Telcoin (TEL) Built on Ethereum Network to Send Money Smarter with Mobile

What are Telcoin trying to do?  There are more than five times mobile phones than active bank accounts. Despite this people across the world are still lining up to send money from high-cost remittance agents like Western Union.

Telcoin are like why waste time and money when you could be using what’s already in your pocket?

They believe in:  “A financially inclusive world, made possible by blockchain startups like Telcoin, will advance an entire new ecosystem of modern finance”

By leveraging blockchain technology and mobile money infrastructure, they are making it possible for users to transfer money globally in just seconds.  Telcoin works with mobile operators and e-wallets globally, permitting to reach a broad base of users with a contactless service.  Including fees and FX margin, the global average cost of sending a remittance is over 7%. Telcoin is targeting an average total cost of less than 2%.  Built on the Ethereum blockchain, Telcoin combines the strength of a decentralized network with multi-signature crypto security.

There are live Telcoin (TEL) markets on a variety of centralized & decentralized exchanges including Kucoin, Uniswap, Balancer, and Quickswap.

Telcoin has user-first design making it the ultimate way to send money. Simply cash-in, enter the beneficiary country, phone number, amount, and send.

This is considered to be a solid model for Telcom adoption.  Telecom operators are issued TEL based on their transaction volume and integration maturity.  Thus, ensuring the most efficient delivery of an affordable remittance service to their subscribers.

Telcoin connects existing mobile money platforms to the decentralized financial system of the future, beginning with a globally marketed remittance service aligned with the telecom industry. Thus, expanding the scope for financial services.

In addition to their proprietary wallet, Telcoin integrate with existing telecom mobile money wallets. Offering Telcoin to subscribers is as easy as adding an additional remittance merchant.

Telcoin’s pricing and exchange API interacts directly with carrier billing and mobile money platforms through REST APIs, SMS, and USSD.

Telcoin can easily fit into existing fee models for connecting to carrier billing and mobile money platforms, but any fees applied are then deducted from TEL issuance. The model incentivizes a low fee service that is attractive to end users but still profitable for networks.

Why waste your time going to a physical remittance shop when you can now do it from the comfort of your couch? With the Telecom app? How they try to kick in adoption?  It all starts with downloading the all to send and receive from wherever is convenient for you.  They are all about sending money smarter.

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