Telcoin team new member!
We are very happy to introduce our new team members
Steven previously worked for four years in Google’s legal department, first as a legal associate and later as a business analyst. Prior to that, he attended the Monterey Institute of International Studies where he received his Masters in Japanese Translation and Localization Management. Steven is passionate for most things Japanese and will be an amazing fit at Telcoin.
“Telcoin offers an inspiring take on the cryptocurrency model. Not only am I excited to join such a talented and diverse group of individuals, but I also believe that Telcoin can have a real positive impact on the daily lives of people across the globe. I hope that I can help contribute to the success of the company and its mission.”
Welcome to Telcoin Steven !
Business trip in the Phillipines.
Claude and Eric recently went on a business trip to the Philippines and finished the submission for a Philippine remittance license to the country’s SEC (Securities & Exchange Commission).
This represents a huge step for Telcoin in order to get our remittance license in the country and move forward with our project over there. One of our main priorities is to stay compliant with all regulations and to make sure that we are working on legal grounds. This is why we are very cautious and meticulous when it comes to applications and making sure that we have all the necessary licenses. Given that this is one of the reasons cryptocurrencies get a bad rep, we want to make sure that regulators know we are willing to be compliant in as many ways they see fit.
We are very proud of our compliance department and the amazing work that they have done in such a short time (it can take up to a year to complete a submission , we did it in 4 months).
More will be shared as we move forward regarding licences and regulatory issues.
BRD wallet and imToken.
We are proud to announce new partnerships with both BRD wallet and IM token. Users will now be able to use their services to send, receive, and store TEL. We believe that both of them meet our basic security and functionality requirements for the best user experience. We are currently in talks with other companies in order for TEL to be accessible to as many people as possible, in the most convenient ways. This is a very exciting step for us to be able to offer our community different options to use TEL.
We updated our previous roadmap in order for you all to get a better sense of what we’re doing and what has changed. Our goals and mission remain the same. What has changed is mainly due to regulatory bumps along the road. The regulatory hurdles are as fierce as ever but we are confident in our stellar compliance team who will continue to work day and night for us to overcome those issues.
While the changes are small, we believe this update was much needed for our community.
Regulatory and Compliance
|Q3 2018||Initiate application for a remittance license in Nigeria.|
| ||Initiate application for any required authorization to operate |
in Tunisia, Algeria, Uganda, Kenya, Tanzania, Philippines,
Indonesia and other key cash-out markets.
| ||Initiate application for any required authorization to operate in Australia, Canada, Singapore.|
|Q4 2018||Reassess US and Japan after friendlier legal frameworks have been established or lobby with officially recognized SROs (Self Regulated Org) to influence policy.|
| ||Initiate application for any required authorization to operate in UAE pending crypto legal framework introduction.|
|Q1 2019||Telcoin Foundation is fully setup to airdrop coins in disaster zones and help with financial inclusion.|
| ||Telcoin serves remittances in 5 large corridors between Europe, Africa and Southeast Asia.|
| Q3 |
|Beta version of the Telcoin reference wallet on iOS with multi-signature transaction support.|
| ||Initiate integration process with cash-in and cash-out partner in at least one key market.|
| ||Get Telcoin multi-signature wallet audited by a third party.|
|Develop blockchain research and development plan for long term scalability and security.|
| ||Provide an API and documentation for partner wallets and applications to integrate with Telcoin, enabling transfers in and out of |
airtime, mobile money, and various carrier billing options.
| ||Telcoin users can cash-in and cash-out through a partner operator |
in at least one-key market.
| ||Release Telcoin Reference Wallet (iOS) in the App Store.|
| Q1 |
|Beta version of the Telcoin reference wallet on Android, allowing |
transfers in and out of mobile money to Telcoin.
| ||Telcoin provides an SDK for mobile operators to integrate Telcoin |
in their portal apps, using Telcoin as means of payments in Games and other apps, allowing for revenue-share.
| ||Release Telcoin Reference Wallet (Android).|
| ||Identify additional financial services and possible partners, including for micro-finance.|
| ||Beta support for feature phones.|
| ||Support of the Telcoin holding feature inside the telcoin API.|
|Initiate execution plan that came from blockchain research and |
development for long term scalability and security.
|Support of transfers between Telcoin and Mobile Money, including proof of concept demonstration for at least 3 countries.|
| ||Initiate integration of mobile money and airtime transfers in at |
least two partner wallets.
| ||Telcoin is available on a third large cryptocurrency exchange.|
| ||First partnership with a third party blockchain business.|
|Support of transfers between Telcoin and Mobile Money (cash |
in/cash out) in at least 3 countries, likely in Southeast Asia and
| ||Second partnership with a blockchain business.|
| ||Telcoin is now available on a fourth cryptocurrency exchange.|
| ||Carrier billing (prepaid & postpaid) production implementation for first operator.|
|Telcoin is integrated in the mobile app of a partner operator, |
allowing their users to buy and sell Telcoin in addition to being
able to perform cross-border remittances.
| ||Support of transfers between Telcoin and Mobile Money (cash in |
only) in at least 6 new countries.
|Telcoin Foundation project initiation with major aid/non-profit organization partner.|
| ||Support of transfers between Telcoin and Mobile Money (cash out) For the 6 countries supported in Q1.|
AMA with Claude
We would like to take the time to answer some of the questions from our community. Claude will go over several of the questions in depth which will hopefully answer many similar questions you all may have. If you watched the first AMA and feel like your questions have not been answered, please feel free to communicate them to us via Telegram, Reddit, Twitter (#QAtelcoin), or any means of communication that we have to offer before August first.
We will try to answer as much questions as possible. Also, if you’re not following us on our social media we encourage you to do so and be a part of our wonderful community (links below).
This is just the beginning and we want to thank you very much for being a big part of it.
Thank you for your constant support,