Telcoin wants to bring cryptocoins to the ‘unbanked’

Friday, September 22, 2017

A few years ago when we were all first getting used to the idea of bitcoin, many of us were imagining that there’d be one digital currency to rule them all – a kind of borderless millennial moolah, a global groat for a global village.

But it’s not working out like that.

There were more than 900 cryptocurrencies floating around the planet midway through the year, with a jumble of serious and weird names (InsaneCoin. Cabbage. VGINA). And now here’s another one: Telcoin.

Why should anyone care? Will this be the last you ever hear of Telcoin?

Its creators, Claude Eguienta and Paul Neuner, think it’ll have staying power because it’s not just another cryptocoin get-rich-quick scheme for early buyers – it’s a genuinely useful thing that could be adopted by countless people, particularly those without bank accounts.

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Source: Tech in Asia (link opens in a new window)

Finance, Technology
cryptocurrency, digital payments, fintech, remittances