Telcoin, a new cryptocurrency that’s slowly gaining popularity and acceptance, could be the next big thing in the crypto world. It’s similar to other cryptocurrencies, but with one key difference – the coin is designed to help you stay in touch with friends and family around the world as much as possible at absolutely no cost to you!
Telcoin is a blockchain-based service that enables users to send, receive and store national currencies across any mobile network in the world.
Currently, people are often limited to using one or two methods to do so — with banks, e-wallets, and credit cards being three of these options.
Telcoin offers greater versatility than these options by allowing people to pay bills, top-up their prepaid cell phones, and avail themselves of other prepaid services with digital money.
For example, if you’re traveling abroad and don’t have access to your bank account or credit card, you can use Telcoin to make purchases from retailers who accept it as payment. This type of flexibility makes it an attractive option for many people around the globe.
Additionally, because it’s based on blockchain technology, transactions made through Telcoin are secure and transparent; all payments made through its platform can be tracked via its app.
- Telcoin is a digital cryptocurrency that is used on the TELx payment network
- It can be bought, sold, and traded on a cryptocurrency exchange
- It can be stored in a hardware or software digital wallet
- It can be transferred from peer-to-peer using the Telcoin app
How Do You Invest in Telcoin?
Investing in a new coin can be a difficult task for many. Many exchanges are available to invest in, but not all of them provide direct investment into their exchange with fiat money, so that requires people to first buy Bitcoins or Ethereum from Coinbase or Localbitcoins and then convert those coins into their desired altcoins (like Telcoin).
This can take anywhere from one day to two weeks, depending on your country and payment method. Luckily, since Telecoin is becoming increasingly popular, you can buy it directly on many exchanges.
If you’re looking to invest, check the Telcoin price prediction here.
How Does Telcoin Work
Telcoin’s model is based on telecom coins (e.g., Mobile Money), which are accepted by telecom operators and can be used to purchase goods and services within their ecosystem.
The advantage of Telcoin over traditional mobile money is that it can be stored on a compatible digital wallet and used directly to purchase goods/services from a merchant’s website or mobile app.
This means users do not need to have an account with a local mobile network operator, nor do they need to load funds onto an existing account before making purchases. As such, Telcoin has significantly lower barriers to adoption than traditional mobile money solutions.
With a simple download of a compatible app or integration into a web browser, anyone can start using Telcoin to make instant payments at merchants worldwide.
Moreover, since merchants never touch any of your personal information when you pay them using Telcoin, there is no risk of data breaches like those experienced by many banks recently.
Who Is Behind Telcoin?
Telcoin was established by a company called Telia Company, based out of Stockholm, Sweden.
Telia is one of Europe’s largest telecommunications companies; they operate under multiple subsidiaries in 20 countries worldwide and have over $89 billion worth of sales annually.
The company has been around since 1856, when it was founded as a state-owned operator. Today, it is privately owned and operated by TeliaSonera AB, which was formed in 1999 through a merger between Sonera Corporation and Telecom Finland Oyj.
Will Telcoins Be a Good Investment?
At first glance, Telcoin is an interesting cryptocurrency worth keeping an eye on. The white paper — available for download on their official website — provides a comprehensive overview of its features and benefits, making it easy to understand.
However, there is more to being a successful investment than just having a good whitepaper. As with any investment, it’s important to understand what you’re buying into. Here are five things you need to know about TEL:
It’s a Cryptocurrency
As we all know, cryptocurrencies have become a popular way to invest — and for a good reason!
They provide an opportunity for anyone to get involved in an exciting and rapidly growing market without having to spend thousands of dollars on equipment or pay high fees for financial advice.
The most well-known cryptocurrency is Bitcoin, but there are many others you can choose from if you want to diversify your portfolio. Telcoin is one such alternative that could potentially make you money.
Buy Telcoins with USD
Most other cryptocurrencies are bought with Bitcoin or Ethereum, which means you need to buy BTC/ETH first using fiat currency (like USD) before being able to purchase any other coins.
Telcoin makes it easier by allowing you to use your credit card to purchase TEL coins directly. This is a huge advantage for people who don’t want to go through the hassle of buying BTC/ETH and then converting it into another coin.
It also allows people without access to cryptocurrency exchanges an opportunity to get involved in crypto trading.
Low Market Cap
The market cap refers to how much money would be needed to buy up every single coin currently available on the market.
As of now, there are only 59 billion Telcoins available — meaning if someone wanted to buy them all up right now, they would only have to spend $0.0064 per token!
Obviously, that isn’t going to happen anytime soon, but having such a low market cap is good news for investors because it means that there isn’t much competition when trying to buy tokens.
However, keep in mind that while low market caps mean less competition, they also mean lower liquidity — which can make it more difficult to sell tokens later on.
Rewards for New Users
To help spur the adoption of their platform, Telcoin is offering rewards to new users as well as those who refer others. For example, once you purchase 100 TEL coins, you will receive 5 free coins just for joining their Telegram group!
Additionally, referring friends will earn you even more rewards — for each friend who signs up and purchases at least 100 TEL coins within 30 days of joining your referral link, you will receive 20 free tokens.