𝗥𝗲𝘀𝗽𝗼𝗻𝘀𝗲 𝘁𝗼 𝗕𝗶𝗻𝗮𝗻𝗰𝗲.𝘃𝗶𝘀𝗶𝗼𝗻
Tags: Telcoin, Blockchain, Binance

𝗥𝗲𝘀𝗽𝗼𝗻𝘀𝗲 𝘁𝗼 𝗕𝗶𝗻𝗮𝗻𝗰𝗲.𝘃𝗶𝘀𝗶𝗼𝗻 𝗮𝗿𝘁𝗶𝗰𝗹𝗲 “𝗕𝗹𝗼𝗰𝗸𝗰𝗵𝗮𝗶𝗻 𝗨𝘀𝗲 𝗖𝗮𝘀𝗲𝘀 : 𝗥𝗲𝗺𝗶𝘁𝘁𝗮𝗻𝗰𝗲 “

𝗖𝗵𝗮𝗹𝗹𝗲𝗻𝗴𝗲𝘀 𝗮𝗻𝗱 𝗹𝗶𝗺𝗶𝘁𝗮𝘁𝗶𝗼𝗻𝘀 𝗮𝗰𝗰𝗼𝗿𝗱𝗶𝗻𝗴 𝘁𝗼 𝗕𝗶𝗻𝗮𝗻𝗰𝗲.𝘃𝗶𝘀𝗶𝗼𝗻:

-Crypto-fiat conversion. The worldwide economy is still based on fiat currencies, and converting between crypto and fiat is not always an easy task. In many cases, a bank account is required. Peer to peer (P2P) transactions can remove the need for a bank, but users will likely need to convert from fiat to crypto in order to use the money.

-Mobile and Internet dependence. Millions of people living in underdeveloped countries still lack access to the Internet, and many don’t have a smartphone. As mentioned, blockchain-compatible ATMs may be part of the solution.

-Regulation. Cryptocurrency regulation is still in very early stages. It is either unclear or inexistent in several countries, especially the ones that rely on foreign cash inflow. But further adoption of blockchain technology will certainly push regulation forward.

-Complexity. Using cryptocurrencies and blockchain technology require certain technical knowledge. Most users still rely on third-party service providers because running and using blockchain autonomously is not an easy task. Also, many crypto wallets and exchanges still lack educational guides and intuitive interfaces.

-Volatility. Cryptocurrency markets are still immature and subject to high volatility. As such, they are not always suitable for everyday use, as their market value may change very quickly. Other than that, highly-volatile currencies are not ideal for people that just want to transfer money from one place to another. This problem is less concerning, though, and stablecoins may offer a viable solution.

𝗧𝗲𝗹𝗰𝗼𝗶𝗻’𝘀 𝘀𝗼𝗹𝘂𝘁𝗶𝗼𝗻𝘀 𝗳𝗼𝗿 𝘁𝗵𝗲 𝗺𝗲𝗻𝘁𝗶𝗼𝗻𝗲𝗱 𝗰𝗵𝗮𝗹𝗹𝗲𝗻𝗴𝗲𝘀 𝗮𝗻𝗱 𝗹𝗶𝗺𝗶𝘁𝗮𝘁𝗶𝗼𝗻𝘀:

𝗖𝗿𝘆𝗽𝘁𝗼-𝗙𝗶𝗮𝘁 𝗰𝗼𝗻𝘃𝗲𝗿𝘀𝗶𝗼𝗻:

The varying implementations of KYC/AML between nations makes crypto-fiat conversion an exceptional challenge. Telcoin brings a flexibility in cash-in and cash out options that fit many different legal landscapes in such a way to make as minimal a burden on the end-user with a near zero learning curve.

Telcoin’s Cash-out options include:

-Mobile Money(eCash): Telcoin has provided a network interoperability solution between blockchain and partnered mobile money platforms to exchange $TEL for mobile money, which in many countries is as good as, if not better than FIAT.

- Airtime (only if it’s equivalent to cash, which is the case in some African countries)

-Postpaid credit

- In-app bank, debit and credit transfers

-Existing e-wallets: Telcoin’s powerful API allows for integration of $TEL into partnered e-wallets. All of the partnered e-wallet ecosystem’s fiat off-ramps immediately become available as $TEL off-ramps.

https://m.youtube.com/watch?v=3LHlkY7dReo

𝗠𝗼𝗯𝗶𝗹𝗲 𝗮𝗻𝗱 𝗶𝗻𝘁𝗲𝗿𝗻𝗲𝘁 𝗱𝗲𝗽𝗲𝗻𝗱𝗲𝗻𝗰𝗲 :

For Telcoin, mobile is everything, it’s central to it’s busness model. Telcoin does not view this as a bad thing. Currently mobile networks cover 96% of the world’s population, there are more than 5.13 billion mobile devices active on earth. That’s more mobile devices than bank accounts. Telcoin’s system does not suffer limitations from mobile data requirements (mobile internet). Telcoin has leveraged existing GSM technology (USSD or feature codes) alongside their API to enable transactions with non-smart(Burner/Pre-paid/Feature) and Smart mobile devices(Smart Phones).

𝗥𝗲𝗴𝘂𝗹𝗮𝘁𝗶𝗼𝗻𝘀:

‘Crypto legal requirements, still in their infancy, present a complex problem for crypto companies to flourish. Telcoin has opted to meet the challenge head-on and has sought to meet with all required regulatory bodies and achieve legal compliance through licensing or partnerships in every area they currently operate. They are 100% legally compliant and will continue to be as they grow into new countries.