$0.0335 / $0.0317
What is Telcoin (TEL)
Telcoin (TEL) is a blockchain platform that aims to enable its users to transfer money globally in seconds. There are nearly five times more mobile phones than active bank accounts, Telcoin states, yet people are still sending money from high cost agents like Western Union. Telcoin supposedly works with mobile operators and e-wallets globally and allow its user to reach a broad base of users with a contactless service. Telcoin states that its Ethereum based platform combines the strength of a decentralized network with multi signature crypto security.
Thanks to Telcoin wallet that is available in both App Store and Google Play Store, users can send money easily by just simply cashing in, and entering the beneficiary country, phone number and amount. Telcoin states that telecom operators are issued TEL based on their transaction volume and integration maturity, ensuring the most efficient delivery of an affordable remittance service to their subscribers.