An introduction to Richard Ells

Richard sat down with Graham Jarvis to discuss his background, the companies he’s started and how Electroneum began.

Electroneum Announces Partnership With QUOINE

Electroneum will be listed on the QRYPTOS exchange and will be working with QUOINE to be accepted onto QUOINEX, the fully regulated Japanese exchange.

We are pleased to announce that we have agreed a strategic partnership with Japanese crypto platform QUOINE. QUOINE was the first exchange platform to achieve full regulatory approval from the Japanese Financial Services Agency (JSFA) and is known as one of the most secure and reputable crypto-focused fintech companies in the world. It is one of very few global exchanges to have been accepted by Deloitte and Touche as an auditing client and has a highly experienced management team with expertise earned at Bank of America, Goldman Sachs and Credit Suisse.

Electroneum will initially be listed on QRYPTOS and will work closely with QUOINE to gain regulatory acceptance of Electroneum by the JSFA.

This news is bound to create huge excitement among the vast Electroneum community. Gaining regulatory acceptance from JSFA will enable Electroneum to fast track acceptance as a payment solution, which would be another stride forwards towards mass adoption.

The listing further cements Electroneum’s strategic position as a currency that is focused on long-term sustainable growth rather than instant returns. Richard Ells. CEO of Electroneum, said:

“This is a great step for Electroneum. Not only will it allow our users to deposit USD or EUROs to trade ETN, but QUOINE sponsoring us through the regulatory process with the Japanese Financial Services Authority will open up exciting new corporate opportunities.”

With recently becoming the first cryptocurrency to be accepted as a member of the GSMA, and now this partnership with QUOINE, we are well on our way to becoming a formidable player on the world stage.

How is ETN different? part 2

The Second in a series of talking heads with Richard Ells,CEO of Electroneum. Richard sat down with Graham Jarvis to discuss Electroneum, blockchain and the future of cryptocurrency. In this second part he outlines the difference in Electroneum’s strategy and what we hope to achieve.

Electroneum To Exhibit At The GSMA Mobile World Congress 2018

We have been invited to exhibit at the highly prestigious event in Barcelona from 26th February to 1st March 2018. Our CEO Richard Ells has also been invited to speak at the conference, which will be attended by some of the world’s biggest names in mobile technology.

The invitation comes as a result of Electroneum’s now confirmed membership of GSMA. It is the first and only cryptocurrency to achieve membership and is now positioned to accelerate its integration into the world of mobile payments.

Electroneum has been making waves beyond the crypto niche, signing MOUs with several global telecommunications and payments companies. By exhibiting at the Mobile World Congress Electroneum is taking a step further than any cryptocurrency has gone before on the road to mass user adoption.

GSMA, which represents the interests of mobile operators across the world and counts nearly 800 operators among its members, runs the Mobile World Congress events. These events showcase the latest in mobile and payments technologies, especially those with the potential to create a better future.

Electroneum (ETN) is the perfect first cryptocurrency to become a member of GSMA and exhibit at its famous conference – our technology and strategy entirely revolve around mobile. The Electroneum mobile mining app will allow any user with a smartphone, anywhere in the world, to get involved and begin earning cryptocurrency at the touch of a button. Our team is working on giving these users a way to spend their earnings by partnering with mobile providers, several of whom have already agreed to formally begin the process of accepting ETN as payment for mobile data.

It’s by this method that Electroneum hopes to achieve mass, world-wide adoption and thereby revolutionise the crypto economy.

Electroneum will have a stand throughout the conference, and our CEO Richard Ells will be speaking and taking part in a panel discussion on 27th February about ‘Mobile Identity’. More details will be announced soon.

How is ETN different? part 1

The first in a series of talking heads with Richard Ells,CEO of Electroneum. Richard sat down with Graham Jarvis to discuss Electroneum, blockchain and the future of cryptocurrency. In this first part he outlines the concept behind the mobile miner and what impact it could have.

ETN Official Mining Pools

Hi Everyone,

I have an important update to share regarding the mining pools being run by Electroneum.

You may recall that, at launch, we released 3 mining pools (EU, US and Asia) to allow users to run mining pool software from their PCs’ while the community developed their own.

These proved very popular but now dozens of mining pools, run by the community, are available. Our pools were always a temporary solution to give the community a chance to implement our open source mining pool software. As such, for two main reasons we have chosen to wind down the availability and access to the EU, UK and Asian Electroneum mining pools:

1. SUPPORT TICKETS
Given the fact that we are still in our infancy and taking on tens of thousands of new users every week, our support system already bears a heavy load. The added support requests coming in from the mining pool are compromising the ability of our support team to efficiently resolve the tickets that relate to our core business.

