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Eternal is a remittance focused coin operating in Japan, Korea, Philippines, and Hong Kong.Telcoin wants to create a blockchain-based payment system operated by telecom providers.

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Company Description

Eternal is a Japanese cryptocurrency project that consists of Eternal Coin (XEC) and Eternal Token (XET). The project appears to be primarily focused on remittance payments, but can also be used as a medium of exchange for other purposes. XEC holders receive weekly dividend payments, and can only be traded through the company's authorized exchanges. XET was created to allow users to trade XEC on other crypto exchanges. 1 XET=10 XEC.

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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