#Telcoin 🎉📈💸🔥👏
#TEL _ Low-cost, high-quality financial products for every mobile phone user in the world | Cryptocurrency / CryptoToken
The token was issued in 2017 and is now governed by the Association, and serves as the native gas token of the Network.
It's a multi-national fintech serving 171 countries, is revolutionizing global finance by integrating blockchain technology, telecommunications, and digital banking. The mission is to provide borderless, instant, and affordable financial services to every mobile phone user worldwide.
It offers the wallet, a multi-signature DeFi wallet supporting more than 100 digital assets and remittances to eWallets and bank accounts globally. It is regulated as a Virtual Asset Service Provider in the EU (Lithuania) and Argentina, a Major Payment Institution in Singapore, and a Money Services Business in the US, Canada, and Australia.
TEL Bank, a Digital Asset Bank, recently conditionally approved by the Nebraska Department of Banking and Finance, is set to become the first true crypto bank in the United States, the first regulated bank issuer of stablecoins (“Digital Cash”), and the first banking charter explicitly authorized to connect consumers to DeFi.
The Association, a blockchain consortium for mobile networks, is a non-profit organization whose mission is to represent the interests of GSMA Mobile Networks and other stakeholders in maintaining and developing the Network: an EVM-compatible, public blockchain secured global mobile telecom operators using a Proof-of-Stake consensus. In 2018, It was the first blockchain company to become a member of the GSMA, the premier global telecom industry group. The Association’s vision is that the mobile telecom industry – the most distributed industry in the world, with massive data-center infrastructure closest to the world’s 7 billion smartphones – is perfectly suited to run a distributed ledger, and switch blocks as a network service alongside switching phone calls, text messages and data packets.