2. DEVELOPMENT OVERHEAD 
Our dev team have been spending valuable time each day on maintaining and modifying our mining pools in order to keep them running. We feel that the time being devoted to this must come to an end, as we believe these hours would be better spent on developing the features we need for our upcoming commercial partnerships and exchange integrations.

The purpose of this letter, therefore, is to give 24 hours’ notice that we will no longer be running or supporting these mining pools, and that they will be retired forthwith. Fear not, a quick search on Google should deliver options for alternative pools that you can use.  You can also take a quick look at  https://github.com/electroneum/electroneum-pool#pools-using-this-software

Whilst we can no longer be involved, we know that there is a huge community out there that can help you continue.

To support your transition, here’s a link to the latest version of the Windows Mining Software which will allow you to enter any alternative pool: https://downloads.electroneum.com/

Please note that the Asia pool is now offline, with no plans to change.

Importantly, all pending coin transactions will be downloaded from each server and paid out manually. This has already been successfully exported from the Asia pool and we plan to pay out all coins, even below the payout threshold.

I hope you understand and support this decision, which will only strengthen and support our core business growth.

Have a great day,
Richard Ells

PS – Please note that this will not affect any functionality or features of Electroneum and has nothing to do with mobile mining – that beta program is on track and will be live to the first beta testers next week.

Electroneum Signs Agreement With Telecommunications & Payments Giant XIUS

Press Release

MOU Announcement

January 2018

 

 ELECTRONEUM SIGNS AGREEMENT WITH

TELECOMMUNICATIONS & PAYMENTS GIANT XIUS

 

The mobile-friendly cryptocurrency has formed a groundbreaking relationship with the mobile and payments technology provider, which has an active subscriber base of over 65 million people.

 

XIUS is the telecoms operating brand of Megasoft. A market leader in the mobile and payments space, XIUS has over 230 deployments for customers spanning 6 continents, with an average of more than USD 1 billion worth of payment transactions processed every month. Its corporate headquarters is in Massachusetts, USA and its global delivery centre is in Hyderabad, India.

 

Xius has a 25-year history of innovation, having filed more than 120 patent applications in total. In partnering with Electroneum XIUS has shown extraordinary clarity of vision and belief in cryptocurrency as a truly viable payments solution.

 

The XIUS ‘Payment Manager’ software services 1.2 million agents, dealers and distribution points spread across 9 LATAM countries. Its reach and specialist payment processing capabilities will be invaluable as Electroneum works with XIUS towards integration of Electroneum as a payment method across Latin America. This partnership will also facilitate the promotion of as Electroneum’s mobile mining app as a way to offset phone costs.

 

This is a huge leap forward for Electroneum as it works towards becoming the first cryptocurrency to enter mass usage. Since raising $40m in its ICO, with close to 500,000 registered users, Electroneum has worked hard to become a viable proposition for telecommunications companies to build integration with. This agreement, the first of several currently under way, firmly establishes Electroneum as one of the most exciting cryptocurrencies in the world.

 

Its investors have already seen up to 800% returns and news like this will only heighten global interest in the currency.

 

Happy Holidays everyone! 

I hope, like us, you’re looking forward to the New Year!

 

As we fast approach the end of 2017, I have a few things to reflect on and share… so I apologise for the slightly lengthy message, but I hope you’ll welcome the info.

 

First off, I want to say a big thank you for the patience and understanding that has been shown across our ETN community. You’ve handled the teething problems during launch and the delayed release of the wallets with impressive rationale, supporting us with patience and shared commitment to quality and security as we’ve tackled each hurdle head-on. We are incredibly grateful and very encouraged.

 

TECH UPDATE

 

Locked Accounts

We understand the concerns some of you are experiencing regarding the anomaly that is causing some accounts to lock. We’re working hard to resolve this over the holidays, and we’re unlocking as fast as we possibly can. Thanks to everyone who’s taken the time to get their ID to us – rest assured we’re on it, we’ve unlocked hundreds of accounts.

 

Transaction Issues

Some of the outstanding transactional issues should be fixed following an update from yesterday and one from this morning, and we’ll be writing some new software to fully analyse the issues. We’ll let you know our findings as soon as we know ourselves.

 

For now, one particular issue that may be lingering is some incorrect transaction statuses.

In short, any transaction that has not changed your balance for more than 24 hours is, essentially, considered “stuck”. Our recommendation is to check your balance – if it has remained the same, then you should try the transaction again. Please remember to check first, take a look at your balance, or the wallet you sent it to (if you have access to it – i.e. an exchange), before attempting to process the transaction again.  This problem has affected a number of users but it’s only about one-third of a percent of overall transactions that have been problematic. We are using the data the improve the system, and apologise for the inconvenience. No coins have been lost. If a transaction fails your coins will still be in your wallet, even if it says “pending”.

