What problem does this service solve?

Connect Coin is designed to be used as a payment method for e-commerce .Telcoin wants to create a blockchain-based payment system operated by telecom providers.

Token Stats

Company Description

Connect Coin is an Ethereum based token that was created by a company in Tanzania called Cryptocurrency International. Their focus is on serving as an alternative payment method for e-commerce. They are also developing crypto debit cards called Connect Cards.

Telcoin is an Ethereum-based cryptocurrency that will be distributed by mobile network operators. Telcoin (TEL) plans on working with national telecom operators to distribute their currency. They hope that this distribution model will provide greater financial inclusion to un-banked communities, and will encourage cryptocurrency adoption. This is a similar strategy as MPesa, the mobile payment network created by SafariCom, that uses the telecom's provider's existing infrastructure to allow users to easily make payments with their mobile phones. Telecoin sees their platform as a complement to existing mobile money systems that will help drive cryptocurrency adoption.

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