Telcoin

I think the most interesting thing about Telcoin is how it will open up banking to poor people. Over seventy million people in the U. S. Do not have bank accounts. Most of these people cash there checks once they get them. There is a saying that it is expense to be poor. The banking sector is a good example of that.

All these seventy million who live outside the banking sector have smart phones. With these start phones poor people could deposit there checks instead of having to go to a gas station like Sheetz or 7 11. This could be like the Industrial revolution when you look at how many people could get out of poverty.

This is how Telcoin will benefit consumers, especially the consumers who do not make enough money to have an account at the bank. That is part of the reason Germany and Japan had a post bank system. That was when there federal post offices allowed people to have savings accounts at the post.

This company could also lead the way in micro lending. Telcoin will absolutely benefit businesses by helping the consumers. The consumer is the driving force in the economy today and anything that is good for the consumer is good for businesses.

The End

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https://steemit.com/cryptocurrency/@originalworks/150-steem-sponsored-writing-contest-telcoin