Launched in November 2017, Electroneum is known as an enablement currency, meaning that they aim to provide unbanked citizens of third-world countries with an easy-to-use medium of exchange. It was designed specifically with mobile users in mind, thereby appealing to a potential market of 2.2 billion smartphones, and especially to those in underdeveloped nations that lack banking facilities. Unlike other cryptocurrencies, Electroneum has a user-friendly, beginner-oriented interface that allows users to seamlessly make ETN transactions, transfer coins between one another, check their balances, and mine coins.