Developed as a mobile cryptocurrency and aimed at the global payments markets, Electroneum becomes a mode of payment for Charity fundraising campaign for the eradication of gun violence in America.
Renowned American educator, Michael Stevens, has picked out Electroneum (ETN) as a payment method for raising $50 million for the Andrew Pollack’s charity Americans for C.LA.S.S (Children’s Lives and School Safety) campaign.
In light of the recent school shootings in the US,the campaign is aimed at eradicating the risks of gun violence by implementing an eight-point safety plan in schools all across the United States. The use of Electroneum (ETN) for payment was brought to focus by Michael Stevens.
Also the author of the children book series “ELLEN MELON” which has its line of side-products, Michael Stevens indicated that the cryptocurrency can be used to purchase any of these Ellen Melon products. He stated that all proceeds gotten from the book and products sale will be donated to the charity campaign.
Electroneum to the Rescue
Commenting on the reason for choosing a cryptocurrency for payment, Michael Stevens explained that he was impressed by the Electroneum community and after due feasibility studies on the world of cryptocurrencies, believed that the ETN community would help with his cause.
“[…]I became fascinated with the crypto world and the positive impact it could have on people’s lives, particularly in third world countries. I watched hundreds of hours of YouTube video, read countless white papers and investigated the teams attached to each project.” He said.
“In the end, I was especially impressed by the Electroneum community and I believe they will make a real contribution to this campaign and the work C.L.A.S.S is doing […]” he added.
The Electroneum project was created and is especially focused on mobility and mass movement. Integrated with an instant payment system, it was aimed at rejuvenating the purpose for the creation of cryptocurrencies. As such, the Electroneum system processes payment faster and free.
Electroneum Takes One Step Towards Mass Adoption
As established before, Electroneum is aimed at mass adoption and with Michael Stevens turning to Electroneum for a charity fundraising that would call for consensus,the coin appears to have moved a step closer to its goal.
Richard Ells, Founder of Electroneum, commented about the development after empathizing with the reason behind the fundraising campaign.
“[…]thrilled that our currency is being used as a means of raising funds, alongside traditional currencies and PayPal.”
Being a mobile cryptocurrency, having a legitimate stand with regulators via its KYC compliance and plans of a Virtual Currency Exchange in the works makes it a prime target for mass adoption. It is hoped by the Electroneum community that this precedes massive adoption and more bullish turns for the cryptocurrency.
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