Electroneum: The Instant Payment Crypto

Hey you, welcome back to the channel. And guys, today I want to talk about Electroneum instant payment system. Uh, we know that Electroneum had sought a patent and got a patent for an instant payment system. There was a video released that showed it is working, um, and they will be issuing the modules, uh, I believe to merchants starting July 1st. Very exciting news, guys. Now, as we did know that there was this device coming out where Electroneum could be accepted payment through the system, which would approve that the Electroneum were there, and it would all be instant occurring What I was unaware of is that this system is also going to be used with Bitcoins and other altcoins may be able to be implemented in the system later as well. So this is gigantic news for cryptocurrency overall. Finally, a way that instant payments can be issued The biggest— one of the biggest deterrents, one of the biggest obstacles to cryptocurrency was the processing of the payments and the times that the blockchains took to go through the confirmations and various things like that. But now with the instant payment system that Electroneum has available, Those days are over. This should be news all over the cryptocurrency world, and yet I only see a few of us reporting on this. And I don't understand why news this big and this huge would not be reported by other cryptocurrency media and not reported, you know, by many of our favorite people who talk about cryptocurrency, and I'm wondering, are they doing a good job in news coverage as they should to miss something this big and this important? Boggles the mind, brings many questions to the mind. But anyway, guys, yet this is what we got. Now, also very interesting is that now they're going to be a variety of ways to use this and have payments sent instantly, instantly, not just to the, uh, the modules like what you perhaps will see in larger stores, uh, um, but you can also take your cell phone. This can be smartphone to smartphone instant transfers where you can just scan the phones and, and the money can transfer instant from one account to the other, or even just a basic laptop setup. So this module doesn't need to be implemented just in big businesses. This can be on a small business level or even on just an individual basis, and there will still be access to these instant transfers, right? So guys, this is awesome. You know, I don't know how anybody in the cryptocurrency space can't see this and look at this and go, hey, you know, We need to be reporting on this, taking a look at this. Everybody needs to be investing in Electroneum. And here's the crazy thing, guys. Electroneum today, I think it's at 1.5 cents, right? So it's down about 25% from 2 cents. Now here's the thing. Now Many of us, and again, you know, this channel isn't giving you financial advice, right? You know, you have to do your own due diligence and you have to decide if, you know, investing in crypto is the proper decision for you. So I'm not telling you to go out and buy Electrum. What I am saying is this: if you are an investor in the cryptocurrency space, and you, and you don't understand what's going on here with Electroneum, you're definitely uninformed. And, you know, Electroneum answers many of the problems that we've had in cryptocurrency from the beginning, which has been not enough people using it, too hard to use, too hard to understand, not fast enough. Right, uh, you know, how can— I mean, to me it just goes beyond common sense, it goes beyond logic to somehow, uh, be a cryptocurrency investor, be in the cryptocurrency space, and somehow skip over Electroneum. Again, like I said, unless you're just really unaware of what's going on in cryptocurrency, into which case I would say this, that one really needs, before they make an investment in anything, to know what you're investing in, to have at least a very basic general idea of what you're investing in. And in the cryptocurrency space, understand what the problem in cryptocurrency is and, and what solutions it seems to provide and how it's to meet those challenges. And if you're— if the cryptocurrency you're invested in, ask yourself, for what purpose am I invested in this and what does it aim to do? But at the same time, if it's saying many great things it's gonna do, yet it has no plan to get the people in the cryptocurrency space, right? It has no plan to make use of its system very easy to the end user, and it has no way of processing transactions without a great inconvenience to move the money from place to place. Then what is going on? You know, what, what, what are you hoping cryptocurrency is going to do exactly and how it's going to do it? So just some things to think about. Obviously, I'm excited about this and a little bit irritated about people not reporting on Electroneum. Many of my favorite big YouTubers not reporting on it, not breaking this as the biggest news in cryptocurrency right now, being able to get money instantly, without— if I— if we want mass adoption and we want this used and we want this market to grow, instead of cryptocurrency just being this speculative device, which has been from the beginning, you need a viable plan to deliver it to the merchants and for the merchants and the end users to be able to move and transact business back and forth efficiently, uh, simple, and, uh, problem-free. And, uh, you're gonna need something like this. So guys, this is what you're getting in Electroneum. Now it's 25% down. Again, I'm not telling you to buy it, but it's 25% down. Everybody who's in Electroneum right now, uh, I'm willing to go on a limb and say that even though it's below 2 cents, that like 99% of us believe it will see 2 cents again. So if it's down 25%, we know it will see 2 cents again. That's a quick and easy way to get in, get a 25% gain on your investment. That's my logic. That's how my brain works. Again, you know, I don't, you know, I don't know why people are in the cryptocurrencies or what they're looking at. But again, uh, I am biased to Electroneum, and, uh, so I don't I don't want to accuse other YouTubers and other people covering the cryptocurrency space of something I'm guilty of, and that is of being biased. I believe they're biased as well. I believe they're heavily invested in other cryptocurrencies, and they're not really interested in bringing us news about Electroneum. I think they're interested in kind of propping up where their investments lie. That's human nature, I understand that, but Let's try to do some good media coverage, guys. This is big news. This is big news all across the crypto space. This just isn't about Electroneum. It uses Bitcoin as well, and it will use other altcoins, right? And Electroneum has the patent on this. We've never seen this done before in cryptocurrency. Let's talk about this. Let's get people informed about this. With fair coverage, fair reporting. Because if you're watching a YouTuber, if you're watching somebody presenting you information about, uh, currency A or cryptocurrency B, uh, we deserve fair coverage, you know. We, uh, and we, we, uh, deserve to be notified, you know, of these things, uh, you know. So I kind of look at it as just bad reporting, you know, bad coverage, you know, a bad way of relaying information going on in cryptocurrency. But maybe that's just me, guys. Uh, guys, tell me if you're excited about this, uh, as I am. Richard, uh, Els did speak at the Bitcoin Cryptocurrency Investment Summit, as you can see here in this photograph. And obviously that's very exciting. I hope he talks about the instant payment system. Um, and I hope that people do understand what's going on with electronic. Guys, you like content like this, don't forget to like, subscribe, and until next time, take care.