Telcoin - Bringing Mobile Payments to Everyone, Everywhere Through Their Mobile Operators.

Telcoin Have a Grand & Ambitious Plan

with a touch of genius strategy; to connect the entire world to cryptocurrencies, leveraging the immense reach of national mobile phone operators and making crypto payment so easy your Mum and Dad could use it.

Let's Wind Back the Clock 10 years.

I was working on an animated film series with Google's World Thinkers project. This forward thinking, annual conference was looking at how developing economies could LeapFrog technology in various areas with new applications, which made existing infrastructure unnecessary. We made a series of animated films about the various leapfrog initiatives including The Barefoot Institute in India, training village women to fit solar panels and tanks, how Internet enterprise in China was becoming a cottage industry. The idea which really caught my imagination was how people in Kenya were using their mobile phones as an efficient, money transfer network; M-Pesa. (it even worked in rural areas.)

• watch a clip of the short animation I produced about M-Pesa in Kenya here (2008)
  ShroomStudio/ Brandfuel / Google)

Model for Success & Financial inclusion for a mobile world.

Kenya now has a 90% penetration of people with bank accounts. Mobile phones and a regulatory framework were and are the key to its' success. The Telcoin model takes this thinking to it's logical conclusion. Wide reaching and life changing plans to make crypto accessible right across the 5bn mobile phone user world, including the 2 billion unbanked people, who mostly live in developing economies. It has such incredibly life changing, geo-political and social uplift potential, it's difficult not to get excited about it. Bitcoin may be temporarily making a few people rich, but this kind of Big Idea BlockChain project is the use case to prove to the world that crypto is not just here to stay, It's the future and it's a future which is brighter, more filled with, as yet untapped potential than has ever been possible before. That untapped human potential exists in the dreams, hopes and ambitions of billions of people worldwide who are currently being left behind by the Globalised economy. Not for much longer.

Business Model

For potential investors there is a whole range of positive new developments contained in Telcoin's proposition. Resistance to crypto adoption has so far been about accountability, trust and technically simple access. Telcoin answers these three questions with the power of well established players who command the trust of their existing users and possess the necessary organisational resources to make it work on a large scale. The phone networks know a thing or two about scalability. Wallets will no longer be 32 digit random numbers. You will be able to transfer money using someone's phone number. KYC (Know Your Customer) regulation which is currently an increasing issue for governments wishing to reign in taxable assets is not a problem for Mobile operators. They know their customers much better than the banks do, they have more mutual trust and can prove they actually know their customers, from stored location data and call patterns.

ICO Potential

There is also some low hanging fruit in the developed economies of the world to make some early gains and a foothold in the market. Money transfer is big business. It's cumbersome, slow and the fees are high. Where I live in the highly globalised East London, lots of people send cash by handing rolls of hard earned banknotes over at the counter of the local shop to send via Western Union to friends and relatives across Africa and Asia. The shop makes a small cut and the Money Transfer company makes a small stack from each customer.

Ethereum

Choosing the Ethereum network is a pragmatic choice. Telcoin will be tradable instantly on major exchanges. The currency can be managed with trustless smart contracts. It has the cumulative security of all the tokens on the network. It's a major and secure network which is suited to wide scale usage.. Eventually Telcoin will probably develop their own network protocols to take full advantage of what will soon be known as Post BlockChain technology but for the time being, Ethereum is solidity, literally and figuratively speaking.

Just like Fiat

The token will use 3 digits for transactions. This means you don't need to be a polymath to work out how much 0.000203204 is worth. (at today's bitcoin price, it's $3.30) Divisions of 100 are commonplace in world currency. 0.01 will be the smallest denomination. Telcoin have thought these things through.

Entry Point to Crypto for the People

I am currently being asked to advise a number of my non tech friends about investing in crypto. It's such a long winded and complex procedure that many of them will give up before they manage to so much as own even a handful of Ethereum tokens, some Bitcoin or Doge. Telcoin is going to revolutionise the whole system of entry to crypto and will be helping the whole world to join the BlockChain Revolution.. Your friends will be buying Bitcoin in no time with Telcoin. Your phone company will have their own branded wallets, developed hand in hand with Telcoin. (The telcoin token will be wallet agnostic, which is another smart move.

The Internet will be Tokenised

Tokenisation of the Internet will no doubt be complete within the next 3-5 years. Telcoin will be poised to seamlessly integrate tokenised transactions from coin to coin and from post payment billing through to mobile money payment systems, all using one hand, globally and across borders. It was inevitable really. There's massive human potential in this project and I wouldn't be surprised to see Telcoin emerge as one of the new EBAY, GOOGLE, APPLE, PAYPAL, behemoths of the 2020's. Good Luck, I'll be keeping my eyes out for the ICO or TGE as is more technically correct for an Ether token launch.

• ICO 11th December 11th telco.in

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this article is not an endorsement of telcoin. I advise all potential investors to conduct their own research and due diligence before making any investments. Remember investments can go up as well as down.

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