Electroneum: Instant Payment Processor Live!

Electroneum's instant payment processor now lets merchants verify crypto payments in seconds instead of hours or days, similar to credit card processing. The host bought tokens and argues the project deserves more media attention, though he notes security risks from DDoS attacks remain a concern.
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Hey you, welcome back to the channel. And guys, today I'm excited to talk about Electroneum now live testing its instant payment processing units. Now merchants will be able to use these systems. I believe they will be dealing with a few select groups in the beginning, but these things are up and ready to go. Now this is pretty big news, guys, if we look at the state of affairs with cryptocurrency. We know that sometimes when we transact or how we send our payments over the blockchain, that these have to be processed. It can take, depending on the blockchain and network, hours, even days, depending on what the situation is. But what's so grounding about the Electroneum instant payment processing system is that it can instantaneously instantaneously, let know— let the merchant know that the funds are available, segregate the funds, and then send them where you need instantly. Almost just like how traditional banking systems work, right? So now this is allowing for that technology to process just like how you would process a credit card or debit card transactions and various electronic payment processes like that. I mean, this is huge, guys. And I mean, this should be all over crypto news. But again, as it comes, and now it's beginning to come, it's no surprise to me that nobody is reporting this. Nobody finds this groundbreaking news. Our top crypto channels, they haven't, you know, come out with this and went live with something as great as this. Now, it's not just Electroneum that, um, that's going to be able to be instantly processed through this system. But it will be Bitcoins and some other coins that, uh, will be able, as I understand it, to be processed in this instant payment, uh, processor. And that's really big, guys, because if we think about really what cryptocurrency was all about, this was supposed to be a new, safer, more efficient payment system. Yet if you if you did go to a merchant and you want to purchase something, he would now have to wait for it to clear over the blockchain for hours. If you were in a store dealing with a merchant, he couldn't instantly verify that the funds were available. And so with this system, it's going to take all of that away where we can now function just like on the level of your average banking system, minus all their problems that go along with that, hidden fees, the various banking cartel system that has oppressed and plagued us since the beginning of time. So I'm very excited to report that to you guys. Of course, we are still in a very bearish market, and whereas news like this should probably have shot Electroneum to $1 per token now. We're still struggling with that, and people still aren't reporting on that. And I, and I always go back to who's reporting on Electroneum and why people aren't reporting on Electroneum and trying to understand it. Because what we have to understand, guys, is the more the Electroneum news is put in front of audiences— if we had these huge YouTubers talking about Electroneum as much as they talk about EOS and Monero and various other tokens, I believe that that would create a much more better market for Electroneum, bringing it to the attention of the masses. And why that's not happening is I just can't understand it. Now, I have heard things like there have been certain things discovered where certain blockchains are more susceptible to DDoS attacks because People who have a lot of money can pay for these attacks. They can easily spend millions of dollars to put your networks under siege. And, but unfortunately, this has become quite true of many other blockchains. So almost nobody is immune to this at this point, even though it will cost a lot of money if it's, if it's enough money in it and people want to keep your coin down. To maybe preserve their billions of dollars in another token someplace else, this would be quite easy for them to do. And I believe there's a website that does show exactly how much it costs to keep these attacks up to where blockchains are under siege and can't function properly. As well as that, guys, being some great news, we know that Richard Ayles did come out with a video where he does talk about understanding the fork, why Electroneum broke from Monero. You know, as a lot of people had problems with the fork, specifically or especially like the ASIC miners. But Richard goes on, Mr. Ailes talks about how, you know, what the fork was all about and how by them going this way, you gotta— and I think one of the key parts of the video, Mr. Ailes was saying was that with Monero, you're dealing with a lot of privacy functions. And later on, when you want to do business, be regulated with certain countries, Japan and various other countries, that certain features and functions that were associated with Monero or that particular type of blockchain wasn't going to allow them to to be compliant in certain ways. So this, it is a necessary, you know, from what I can see, this is a well-thought-out plan. And here's the problem I have, or here's what I think has been a significant problem of many coins and many blockchains, and that has been, um, at first glance, uh, if you look at it at the surface level, they've come out, come up with some good ideas on, you know, various systems. Unfortunately, they haven't projected out far enough in the future to see how it begins, where's the middle, and where's the end. And that's— I've seen that as a common problem with many tokens, whereas what I'm seeing with Electroneum is Electroneum has a clear plan that they're operating on, and And, and, and they have all their ducks lined up in a row. And, uh, even with the break from the Monero blockchain, you can see that this was all part of a much larger plan, right? There was a purpose to this, to get Electroneum to a certain point. Electroneum is not only, um, headed for mass adoption, but it's just— it's solving almost every problem in cryptocurrency, uh, Let's, let's take a look at that. It's solving the problem of mass adoption with the Electronium miner, right? It's solving now the problem of not being able to process cryptocurrency payments on time. It's doing all of these things, and that's great. This is what I call a well-thought-out plan, well-planned token, and yet it doesn't get the credit it deserves. It doesn't get the announcements it deserves. No, where are all the huge YouTubers going? Look at this groundbreaking technology that's gonna allow to transfer or process instant payments, uh, at the same time, uh, helping to improve or, uh, mass adoption or create a way for mass adoption. Everybody to hold Electroneum tokens where it's useful so you can mine them. Everybody has them. It all has value to everybody because now everybody has some Electroneum, just like everybody has, or a good portion of the population has the US dollar or trades in the US dollar or somehow affected by the US dollar, right? So this is what we got to look at, guys. And I tell you what I did, and again, this is not financial advice. You have to do your own due diligence. I went out and I bought as much Electroneum as I could today. And so, yeah, I'm holding in a lot better position than I was. But, uh, and I'm not telling you guys to do that, but if you really are looking at the future of cryptocurrency and you're looking at what plans are being implemented by these tokens, ask yourself the question: what are they doing to get more people in? I, I keep hearing about all this great technology and all these ways to improve the blockchain, but what are they doing to get people to even know about and use the blockchain, right? To feel confident about the blockchain, to be— to have some vested value in the blockchain. Because if I don't have your token and I'm late getting in your token, uh, it's probably of no value to me. Whereas what Electroneum Miner does is it allows everybody to get a few, to get some interest, some investment in it, and I think that works great. And so that's what we have with that, guys. Tell me what you think about these, uh, um, announcements today. I believe this one just came out maybe today or several hours ago or something like that, uh, notwithstanding the time I've made this video. But, uh, anyway, guys, that's all I want to talk about today, uh, the importance of Electroneum. Are you still a believer in Electroneum? Do you see the future of Electroneum? Uh, if so, are you gonna buy more? You're gonna hold what you got? Guys, you like content like this, don't forget to like and subscribe. And until next time, take care.
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