Telcoin utilizes blockchain technology to offer decentralized financial products for mobile phone users. The company collaborates with mobile network operators and mobile money platforms worldwide, delivering DeFi products to communities. Telcoin's services include facilitating digital money transfers to mobile money platforms and e-wallets.
Regulated as a major payment institution by the Monetary Authority of Singapore, Telcoin also operates under regulations in the U.S., Canada, and Australia.
Telcoin is a mobile remittance network built on top of Ethereum. The project plans to compete with existing remittance providers by providing low-cost services directly through mobile carriers. Telcoin plans to work with wireless carries to issue TEL tokens that can be used in existing fee models for connecting to carrier billing and mobile money platforms.