- 07.02.2020

Telcoin news 2019

telcoin news 201910 votes, 21 comments. k members in the Telcoin community. Telcoin is a new cryptocurrency based on the Ethereum blockchain that will be . Telcoin News and Partnerships: On our popular Telfam blog, you can find articles Remittances to South Asia grew percent in , reaching an enormous.

Telcoin, a new cryptocurrency company which recently became an official member telcoin news 2019 the GSMA, aims to bridge the gap that exists between telcos and blockchain technology.

Telcoin news 2019

Shashank Venkat presents the details Telcoin is telcoin news 2019 new cryptocurrency that aims to leverage the widespread reach of mobile networks and combine that telcoin news 2019 the fast, secure and borderless nature of telcoin news 2019.

Telcoin recently announced that it has become an official member of continue reading GSMA and this development will certainly bring more mainstream interest in the project.

Telcoin news 2019

The Telcoin token, built telcoin news 2019 the popular Ethereum platform, will be exclusively distributed by GSMA mobile network operators, who in turn, will sell it to their subscriber base. Telcoin will incentivise mobile network operators who decide to partner with the project.

The company is also offering a Telcoin Exchange API to facilitate integration options and interaction with convergent charging telcoin news 2019 and mobile money accounts.

Telcoin news 2019

More details about partner incentives and technicalities can be found in the official Telcoin whitepaper. Now, why did Telcoin decide to partner with mobile operators instead of some other entity?

The answer telcoin news 2019 within existing barriers to cryptocurrency adoption such as trust, reach and Know Your Customer KYC compliance.

Telcoin news 2019

The same trust issues have led to a lot of regulatory scrutiny which has made it difficult for many companies working on cryptocurrency projects. Moreover, there are cumbersome KYC telcoin news 2019 to be followed before customers can purchase cryptocurrencies.

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However, telecom operators have access to a lot of real-time customer data which leads to more trust among telcoin news 2019. And for telcos, this opens up newer growth opportunities amid dwindling telcoin news 2019 from core telecom services such as voice, telcoin news 2019 and data.

Telcoin news 2019

Telcoin believes that it can contribute to the mobile financial services telcoin news 2019 and complement existing mobile payment platforms. The telcoin news 2019 adoption for mobile money telcoin news 2019 this cryptocurrency opens up the chance to beef up mobile operator revenues and telcoin news 2019 them a chance to enter the financial services industry.

Of course, the success of Telcoin will depend greatly on the nature of regulatory barriers that may inhibit telecoms companies from establishing exchange capabilities with cryptocurrencies and prevent adoption from mainstream telcos.

Telcoin news 2019

In our analysis, we identified blockchain use cases within micro-payment business models and Telcoin telcoin news 2019 to be working in this direction. While telcoin news 2019 blog post should not be misconstrued as an endorsement for Telcoin, we think that this telcoin news 2019 project has shown a new way for blockchain adoption within telcos.

Telcoin news 2019

Many leading players such as T-Mobile are also vergecurrency twitter working on blockchain initiatives, and we believe that blockchain will be a dominant theme in the upcoming Mobile World Congress in Barcelona.

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