Absolutely. So many people have mentioned it over the last year and I can’t really think of a better, quicker more efficient solution than an in-app purchase.
Revolut’s app allows you to top-up any of their 28 international accounts from a choice of credit cards, and then use it to purchase crypto. If they can do it, Electroneum can too. I would happily give them my credit card details.
I remember Richard saying in a video interview ( I can’t remember who with, Mick or Crypto Rich maybe) that this is something they might look into down the road but that it wasn’t one of their priorities.
I wonder whether they decided not to only because of how resource intensive it could be. Having said that, they have hired more staff in the last few months.
I’ve also wondered whether an in-app purchase could be problematic for a few reasons. Might they become a victim of their own success? Let’s assume we get 20 million users this year and the majority of them can buy ETN through the app instantly. I have no doubt this would moonshot the price like nothing we’ve ever seen before, which would be incredible for all us early investors, but once the value of a single coin gets into the tens of dollars, wouldn’t it start to become a problem for micro payments in developing countries because of the limitations of the 2 decimals, increasing the value of the smallest denomination?? I could be entirely wrong and going off on a tangent.
The other problem (and I’m probably wide of the mark here, and completely mistaken again) but is there a chance apple would want to try and take their 30% cut for the in-app purchase? For a similar reason I’ve heard that Netflix want to pull their app from the App Store. Perhaps apple take 30% for each of the monthly subscription. I think Richard also mentioned that that’s why getting games on the App Store to accept electroneum could be problematic due to stepping on Apple’s toes and cutting them out. Don’t quote me on this though.
Hopefully, they’ve figured it all out and it’ll be one of the announcements at MWC, wouldn’t that be nuts!!??