 

Whilst we have had some hiccups and issues, I hope you agree that we have made history within a very short space of time with what we have achieved, from the ICO through to successfully processing over 300,000 transactions. We designed the system with large scaling in mind, thinking that we’d be building up to a million or more users in a year – but now we have seen the market interest we realise just how mind-boggling the scale that is required IS! We have routes to market that expose us to over 100m users!!! We have the results of some brand new feasibility studies that have taken place over Christmas and are ready to start coding some even larger scaled systems in the New Year and will be recruiting specialists where required. Now we truly stand to establish a worldwide, recognised brand.

 

Remember, we haven’t been around for very long – it’s only a matter of weeks, with the ICO closing early November and the wallets only released mid-December!

 

The decision to delay the release of wallets weighed heavily on us all; it was an incredibly difficult move, but ultimately security was our top concern and our team worked tirelessly with HackerOne to ensure we could move forward with a system that is as secure as we could possibly be. Sometimes we have to make tough decisions, but we will always make the best decision for the brand and the business.

 

On that note, our team here at ETN HQ have given their full focus on developing and launching our product, and they have dealt with all the challenges that have been thrown at us with a firm hand and confident direction – all the while making our product more resilient and more valuable with every challenge that we overcome.

 

In terms of mobile access to the blockchain, we’re operating on a transactional scale that has never been achieved in this way before; we’re combining a de-centralised blockchain with a centralised mobile app, which is breaking new ground, taking cryptocurrency in a direction that no one thought possible.

 

If it was easy everyone would do it. They’re not. We are?

 

A few stats…

 

You might like to hear some stats on what we’ve actually achieved in the period up to Christmas:

  • over 300,000 completed Blockchain transactions involving over 2 billion ETN on our system.
  • Over $290m USD of ETN has been traded on Cryptopia and the ETN price has remained around $0.08 USD
  • Over 350,000 SMS messages have been delivered
  •     Over 50,000 new Elecrtoneum accounts have been opened since we launched the wallets.

 

I’m really proud of all these figures and look forward to seeing them grow significantly.

 

Of course, we will likely encounter more challenges as we progress, but the good news is that we will be constantly updating our code in the New Year to help anticipate, combat, and improve the experience further. I feel confident that you’ll continue to be patient, knowing that the reason Electroneum has been so popular is because we are doing something different. It would be great to think we already have all the answers – but we don’t – we’re evolving, and we’re doing it with you helping us make it all happen.

 

TEAM NEWS

 

Resources have been another issue that you’ve raised with us and so, looking forward, we recognise the need to expand the team, and, our recruitment drive is in full flow, as we look to appoint the right people to help us grow asap. As you know, space has been a challenge for us too, so we have secured new offices to cope with the growing team. We’ll let you know who’s made the grade asap, and we look forward to being able to develop the product faster, and getting the support queue down!

 

Finally, I want to welcome our newly appointed non-executive director, Chris Gorman OBE. I’ve asked Chris to explain more about why we’ve joined forces below, but I see him bringing tremendous experience from the mobile world, entrepreneurial vision and flexibility, and tech insights from his extensive, first-hand mobile app knowledge. Chris was awarded an OBE for services to business in 2005. He’s been there, got the t-shirt and is still driven to feed his thirst for knowledge, all of which he’s happy to share with us and with you. Chris is helping us with many things that will help our next stage, commercialisation and international growth.

 

In closing, I want to reiterate my absolute gratitude for your support, patience, and belief in this great opportunity. I feel very hopeful that 2018 will bring great success for us all and look forward to sharing many good news updates over the coming weeks and months.

 

My very best to you and yours here’s to a great 2018!!

 

Richard

 

 

Richard Ells

Founder of Electroneum.

 

 

Now over to Chris…

 

Hi everyone, thanks to Richard for the kind intro, I’m really happy to be in touch with you all and looking forward to great things being achieved together.

 

As for me, as well as 30 years in mobile, I’ve worked across a variety of industries with many complex structures and deep experience across tech, retail, e-commerce and mobile app development. I’ve been through very many highs and lows over the years, having navigated many a rocky road with new, innovative and disruptive business models – so Electroneum is right up my street!!

 

I became interested in Electroneum because of the specific mobile focus. I could see that this was a real alternative to the existing complicated and elitist structures of the cryptocurrency markets. Offering a mobile digital currency solution, delivered like no other, launched into a very tough, competitive market, ticked a lot of boxes for me and I could see so much potential for the business – and the product – and recognised that my experience could segue perfectly into their next stage commercial development.

 

The fact that ETN truly delivers for anyone, anywhere, who wants instant access to their own digital wallets, with an easy route to transact and to earn using just a mobile phone, is music to my ears!!

 

Even more, echoing my long-held and firmly favoured strategy, when I learned that Richard had created a business model that encapsulates a win-win ecosystem to deliver for all stakeholders – I was buzzed!!

