Created in 2017, Telcoin is a decentralized cryptocurrency based on the Ethereum network. The project aims to partner with big names in telecoms, including AT&T and Verizon, to remove the hassle between mobile money and billing platforms.
TEL is the ERC-20 token which can be used in the Telcoin ecosystem to make payments. TEL’s current market price is $ 0.00657 after an increase of almost 7.8% on a 24-hour basis.
Founded by Claude Eguienta and Paul Neuner, Telcoin aims to provide users with low-cost, high-speed digital money transfers for e-wallets and mobile money platforms. Crypto mainly focuses on the money transfer markets. It harnesses the power of blockchain to provide alternatives to faster and cheaper remittance services.
To achieve these goals, Telcoin works globally with the e-wallet and mobile operators, allowing them to reach a wider range of users without any contact. People are allowed to have full access to their money using their phones like any other decentralized crypto.
The idea behind the launch of Telcoin was that not everyone with a smartphone had a bank account. It aimed to make banking functionality available to people with smartphones but no bank accounts, making it the first blockchain-based platform to work with mobile telecommunications.
Speaking of the security and safety of the Telcoin wallet, we can say that Telcoin has both advantages and disadvantages. The platform is very transparent, which means that the company regularly provides all the necessary information. They have a great team of support agents who respond to queries instantly. Wallet owners can add Face ID to increase the security of their wallets. One thing that is lacking is 2-factor authentication, which could have added more to its security.
Since its launch, Telcoin has gained a lot of attention as it potentially aims to bridge the gap between blockchain technology and the telecommunications industry. Telcoin can expect the buzz to grow strong within communities as more people have started to discover the coin.