Telcoin TEL

$0.0008
Market Cap $ 29.403 MM (#151)
24h Volume $ 135.336 K
Chg. 24h: -4.95%
Algo. score 3.5/5  (#184)
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Telcoin project purpose and description

Telcoin clarity of purpose

Telcoin purpose and aspects

Telcoin is a new cryptocurrency based on the Ethereum blockchain that will be distributed by your national telecom operator and made available to everyone, anytime, anywhere. This is the core of our business, and mobile network operators will be at the center of our strategy.Telcoin is the first cryptocurrency to tap into synergies between the reach of mobile telecoms and the fast, borderless nature of blockchain technology. According to the World Bank, there are nearly five times as many mobile phones in the world (5 billion), as there are active bank accounts (1.2 billion). It's a lot easier to access mobile phone services than banking services, and we aim 1to capitalize on that disparity.

Telcoin additional differentiation against competition

We have a big advantage compared to other cryptocurrency companies - using telecoms as the intermediary between us and the end users. Consumers will not need to trust us in order to start using Telcoin, they will simply need to trust their telecom operator. In developed countries, consumers might not fully trust telecoms to keep their data private - but at the very least, they trust them for not offering illegal services or scam schemes. This is critical for Telcoin, as we will be able to leverage telecom trust to satisfy these concerns that are commonly associated with cryptocurrencies. Additionally we are actively cooperating with industry associations and non-governmental organizations to promote and enable financial inclusion in developing countries. We feel that this mission will grow over time and strengthen our reputation with users.

Telcoin categories

Digital currencyTelecomPayments

Short description

Telcoin is focused on connecting with mobile networks globally, enabling easy conversion between telecom mobile money, prepaid credit and postpaid billing platforms.

Abstract

Telcoin is a new cryptocurrency based on the Ethereum blockchain that will be distributed by your national telecom operator and made available to everyone, anytime, anywhere. This is the core of our business, and mobile network operators will be at the center of our strategy. Telcoin is the first cryptocurrency to tap into synergies between the reach of mobile telecoms and the fast, borderless nature of blockchain technology. According to the World Bank, there are nearly five times as many mobile phones in the world (5 billion), as there are active bank accounts (1.2 billion). It's a lot easier to access mobile phone services than banking services, and we aim 1 to capitalize on that disparity.

Link to Roadmap: https://www.telco.in/docs/whitepaper.pdf
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