Firstly I wanted to thank @Cosmicrypto for pointing out that at 13:10 in Crytpo Riches interview we get a brief mentions of ETN being in discussions with vending companies which would be incredible for the ETN eco system. One can imagine using the super quick seamless IPS ( Instant Payment System) to get their lunches, coffee, snacks etc from vending machines and it could spread incredibly fast since their easy to deploy and don’t require much space. So again thank you Cosmic for pointing out that bit I missed in the video!
On to the idea that it triggered for me when I heard that. I got thinking what if Electroneum created an ETN branded ATM that doesn’t just convert ETN though they could go that route of they so chose but one that could integrate the cryptos that follow international laws and go the kyc route so it’s only ones following the current laws of the land.
They could pay a small fee for each transaction to be incorporated into the ATM so Electroneum makes a little profit as well.
I think this could do really well long term and like the ETN vending machine idea, they don’t take much space and would help immensely with adoption and you could add the ability to perhaps even buy ETN via the atm, make it different from a traditional model in that regard. Perhaps add a credit card function to also instantly convert your local fiat to ETN.
Though I think we’ll eventually go to a paperless society but that’ll still take time and something like this could help dramatically speed up this transition & Electroneum could be the segway into this new paperless society. It’d also help with mass adoption immensely while breaking down some barriers to people acquiring ETN easily. For now, the ability to also get fiat till that transition is complete I think would be essential and people would be less apprehensive about using ETN much more often.
I’d love everyone’s feedback on this idea, so please feel free to share your comments below.