Telcoin (TEL) is known as an open source platform that provides users with the ability to send cryptocurrency through mobile platforms and electronic storage wallets at a low cost and securely. Project Telcoin collaborates with telecom giants like Verizon and AT&T to integrate the mobile industry with crypto. With this goal, Telcoin has attracted a lot of attention from the community because of its ability to bridge the gap between the telecommunications industry and Blockchain technology.
In July 2017, Telcoin was founded with the mission to enhance financial capabilities globally through convenient, affordable cryptocurrency transfers on any mobile device. Telcoin money transfers can be done using the Telcoin app available on both Android and iOS.
With Ethereum blockchain technology, transfers and payments on Telcoin are almost instant.
Telcoin designs an intuitive interface that ensures users can make international payments and transfers directly on their mobile phones. At the same time, Telcoin also allows existing mobile platforms to switch to Blockchain approach, optimizing transaction speed.
Telcoin is not trying to replace existing platforms but acts as a supporting project. With Blockchain approach, Telcoin provides users with a new platform for international remittance, convenient top-up mobile credit.
The flexibility of Blockchain has made it easier for Telcoin to connect users with online payment platforms. Telcoin can also be used as a currency on an e-commerce platform. At this point, users only need to access their mobile wallets through online platforms to transact quickly and efficiently. To achieve this, Telcoin has taken advantage of the application programming interface or API.
Ethereum is known as a cryptocurrency platform with a high level of security. Telcoin is a project developed on the Ethereum blockchain that should be decentralized, adding a separate security layer to the platform. In addition, Telcoin's multi-signature approach also enhances the security of the network. Users must provide more than 1 private key to be allowed to transact on Telcoin.
Participating in Telcoin, the operator will be eligible to receive rewards in TEL coin tokens. This bonus depends on the trading volume and integration support provided by the carrier.
Instead of being limited to a platform's own wallet, Telcoin offers a variety of storage wallets that support ERC20 standard cryptocurrencies. Therefore, network providers always have many options to integrate with other 3rd party wallets or develop their own wallets if they want.
On Telcoin, the average transaction fee incurred when transferring money internationally is around 7%. The project aims to bring this number down to 2%. To accomplish this, Telcoin operates on a decentralized model, making it profitable for the network provider even if it is inexpensive for the general user.
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We found 6 people related to tel-telcoin, include Co-Founder and CEO at Telcoin Paul Neuner
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