How do mobile consumers benefit from the eXtensible Open Network?

In this three-part series, we will discuss the different benefits of the eXtensible Open Network, the technology that powers XONIO Mobile to offer mobile consumers a fast and convenient way to shop for digital goods and to connect to the blockchain all in one mobile application.

1. Fastest way to adopt blockchain technology through telco prepaid airtime

Telco prepaid mobile users account for 95% of all mobile consumers in emerging markets. In Asia Pacific, there are 2.9 billion people each owning an average of 1.5 million mobile subscriptions. It is also projected that by 2020, Asia Pacific smartphone users will hit the 3 billion mark. Just imagine allowing all those mobile consumers to easily connect to the blockchain just by using their telco prepaid airtime. That’s a substantial contribution to the blockchain technology adoption in the region, where only 0.19% of the population, or 8 million, owns a blockchain wallet.

How, you may ask? Through the eXtensible Open Network’s mobile application, the XONIO Mobile, telco prepaid users are provided the easiest and fastest way to create a digital wallet and to participate in a digital goods marketplace that will feature an ERC20 token called XONIO.

2. Enhanced mobile consumer trust

With transaction data being published in the Ethereum blockchain, mobile consumers, regulators and operators can view transactions from a common source. The transparency offered by the eXtensible Open Network can mitigate systematic risks.

3. Better Value

The eXtensible Open Network will charge minimal fees to ensure that maximum value is given back to XONIO Mobile users. Digital goods partners will also be charged lower fees that will lead to cheaper digital goods.

Fortifying trust and adding value for money are among the top priorities of XONIO Mobile. By simply eliminating fraud, a barrier to digital goods consumption and adoption for some consumers, XONIO Mobile easily bridges the digital goods consumer to a world of deals in eSports, entertainment, and more.

Here’s a related article featuring XONIO founder and CEO, Raymond Racaza, from his talk at the Global Inclusive Blockchain Conference in Singapore.

Aside from benefitting mobile consumers, the eXtensible Open Network also offers benefits to telcos and digital goods partners. Visit the rest of the three-part Benefits of eXtensible Open Network series to learn more about this amazing technology behind XONIO Mobile.

For more info, visit www.xon.io. Join the community on Telegram.