of millions in underdeveloped countries by going entirely mobile phone based. The company states on its website that their goal is to connect underserved populations who don’t have access to banks with a means of currency.

There are roughly 350 million smartphone users in the world, representing a massive market that the company claims on its website will enable a 3 trillion dollar marketplace.

The makers of Electroneum have partnered with London-based app maker Yoti’s digital identity authentication tool to carry out…

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