Call me a $TEL maximalist if you want hahah but I truly believe that telcoin will be the actual catalyst that ushers in mass adoption for crypto. Just my thoughts on what could be, and let me preface, I’ve been known to be wrong before, but hear me out...
Remittance is a multi-billion dollar market. Which currently is in desperate need of disruption in my opinion. The archaic system has needed a revamp thats been long over due. Western Union, moneygram, and the leading companies that offer remittances do so at a rate of 7-14%.
In essence they’re taking from the poor and charging an inflated rate, because they have pretty much monopolized that market. Telcoin’s technology, which is so underrated it’s stupid, allows for them to have an extreme competitively edge. Why?
because the very ecosystem they’re building will allow them to not only provide much cheaper remittances(2.5%), but in a tweet the other day someone brought up doing remittances for free to @P4Cap because the fact that all the other products that will be on the app
as well can be monetized in a way that would make the remittance fee unnecessary. To which he replied...
From there, they also will be the highway that allows large institutional banks to have compliant crypto holding departments. Because they laid the ground work to truly become what I would say is the first Real Compliant Crypto(a Chartered, Digital Asset Bank).
Making them a prime candidate for banks to partner with them and utilize their compliances & technology which allows them to enter into the crypto space. (think Tesla with states & tax credits) Gov. Trusts them.
They’re not a cowboy in the Crypto Wild West, they are Financial gentlemen of stature, and they abide by a moral framework that operates within gov. parameters(FDIC Insured)
Through this I believe they will create a way for companies to be able to utilize this tech and integrate their payment systems to allow seamless crypto transactions. Hence, Apple Pay & google Pay, & Visa and MasterCard in the source code.
The only way for crypto to be adopted on a mass global scale is to make it seem like nothings even changed. You don’t need to reinvent the wheel, you just need to re-design it.
@telcoin_team will be just that, they are going to make it so your 85yr old grandma can order your Christmas gift on Amazon and she won’t even know that the transaction was actually paid in BTC because the seller on the receiving end chose that as his preferred payment method.
@telcoin_team tech is going to allow for the back end of payment systems to move any kind of money, crypto or fiat, interchangeably, stably, & safely.