Electroneum and Effortel: What does this entail?

Electroneum’s news release on Facebook was cryptic, to say the least.

But what is our favorite cryptocurrency team trying to tell us through the cryptic acronyms and fancy lingo?

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They’re trying to gain some credibility, of course. What Electroneum hasn’t shown it’s investors and other interested parties is some solid plans for the future, and how they are going to get there. The delay of the wallet release really set them back in terms of investor trust, but by releasing news of their partnership with Jargon PR and now with Effortel, they are showing that they are serious about expanding their business and getting those critical deals to help them grow.

And seriously, what were they saying in their post?

After doing some research, I was able to understand the gist of the partnership. Effortel is a company that helps develop network infrastructure for mobile applications, so think of them as a parallel to Amazon Web Services. This partnership reveals that Electroneum is serious about releasing their mobile miner without the network deficiencies that their initial wallet release had.

A preview of the mobile miner.

Looking forward, we can plan on seeing more strategic partnerships being formed, and more trust being restored in Electroneum’s investors.

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