 

Like many others, I feel very encouraged by the fact that the intense work invested by Richard and the ETN team has led to the creation of some truly innovative solutions for meaningful change and improvement, where users will benefit greatly and investors – who have supported and believed in the concept – will have the added benefit of maximised growth and profit.

 

In line with ETN’s strategy, the fastest route to market is mobile; which, as you may have gathered, is where I come in. I am here to help the team wherever I can, and I’m here to help you too as we all move forward.

 

Having worked very closely for a long time with mobile operators, I’m very well aware of how much they recognise and want to harness the massive potential that digital currency presents for them and their customers, but they have struggled to find a workable solution to deliver an easy way to transact for the mass market – the economic and user barriers have been way too high.

 

Electroneum has changed all that, and I can help operators understand exactly how this cryptocurrency app really fits the mobile market, and how our unique commercial model removes the barriers and risks that they would usually face.

 

We have signed several commercial MoUs already, and we have some tremendous deals in the pipeline. We have also enlisted some influential PR support to help drive demand and customer acquisition; so I am confident that we have found a formidable solution that makes digital money very real for everyone.

 

Watch this space… the first of many partnerships with mobile operators go live within a few weeks, and we have very positive signs that there will be many more to come.

 

Now over to you…

 

Your support has clearly been incredible and I want to make sure we can maximise your experience with ETN.

 

First off, I’ll be helping with our comms strategy. Knowledge is power and with accurate info under your wing, you will be able to help us build our business together even more. You’re already helping in many ways with your support for our development, voting for exchanges and so on. I am keen to listen to your opinions and hope that we can empower you further and help to shape the business as we work towards common goals. Together we’re stronger.

 

To help boost your points of reference, we’ll be stepping up our comms, aiming for a twice-weekly update.

 

I recognise how much talent and expertise we have in the community, and I hope we can find a way for you to help develop things like our company Wiki, social reach, more targeted support for exchange applications and other aspects of development that we’ll share going forward.

 

In recognition of the value you can add, we’re planning to use the coin we’d allocated for January’s mobile mining, to fund rewards for the help you give, and also to initiate a new referral rewards scheme that you, and everyone you refer, can benefit from until mobile mining launches. More details will follow very soon on this, but the underlying ethic is that none of us gain if we don’t make this work. Working together is the ultimate objective of this business, and reward is always given the highest regard.

 

Let’s work together on spreading the word further, keeping the messaging positive and staying strong in our belief of what we can achieve.  Let’s give Richard and the team a little space to get the last few pieces of our prize formula firmly into place… we know already that a little space always delivers a meaningful step up in our game!!

 

Onwards and upwards, we’ll be in touch again very soon.

 

Thanks for everything you’ve done for us, and with us, so far.

 

I echo Richards best wishes for the New Year and look forward to sharing many great achievements with you.

 

Best

Chris

 

Dr Chris Gorman OBE

Director

 

Christmas Update

Just a quick update for you all!

We’re still going through fixing a few of the issues that some of you may have experienced after the launch.
Our support ticket system is extremely busy but we’re doing our best to answer your questions as soon as possible, your patience during this time is much appreciated!

-A few of you have reported that your transactions have been pending for a long time. In regards to pending transactions, if the balance does not appear to have reduced, the transaction can be attempted again.

-For anyone with a locked account, we’re in the process of verifying the details you’ve provided and unlocking these accounts. If you’ve already provided the details, you’ll be hearing from us via email very shortly.

(Note – for an ID upload, this must feature, the ID & your face, not just the ID . If you only provide a photo of your ID, this will be rejected)

Thanks everyone – and remember…

It’s only 3 days till Christmas!🎄 🦌🎅

BMedia MOU

Morning everyone!

Crypto Rich has just uploaded a new interview with Richard Ells to address some of the concerns regarding the relaunch. Hopefully it will answer many of your questions. It also includes some exciting news regarding our latest MOU.

https://www.youtube.com/watch?v=wdYeTbNvOBU

So what is the future of Electroneum looking like for 2018 and beyond?

Our latest MOU has just been signed with BMedia, a Japanese agency who works with big players such as FOX, MTV and Lacoste. They manage eCommerce sites, online communities and Japanese talent.
As of today they have:
– 500k social media followers
– an average reach of 10 million users monthly
– Influencer network of 20 million users we can reach depending on marketing/incentive
– They are starting new projects, contests and joining events by 2018 which can possibly increase these number x5.

They are an experienced international team who will help Electroneum thrive in the Asian and global market. You can find out more about who they are on their website here:

https://bmedia.jp/

We’ll be announcing more partnerships/MOU’s over the coming weeks.

2018 is going to be HUGE for ETN! 🚀🚀🚀

Have a great day!