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What is Telcoin and Why Did it Increase 43,000% in 2021?

Published 21/06/2021, 07:54
Updated 14/07/2021, 15:35

Today's video is dedicated to Telcoin - a crypto that hasn't managed to break into the top of the crypto charts but it did get a lot of attention on social media and seems to have a large and growing following.

Telcoin is an Ethereum-based crypto established in July 2017 in Singapore to become the connecting point between crypto, blockchain, and the telecom industry.

The project aims to partner with leading names in the telecom industry in the US and globally and scale through their reach. Names like Verizon (NYSE:VZ) and AT&T (NYSE:T) have been mentioned as platforms through which the hassle that exists between billing platforms and mobile money can be removed.

The primary focus are remittance markets. While there are almost five mobile phones to a bank account in existence, people still queue up to send money from high-cost remittance agents, with Western Union (NYSE:WU) being the largest.

Leveraging the power of blockchain, Telcoin is bringing people in the developing world a faster, low-cost alternative to remittance services.

Telecom operators that connect to the Telcoin network are immediately able to issue TEL tokens. The network gives incentives; the more the TEL token traffic an operator has, the more incentives he gets from the network.

Latest comments

wow
what are the future prospects of the telcoin. is it a good investment long-term or short term??
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