There are nearly five times more mobile phones than active bank accounts, yet people around the world are still lining up to send money from high-cost remittance agents like Western Union. Why waste time and money when you could be using what’s already in your pocket?
By leveraging blockchain technology and mobile money infrastructure, we enable users to transfer money globally in seconds.
Including fees and FX margin, the global average cost of sending a remittance is over 7%. Telcoin transfers will cost less than 2%.
Telcoin works with mobile operators globally, enabling easy transfers between mobile money, carrier billing, and dealer networks.
Built on the Ethereum blockchain, Telcoin combines the strength of a decentralized network with multi-signature crypto security.
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.
Telcoin can easily fit into existing fee models for connecting to carrier billing and mobile money platforms, but any fees applied are then deducted from TEL issuance. The model incentivizes a low fee service that is attractive to end users but still profitable for networks.
Telcoin’s pricing and exchange API interacts directly with carrier billing and mobile money platforms through REST APIs, SMS, and USSD.
Telcoin connects existing mobile money platforms to the decentralized financial system of the future, beginning with a globally marketed remittance service aligned with the telecom industry.
In addition to our proprietary wallet, Telcoin can integrate with existing telecom mobile money wallets. Offering Telcoin to subscribers is as easy as adding an additional remittance merchant.
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“A financially inclusive world, made possible by blockchain startups like Telcoin, will advance an entire new ecosystem of modern finance”