Why Turkey?
Turkey is a country that has recently crossed the economic line becoming a developed country. However, 31% of the circa 83 million people there remains unbanked. Over 10 million people live under the poverty line and close to 16 million are unemployed.
On the other hand, Turkey tops the list of countries in terms of cryptocurrency usage. About 20% of people in Turkey have owned or used cryptocurrency, compared to only 5% in the United States. Some 70% of people in Turkey have heard of crypto versus 57% in the US, while 45% expect to own cryptocurrency, compared to only 21% in the US.
Millions of Turkish people living in poverty can benefit from ETN as we are the only cryptocurrency that rewards its users with up to US$3 in ETN. And because circa 25 million people are unbanked, our Electroneum app is now their chance for financial inclusion.
Also, for access to the global digital economy as we are one of the only mobile phone-based cryptos in existence that is focused on creating real utility on the ground. This is to enable people to buy and sell in-store and online, using cryptocurrency without requiring a bank account.
Our upcoming eLearning and freelancer platform also provide a way for those living under the poverty line to learn new skills and sell them. This will give millions of people the opportunity to quickly and easily earn ETN with only a smartphone.