Tel Coin: A Smart Investment Decision?

Telcoin (TEL) is a decentralised cryptocurrency and remittance payment system that aims to streamline global money transfers by integrating blockchain and the telecoms industry. It was founded in Singapore in 2017 and has since seen a 43,000% increase in value since the beginning of 2021. The main utility of Telcoin is in the remittance market, which is currently dominated by large centralised providers such as Western Union. Telcoin aims to reduce fees and improve the user experience by leveraging the existing mobile payments infrastructure. While some investors have expressed frustration at the volatility of Telcoin's value, others remain bullish on the cryptocurrency's long-term prospects, particularly its ability to disrupt the remittance market.

Telcoin's mission to disrupt the remittance market

Telcoin is a financial technology platform that leverages blockchain technology to facilitate high-speed, low-cost international remittances. Established in July 2017 in Singapore, Telcoin's core mission is to increase financial inclusion worldwide through convenient and affordable digital money transfers on any mobile device.

The company aims to disrupt the remittance market, which is currently dominated by large centralized providers such as Western Union and MoneyGram. These traditional providers often charge high fees, with the global average being around 7%. Telcoin, on the other hand, offers a much more affordable alternative with a fee rate of just 2%. This is made possible by leveraging the existing mobile payments infrastructure and removing multiple third parties from the remittance process.

Telcoin partners with telecoms and mobile money platforms globally to make sending money as easy as sending a text message. By integrating with these platforms, Telcoin can provide a seamless and user-friendly experience for sending remittances. Telcoin is available on both iOS and Android devices as a free download, making it accessible to a wide range of users.

The use of blockchain technology enables Telcoin to provide near-instant money transfers globally. Blockchain provides increased transparency and responsiveness, ensuring that transactions are secure and efficient. Additionally, Telcoin utilizes the security of the Ethereum blockchain, with advanced features such as multi-signature and API protocols, further enhancing the safety of transactions.

Telcoin's value and growth

Telcoin (TEL) is a cryptocurrency and remittance payment system that aims to streamline global money transfers by integrating blockchain and telecommunication technologies. Established in Singapore in 2017, Telcoin seeks to become the primary currency used by telecom providers to offer money transfer services to clients.

One of the key advantages of Telcoin is its potential to reach and benefit people in remote locations with limited access to traditional banking services but functioning mobile infrastructure. With five times more mobile phones than active bank accounts globally, Telcoin could be a game-changer for the unbanked population.

Telcoin's unique value proposition has gained traction, and its price has seen significant growth. In 2021, it increased by 43,000% since the beginning of the year, outperforming well-known cryptocurrencies like Dogecoin. As of 2024, Telcoin's price has risen almost 30,000% year-to-date, reaching an all-time high of $0.59.

Telcoin's growth can be attributed to several factors. Firstly, investors are pursuing altcoins, seeking the next big crypto opportunity beyond Bitcoin. Secondly, Telcoin's focus on disrupting the global remittance market is attracting interest. The remittance sector is often dominated by large centralized providers with high fees, and Telcoin offers a faster, more efficient, and lower-cost alternative.

Telcoin's network adoption is growing, and as a result, demand for its TEL crypto is increasing. With a price below $1, investors see an opportunity to buy TEL tokens cheaply. Additionally, Telcoin has a fixed supply of 100 billion tokens, creating a scarcity that further drives price increases.

According to price predictions, Telcoin's positive outlook is expected to continue. WalletInvestor predicts that the token will maintain its value in the $0.065 range over the next year and could surpass $0.10 in five years. Other forecasts by TradingBeasts and Digital Coin Price also indicate steady growth, with the price potentially reaching $0.092 and $0.15 in 2024 and 2025, respectively.

Telcoin's growth and value are closely tied to its ability to disrupt the global remittance market and provide an efficient, low-cost alternative to traditional remittance services. With increasing adoption and a growing demand for remittance services, Telcoin is well-positioned to continue its upward trajectory, making it an attractive investment opportunity for those interested in the crypto market.

