As I said there:
The biggest problem I see for ETN is how do the people with only cash and no bank account get their hands on means to exhange their cash into ETN.
One good way of doing this was suggested by @Blues_brother :
From what I saw there will be some people who either through direct trading on exchanges or using relatives in developed countries can take ETN off the exchange system and into wallets. The ETN in these wallets can then be used to disseminate ETN sales in cash to those without access otherwise. This obviously carries the risk of rogue exchanges rates and commissions but even some fiat currencies have this problem. - -
On the other hand, my ideal scenario in a developing country would be: One in the family will collect the cash from everyone that trusts that person in that neighborhood. She/He goes to the mobile vendor and makes the exchange. Then she/he comes back and gives everyone what they paid for. This way I think it would be natural there. If there are many 3rd parties involved, I believe it can get shady really fast.
Also another method was mentioned by @Squidward_Nakamoto : that there could be “- -prepaid ETN cards that people can buy and top off their ETN account.”
I think this is one valid way of dealing with this. But there might be some counterfeit issues. I think just buying it at the mobile vendor and the balance instantly appearing in the customers balance would be the best way to go.
Also there is the gig economy coming up. If I am correct, this would be the main method of getting ETN for people in developing countries in the current plans of ETN team.
I think this is great and will get the people in western countries to buy ETN and let the coins flow that way. But I also sadly believe that not everyone in the developing countries will have the digital skills to offer anything in the gig economy. For those people it would be critical to be able to change their cash into ETN where they normally top up their minutes and data.
Then there is the entrepreneurship that Richard Ells has talked in many videos. If people can not get ETN through official means, they will make something up. To me this seems that some people there that do have bank accounts would get ETN from exchanges and start selling it for those that do not have bank accounts. Sounds pretty simple? This is similar to what @Blues_brother descriped above. The way I see this, is that it will happen anyway regardless of other means, and will work fine in most cases but sometimes will also involve illegality and scamming.
How would the mobile operator benefit from providing ETN to their customers?
Of course they would have to take a premium on the exchange rate to make sure they do not make a loss from that. So if they wanted to exchange ETN into fiat at some point, this would be the most logical way for them to do that. And the operators do also have natural means of getting ETN, from their customers and the deals they make with ETN team (for example get 1 dollar worth ETN per customer every month). And if the demand is huge, they can just buy from the exchanges and sell that at a premium.
I truly hope this is just something that the Electroneum team has kept silent about and have the plans done already. But if not, I hope that this post can open up some eyes and have something done about this matter rather sooner than later.
PS. About to call this spreading FUD? Regardless this post, I still stand by my price prediction for the next year, go check it out on “Electroneum economics” it is the 3rd comment.