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What is Telcoin (TEL)
TICKER TEL
BLOCKCHAIN Polygon
CATEGORY FinTech
LAUNCHED ON December 2017
UTILITIES Payments, Remittances, DeFi, Transfers, Rewards
Telcoin (TEL) is a blockchain-based financial technology platform focused on bridging the gap between cryptocurrencies and mobile telecom services. Launched in 2017, Telcoin leverages partnerships with mobile network operators and remittance providers to offer fast, low-cost, and decentralized financial services, particularly for cross-border payments.
Built on the Polygon network, TEL is the native utility token used for transaction fees, incentives, and DeFi services within the Telcoin ecosystem. The platform aims to disrupt the traditional remittance industry by providing an alternative to expensive money transfer services like Western Union.
Telcoin’s primary product, Telcoin Remittances, enables users to send money globally with near-instant settlement at a fraction of the cost of traditional banking methods. With a focus on financial inclusion, Telcoin targets unbanked and underbanked populations, especially in regions with high mobile penetration but limited banking access. Its growth relies on regulatory compliance, telecom partnerships, and wider crypto adoption.