Telcoin overview

History of Telcoin

Telcoin was founded in 2017 by Claude Eguienta and Paul Neuner. The project was developed to address the inefficiencies in the remittance market and to provide financial inclusion through mobile technology. Recognizing the vast number of people using mobile phones but lacking access to traditional banking services, Telcoin aimed to bridge this gap by partnering with telecom operators.

Key milestones

Since its inception, Telcoin has achieved several notable milestones:

1. Initial coin offering (ICO): Telcoin conducted its ICO in late 2017, raising funds to develop and promote its platform.

2. Partnerships with telecom operators: Telcoin has formed partnerships with multiple telecom operators to facilitate its mobile money services. These collaborations are essential for extending its reach and enhancing the adoption of its platform.

3. Launch of Telcoin app: The Telcoin mobile application was launched to provide users with a convenient and user-friendly interface for sending and receiving money.

How Telcoin works

Telcoin operates by leveraging the existing infrastructure of mobile network operators. The platform aims to integrate its services directly with telecom companies, providing users with a seamless experience for sending and receiving money.

Telcoin remittance services

One of Telcoin's primary use cases is in the remittance market. The platform aims to offer faster and cheaper remittance services compared to traditional methods. By utilizing blockchain technology and partnering with telecom operators, Telcoin can facilitate cross-border transactions with reduced fees.

Advantages of using Telcoin for remittances

• Speed: Transactions processed through Telcoin are typically faster than conventional remittance services, which can take days.

• Cost-effectiveness: Telcoin's blockchain-based system reduces the costs associated with sending money across borders, making remittances more affordable for users.

• Accessibility: By partnering with telecom operators, Telcoin can reach a larger audience, including those without access to traditional banking services.

Telcoin's ecosystem

Telcoin's ecosystem is designed to provide a comprehensive suite of financial services through mobile platforms. It aims to cater to the needs of users who rely on mobile phones for their financial activities.

Regulatory compliance

Telcoin places a strong emphasis on regulatory compliance to ensure the legitimacy and security of its platform. By adhering to local and international regulations, Telcoin aims to build trust with users and partners.

Importance of compliance

• User protection: Compliance with regulations helps protect users from potential fraud and ensures the security of their transactions.

• Partnership opportunities: Regulatory compliance facilitates partnerships with telecom operators and other financial institutions, expanding Telcoin's network.

• Market acceptance: Adhering to legal requirements enhances Telcoin's credibility and acceptance within the global financial ecosystem.

Potential areas of growth

• Expanded remittance corridors: Telcoin plans to increase the number of remittance corridors it supports, enabling more users to benefit from its services.

• Additional financial services: The platform may introduce new financial products, such as lending and savings, to provide users with comprehensive financial solutions.

• Technological advancements: Telcoin aims to leverage technological innovations to improve its platform's efficiency and user experience.