Telcoin The bank in your mobile

“Telcoin is a new cryptocurrency based on the Ethereum blockchain that will be distributed by your national telecom operator and made available to everyone, anytime, anywhere. This is the core of our business, and mobile network operators will be at the center of our strategy. ”

For this purpose Telcoin is coming up with an ICO on 11th Dec 2017
Telcoin is a way of holding, sending and receiving money through the phone. To send money we need to know only the mobile number of the recipient and for receiving money we need to give only our mobile number to the sender. This is the concept behind Telcoin.

To all my crypto enthusiast friends reading this I would say ...
Telcoin is a new cryptocurrency based on the Ethereum blockchain. It is an EC20 token .Telcoin would be distributed by a mobile users national telecom operator and made available to everyone, anytime, anywhere. This is the core of Telcoin's business. The mobile network operators will be at the center of strategy.

To someone living in the real world Telcoin has a different meaning. It is a way of sending & receiving money from the mobile. With Telcoin one can send money to anyone within our city, country or any part of the world.

5 billion people have mobile phones and yet not all of of them have access to a bank.
Telcoin would act like a bank that anyone can use to send and receive money to anyone in the world using their mobile number. Hold the Telcoin EC20 tokens in your wallet just like one would do in the bank account.
Banks can be at a far off location. One may have to walk or spend money to reach the bank.
With Telcoin in your phone you can use it to buy things and pay to anyone.
Many people living in the remote area do not have access to a bank. Telcoin can act as a bank for them as they can receive their earnings into their Telcoin mobile wallet. This way it remains safe from being stolen or lost. Their local markets can be Telcoin enabled so they can buy the goods for daily needs with Telcoin.
A large population gets paid on a daily basis and going to bank for them is not possible as it means losing one days earning. Telcoin would grant them access to financial freedom through their mobile.
Telcoin plans to provide remittance services at one third the fee charged by a brick and mortar remittance provider like Western Union.
Small financial transactions such as deposits, withdrawal and sending micro payments are not to be handled by conventional banks because of bank charges and fee thresholds.
Low transaction fees makes Telcoin the ideal provider for Small financial transactions such as deposits, withdrawal and sending micro payments. This service is not feasible for conventional banks due to their high transaction cost. Even man power driven micro payment provider & lender cannot match the efficiency and lower cost of a Telcoin financial system

More information can be obtained here
Telcoin
Telcoin WhitePaper
Telcoin Twitter
Telcoin BTCTalk
https://steemit.com/cryptocurrency/@originalworks/150-steem-sponsored-writing-contest-telcoin
Please do your own study before making any investment decision.

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