Why is TEL gaining popularity among the crypto community? Is Telcoin safe to use?

Why is TEL gaining
popularity among the crypto community? Is Telcoin safe to use?
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Established in 2017, Telcoin is a decentralized cryptocurrency based on Ethereum Network. The project aims to have a partnership with the leading names of telecoms, including AT&T and Verizon, to remove the hassle which exists between mobile money and billing platforms. TEL is the ERC-20 token that can be used in the Telcoin ecosystem to make payments. The current market price of TEL is $0.00657 after an increase of nearly 7.8% over 24-hours.

Founded by Claude Eguienta and Paul Neuner, Telcoin aims to provide users with low-cost and high-speed digital remittances for e-wallets and mobile money platforms. The crypto mainly focuses on remittance markets. It leverages the power of blockchain to bring alternatives to remittance services that are faster and lower in cost.

For achieving these goals, Telcoin is working globally with the e-wallet and the mobile operators, which allows these to reach a broader range of users without any contact. People are allowed to access their money completely using their phones like any other decentralized crypto.

The idea behind the launch of Telcoin was that not everyone with smartphones has bank accounts. It aimed to make bank functionality available to people having smartphones but no bank accounts, making it the first blockchain-based platform to work with mobile telecoms.

Talking about the security and safety of the Telcoin wallet, we can say that Telcoin has both pros and cons. The platform is very transparent, which means that the company regularly provides all the information needed. They have an excellent team of support agents who respond to the queries instantly. The wallet owners can add the Face ID to increase the security of their wallets. One thing that is lacking is the 2-factor authentication, which might have added more to its safety.

Since its launch, Telcoin has gained a lot of attention because it potentially aims to bridge the gap between blockchain technology and the telecom industry. Telcoin can expect the buzz to get loud within the communities as more people have started to discover the coin.