TelCoin is the cryptocurrency that bridges the gap between telecommunications companies and blockchain. It aims to facilitates payments between vendors and customers through the use of its ERC20 token. Built onto the ethereum network it meets standards of both telecom operator and the Ethereum network.
TeleCoin is currently in its very early stages and altho it had been given many votes of confidence as a stable ICO their aims are not reflected perfectly until a working product is produced.
Facilitates payments via mobile payments
Telecoin aims to make payment processing easier for both parties that are involved within its process while also incentivising rewards for vendors and customers alike.
For customers, Telecoin aim to produce a mobile application for both Android and iOS that will allow payments to be made regardless of physical location.
Reward System
The reward system is oddly unique, The telecom companies will act as exchanges for TelCoin and will expose their customers to crypto that are not traditional crypto users. The telecom companies will be passively rewarded as more users adopt TelCoin payments.
Big risk
A big risk of investing in TelCoin is that it is still very early in its development phase. They are still an ICO with no developed working product, the good thing about this is that the team understand how they appear and is reflected in how they word their white paper.
Conclusion
TelCoin has a huge industry to grow with in, with its current plan and partners it’s only working with 1% of the available and growing market. If TelCoin see success it could be huge for crypto and I hope the best for them in that regard. Keep your eyes on TelCoin as time goes on because they have potential.
