Sunday, January 24, 2021

Electroneum (ETN) Treads Towards Adoption in Argentina for Payment by Merchants

The popularity of cryptocurrencies such as Electroneum (ETN) across the world is clearly on the increase on a daily basis. Many merchants, especially in African and South American countries, now prioritize the use of digital currencies for payment.

In this regard, Herald Sheets took a closer look at the growth and development within Electroneum (ETN) ecosystem in Argentina using the latest developmental article published on a website affiliated with the cryptographic project.

This informed the Electroneum community about the road to adoption for payments by merchants which the cryptographic project has been treading.

Electroneum (ETN) Treading Towards Mainstream Adoption in Argentina

In the article, two personalities were keenly followed to see how far Electroneum has gone in the environment where ETN adoption is at the peak. The names of these two are Pablo Canepa and Gabriela Herrera of Bariloche, Argentina.

Pablo Canepa got involved in cryptocurrency and its operation 2 years ago after a piece of brief eye-opening information he got from a friend about Bitcoin, which was followed by a hint about Electroneum (ETN).

The information he garnered about Electroneum gives him the hope of a bright future for the cryptocurrency, due to the utilities embedded in it.

According to Pablo, he realized that cryptocurrency will eventually reign supreme in the financial world after deeper and personal research he conducted. He said, “…well-thought review into the top ten ICOs in late 2017. Electroneum was among those top ten.”

He also shared about a community in Bariloche with an exceeding increase in ETN adoption.

He said, “This town has a population of 200,000. There are currently at least 20 shops and service providers accepting ETN, and this will tend to increase.”

Additionally, Pablo is an employee under the Bitcoin Foundation of Argentina, an organization that focuses on educating the people of the country about Bitcoin (BTC).

He believes that Bitcoin is better as a store of value or safe haven, while Electroneum (ETN) has real-world utilities that convinced the people of the region, especially the merchants, to broadly adopt it over other cryptocurrencies.

Gabriela Herrera’s Shared Experience

According to the release, Herrera is a resident of Bariloche, Argentina. She is a famous artist that has started accepting the digital token ETN.

It is getting more obvious that Argentina is advancing into another major financial crisis such as the Great Depression the country faced during the financial crisis of 1998 to 2002. This fact has pushed the people of the country into looking for a means to protect their life savings.

Herrera also stressed on what actually convinced her regarding Electroneum (ETH) and some people of the region she knows personally.

She said, “It makes access to the world of cryptocurrency all that much easier and with its ETN rewards system. I see Electroneum making key decisions and working on key products and services that are crucial in making the world a fairer place with equal opportunities for all of us.”

Tobi Loba
Tobi-Loba is a creative and an award-winning writer with over 5 million readers from all over the world. She has B.A in English and Literature from a reputable University and currently studying for her M.A in the same field. She recently became a contributor at Herald Sheets in order to satisfy her thirst in reporting crypto and blockchain occurrences, the interest she built over the years.

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