The three network operators involved cover almost 100% of the country and have a combined subscriber base of around 80 million people.
Electroneum has decided to provide the possibility of recharging its data and call plan through its mobile app by paying with ETN. Unfortunately, for now, the service is only available in Turkey and is provided by a third party.
Richard Ells, CEO of Electroneum, said:
“This is the first time ETN users can top up their mobile phones with airtime and data with all the mobile network operators that operate in a country, covering 100% of the population,” Electroneum CEO Richard Ells said. “This is an important step for Electroneum, particularly because we have some 41,000 users in Turkey and growing.”
Electroneum already has over 3 million users worldwide, driven mainly by the innovative smartphone mining system introduced in previous years.
This service has already been successfully tested in Brazil and South Africa with various telephone operators.
Turkey and cryptocurrencies
Electroneum’s choice of Turkey is obviously not random.
The country has an average young population at ease with technology and seems more open to the adoption of modern payment solutions, including cryptocurrency.
27% of the population is between 0 and 14 years old, while 67% is between 15 and 64 years old. Only 6% are over 64 years old. The average age is under 31.
The Turkish government has also recently revealed an economic programme to create a cryptocurrency issued directly by the central bank by 2023.
Another very significant statistic is the Statista report, which states that one out of five Turks owns or has had to do with cryptocurrencies.
Moreover, almost 30% of the population would not have a bank account and still use only cash as a means of payment.