Telcoin's low fees

Telcoin (TEL) is a decentralised cryptocurrency and remittance payment system. It aims to streamline global money remittance by integrating blockchain and the telecommunication industry. The platform seeks to become the main currency used by telecom providers to offer money transfer services to clients.

The remittance sector is currently dominated by large, centralised providers such as Western Union and MoneyGram. These firms pass on fees accrued from multiple third parties to process international money transfers, resulting in high costs for users. Telcoin, on the other hand, leverages the existing mobile payments infrastructure to provide lower fees and a more efficient user experience.

Telcoin users are subject to a 2% fee rate, compared to the global average of 7% for most providers, including Western Union and MoneyGram. This reduction in fees is made possible by removing multiple third parties from the remittance process. By utilising blockchain technology, Telcoin can also provide near-instant money transfers globally, whereas it can take over 24 hours to send funds via Western Union.

The low fees offered by Telcoin are particularly beneficial for individuals in developing countries who rely on remittance payments. In Somalia, for example, remittance payments make up 35.3% of the country's GDP. Telcoin's low fees can result in significant cost savings for senders and help boost the economies of recipient countries.

Telcoin's security

Telcoin leverages the full security of the Ethereum blockchain. The platform integrates advanced security features such as multi-signature and API protocols. Specifically, the network interacts directly with carrier billing and mobile money platforms through REST APIs, SMS, and USSD.

The use of APIs simplifies the integration of Telcoin into mobile networks. Providers don't need to make any hardware adjustments. Integrating Telcoin is similar to adding a new supplier to their platform. In this way, the network operates as a valuable on-ramp to the decentralized markets.

Telcoin (TEL) relies on Ethereum’s blockchain to achieve validity and the execution of smart contracts. Ethereum utilizes a Proof-of-Work consensus mechanism at this time. It’s currently the second-largest PoW network in the world. As such, it’s incredibly secure.

In the coming months, Ethereum will convert to a Proof-of-Stake (PoS) network. This upgrade will provide the network with more scalability and added features. This added scalability will provide Telcoin with more performance and a higher tps (transactions per second) rate.

TEL is the main utility token of the Telcoin network. Users must hold TEL to interact with the network's services. Notably, Telecom operators are issued TEL based on their transaction volume and integration maturity. This approach helps to ensure the most efficient delivery of an affordable remittance service to their subscribers.

TEL is an ERC-20 standard token. As such, you can trade this token on popular DEXs such as Uniswap and Sushiswap. TEL users have access to the entire Ethereum ecosystem.

Telcoin's future price predictions

Recent Performance

Telcoin (TEL) has gained significant momentum, outperforming well-known cryptocurrencies like Bitcoin and Ethereum. In the past month, it has gained over 500%, and its year-to-date (YTD) performance is even more impressive, with a staggering 30,000% increase. This surge in value has caught the attention of crypto investors, who are now considering TEL as a potential investment opportunity.

Market Position and Use Case

Telcoin is a decentralised cryptocurrency and remittance payment system designed to streamline global money transfers by integrating blockchain and telecommunication technologies. With five times more mobile phones than active bank accounts globally, Telcoin has the potential to revolutionise the remittance market, particularly in regions with limited financial infrastructure. This unique value proposition has contributed to its recent success.

Price Predictions

• WalletInvestor: Predicts that TEL will remain in the $0.065 range over the next year and could reach $0.10 in five years.
• TradingBeasts: Forecasts TEL to trade at $0.065 in 2021, $0.072 in 2022, and $0.092 by 2024.
• Digital Coin Price: Offers a more bullish outlook, expecting TEL to close 2021 at $0.074 and reach $0.087 in 2022. They anticipate the price to surpass $0.15 by 2025, representing a 245% upside potential.
• Long-Term Outlook: According to Walletinvestor.com, TEL is a good long-term investment. With a 5-year investment, the revenue is expected to be around +0.39%. By 2029, the price is predicted to reach $0.00258.

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