Logo of Phnom Penh Post newspaper Phnom Penh Post - Crypto smartphone sales exceed targets

Crypto smartphone sales exceed targets

Crypto smartphone sales exceed targets

UK-based Electroneum (ETN), a cryptocurrency, said its partnership with Cellcard to sell smartphones in the Kingdom has proven very successful.

In late January, Cellcard and Electroneum announced a partnership to sell one million smartphones to Cambodians at affordable prices.

The partnership allowed users of ETN tokens to top up their mobile phone through the ETN App, using ETN Rewards. With Cellcard, users can also top up their mobile phone airtime and data with ETN crypto.

According to an ETN announcement last week, this is the first time a blockchain start-up is working directly with a mobile network operator.

As a result of their agreement, the Electroneum crypto smartphones that Cellcard ordered flew off the shelves in just under two hours, it said.

“Cellcard ordered 250 smartphones from us based on the number of our mobile devices they estimated would be sold in one month. They based their forecast on the sale statistics of other brands.

“Cellcard executives were pleasantly surprised to see the smartphones fly off the shelves within two hours and have immediately placed a new order to increase their stock of our crypto phone,” he said.

According to Electroneum CEO and founder Richard Ells, mobile top-ups have been going very well for his companies in seven countries – Cambodia, Nigeria, Tanzania, Brazil, Turkey, South Africa, and Uganda.

“We have registered nearly 60,000 top-ups in those countries so far, which are such great numbers that we are now ready to go live with this service in 140 countries in the coming days,” he said.

Cellcard launched a promotional sale of the M1 Electroneum smartphone with the built-in ETN App that gives up to $3 a month in ETN that can be used for mobile top-ups and to purchase everyday items in several countries around the world.

MOST VIEWED

  • Locations shut, dozens more Covid-19 positive

    The Ministry of Health has closed 23 locations in connection with the February 20 community transmission of Covid-19 and summoned for testing anyone who had direct contact with affected people and places. The number of discovered related infections has risen to 76, including 39 women. In a press release,

  • Kingdom's Covid cluster cases jump to 194

    The Ministry of Health on February 25 confirmed 65 new cases of Covid-19, with 58 linked to the February 20 community transmission. The latest cluster cases include nine Vietnamese nationals, five Cambodians, one each from Korea, Singapore and Japan, with the rest being Chinese. This brings the total number

  • Cambodia's Covid cluster cases rise to 137

    The Ministry of Health on February 24 recorded 40 more cases of Covid-19, with 38 linked to the February 20 community transmission. Of the 40, two are imported cases involving Chinese passengers. The 38 include two Vietnamese nationals and one Cambodian, with the rest being Chinese. This brings the total cases

  • Covid cluster raises alarm, health bodies urge vigilance

    The Ministry of Health and the World Health Organisation (WHO) in Cambodia have expressed great concern over the February 20 cluster transmission of Covid-19 in the community. Both entities appealed for vigilance and cooperation in curbing further spread of the virus. Ministry spokeswoman Or Vandine said

  • PM confirms third Covid-19 community transmission

    Prime Minister Hun Sen on February 20 announced the Kingdom's third outbreak of Covid-19 community transmission after 32 people tested positive in just over 10 hours. Addressing the public from his residence after an emergency meeting, Hun Sen said: "I dub it February 20 Community Event, in which 32 cases

  • Cambodia to make auto-rickshaws

    Locally-assembled electric auto-rickshaws could hit the Cambodian market as soon as early in May after the Council for the Development of Cambodia (CDC) gave the greenlight to an investment project at the weekend. According to a CDC press release, it will issue a final registration