The partnership delivers an end-to-end mobile-based cryptocurrency solution with Know Your Customer (KYC) and Anti Money Laundering (AML) procedures in place to embrace regulatory requirements.

Electroneum Ltd, a U.K based cryptocurrency made for mobile, has signed a strategic partnership agreement with One Development Co., Ltd. a mobile virtual network aggregator (MVNA) and enabler (MVNE), based in Thailand – to introduce and make it easy for its MVNO clients and end-users to trade and earn digital currency.

Electroneum (ETN) is an established, mobile-based cryptocurrency with an instant payment system that mobile virtual network operators (MVNOs) and vendors can implement for their end-users and distribution channels.

Allan Rasmussen, CEO of One Development said: “We are always on the hunt for solutions and services that can help our MVNO partners, scale from great to awesome. With Electroneum, we firmly believe we found a partner that ticks the right boxes when it comes to benefiting all stakeholders in our ecosystem.”

“Whilst cryptocurrency is still in its infancy, Electroneum is a popular choice with millions of active users and one of the highest rankings on social and web. With ETN’s introduction of Know Your Customer (KYC) and Anti Money Laundering (AML), the regulatory compliance box has also been ticked, providing a trusted environment, and we now look forward to work with Electroneum on the promotion of mobile-based cryptocurrency.”

Electroneum wallets are managed on a smartphone via an app, and the coins are generated by the unique mobile miner running as a background activity. Everyone can buy or sell using very fast micro-transactions enabling currency to be transferred between apps, games, vendors, operators and users in a transparent, trusted and efficient way, instantly buying goods and services or topping up airtime at fraction of normal cost.

Richard Ells, Founder & CEO of Electroneum, said: “We are delighted to be working in partnership with One Development and are most encouraged with Thailand’s world-leading, open embrace for cryptocurrency and their in depth understanding of the balance of bringing the benefits of blockchain to their citizens whilst also protecting them from many risks.”

“This developing partnership is an important example of how the ETN model drives self-funding, financial inclusion and inclusivity; a powerful connection between the unbanked and industrialized worlds that enables populations to work out of poverty. The depth of experience and local market insight that One Development have, gives us great confidence in the potential this provides.”

ETN rewards users for their engagement and advocacy, which acts as a catalyst to build a strong community both on mobile and on the ground. ETN’s partnerships with mobile operators, MVNOs and vendors enables multiple opportunities to earn more of the currency and spend it, creating a sustainable ecosystem in territories across the globe and injecting liquidity into local markets.

Based in the UK, Electroneum is the world’s first mobile-based cryptocurrency with a patent pending instant payment system and a collaborative ecosystem that connects mobile operators, MVNOs, vendors and users to enable quick and easy use of cryptocurrency on an everyday level. With more than 2.7 million registered users, Electroneum is growing across the globe in partnership with some of the world’s leading go to market providers.