- Cardano has announced that it will enter Africa in a full-fledged manner. Meanwhile, Electroneum had already created a strong base there
- ADA and ETN both have seen a significant gain, but the gain in the price of ENT has surpassed ADA this year
Cardano was founded back in 2017 with the Electroneum. The founder of Cardano was Charles Hoskins, one of Ethereum Network’s cofounders. Meanwhile, the brain behind the Electroneum is Richard Ellis, one of the best marketer and a coder currently present in the market.
Electroneum had a slow-paced start while increasing its customer base and making its wallet more feasible. In Contrast, the Cardano started at a full pace with no real product to show in the market. Cardano is currently looking for a user base with a single product called Yoroi.
Electroneum and Cardano have a big market cap and a large trading volume in the intraday session. If you had invested a small sum on Jan 1 2021, on both the coins, then the Electroneum would have multiplied your wealth by 10X, and Cardano would have gained only by 5X.
The Battle Of Payment In Africa Between Cardano And ETN
Africa has a very high potential with more than 1.2 billion population as it is a continent with a very vast geographical region with 54 countries. Investments in Africa can determine whose stake will be bigger in the world’s Crypto payment. Cardano and Electroneum are fighting to gain the majority in this continent.
Cardano founder Charles Hoskins announced that they would be launching in Africa through the supply chain. The hidden message in that speech was “YOROI”, a fast lite crypto wallet. Cardano is trying to push these in the African Market with Supply chain logistics. Cardano connects with the local suppliers who can generate value to the supply chain and use the YOROI wallet for it. This is where ELECTRONEUM gives a tough fight to the ADA.
Electroneum wallet has more than 4.12 million users with 1760 app downloads per day. There are 1200 new unique users are added daily. Yoroi is still looking to bifurcate its market and gain a user base. Meanwhile, the ENT has spread its wings from the local shops in Ghana to the very Big Transactions on a daily basis. Both of those wallets are heavily secured, but Cardano uses a trusted node called EMURGO. The trusted node of Cardano can be harmful to the data of users. Whereas these wallets can be set up easily and use very less space in your device. YOROI wallet is unable to support the multi-wallet facility with the browser extension. In contrast, the Electroneum has everything which the other one misses with an additional feature for the lowest transaction fees of $0.003.
Is Electroneum The Zeus Of Micropayment In Africa?
The answer to that question is “Yes”.Electroneum has proven its worth with low transaction fees and less complicated features. While the other wallets and coins are fighting for a stake in the Kingdom of Africa, but only one can emerge as a king, which can be ENT. Cardano is also proving its mettle, but it has still a long way to go.