Telcoin (TEL)
Telcoin is a cryptocurrency that operates on the Ethereum mainnet, Polygon, and Sora blockchain. It aims to provide low-cost, high-quality financial products accessible to every mobile phone user globally. By leveraging blockchain technology, Telcoin seeks to revolutionize the way people send and receive money, particularly focusing on remittances.
Send money smarter with Telcoin remittances
Remittances are financial transfers made by foreign workers or diaspora members to their families or communities in their home countries. These transfers play a critical role in household income for many families worldwide. Telcoin addresses the inefficiencies and high costs associated with traditional remittance services through its innovative Telcoin Wallet.
The Telcoin Wallet
| Ticker | TEL |
| Category | Decentralized Finance (DeFi) |
| Website | http://www.telco.in |
| @telcoin | |
| Telegram | Telcoin_Announcements |
| https://www.reddit.com/r/Telcoin/ | |
| Contract Addresses | |
|---|---|
| ethereum | 0x46...0f Copied! |
| polygon-pos | 0xdf...32Copied! |
| sora | 0x00...34Copied! |
The Telcoin Wallet is a digital platform designed to reimagine remittances in a globally connected world. Users can send fiat remittances to over 20 countries, with plans to expand further, all for a fee of 2% or less. This is significantly lower than the global average cost of over 6% reported by the World Bank. The Telcoin Wallet offers a seamless and cost-effective way to send money, eliminating the hidden fees often associated with foreign exchange rates in traditional services.
How Telcoin remittances work
Telcoin Remittances is the flagship product that facilitates high-speed, low-cost digital money transfers to mobile money platforms and e-wallets worldwide. By partnering with telecom companies, mobile money services, and e-wallet providers, Telcoin ensures that sending and receiving money is not only convenient but also affordable and secure. This collaboration enables Telcoin to tap into existing infrastructure, enhancing its service delivery and reach.
A blockchain consortium for mobile networks
The Telcoin Association is a non-profit organization that represents the interests of GSMA Mobile Networks and other stakeholders. It plays a vital role in maintaining and developing the projects within the Telcoin ecosystem. By fostering collaboration among mobile network operators and blockchain stakeholders, the association supports the growth and sustainability of Telcoin's financial solutions.