Telcoin today announced the successful completion of its Service Organization Control (SOC 2) Type I certification, independently audited by BD Emerson. Governed by the American Institute of Certified Public Accountants (AICPA), this rigorous examination confirms that Telcoin’s stringent security controls — including those related to infrastructure, employee access, training, risk management, and vendor oversight — are thoughtfully designed to meet the trust service criteria for security.

Beyond this formal attestation, Telcoin strengthens its security posture through continuous third-party penetration testing and comprehensive smart-contract audits. In collaboration with leading external security firms, the company conducts realistic attack simulations against its infrastructure, while its in-house blockchain experts perform regular, in-depth reviews of every contract prior to deployment. This multi-layered strategy keeps Telcoin aligned with industry best practices and prepared to address emerging threats.

By combining independent certification with proactive, ongoing security measures, Telcoin delivers unmatched confidence in the protection of digital assets. To learn more about our security program and how Telcoin can safeguard your digital ecosystem, visit trust.telco.in.

Available now, V4.0 lays the foundation for Digital Cash transactions and kicks off the next phase of the Telcoin Platform.

Today’s V4.0 release brings an updated user interface, including an all-new send flow that enables users in supported geographies to fund a remittance with their digital asset balance. More importantly, under-the-hood infrastructure upgrades that will power Digital Cash and our upcoming integration of Telcoin Bank, a Digital Asset Bank, have also been implemented.

Some of those upcoming V4.X features include adding improved bank and card rails and the ability to transact with and use multi-currency Digital Cash, to send to non-Telcoin users and global bank accounts, to request payments, and send to a vastly expanded set of recipient countries.

“We are entering a new exciting phase for Telcoin, becoming a regulated bank and building the Internet of Money,” said Paul Neuner, Telcoin Founder and CEO. “V4 is a foundational element of this vision, expanding Telcoin’s reach beyond the wallet itself and setting the stage for seamless banking integrations globally.”

We hope you’ll join us on our journey to make the Internet of Money a reality, with upcoming Digital Cash stablecoins and native 1:1 global rails that power seamless, borderless transactions for anyone with a mobile phone.

Download the Telcoin Wallet now: telco.in/install.html

Follow Telcoin on X: https://x.com/telcoin

Dear Telcoin Community,

In September, we were excited to receive notice from the Nebraska Department of Banking and Finance that our application to create Telcoin Bank, a Digital Asset Bank, was deemed complete. This marked a major milestone for our company and the entire blockchain industry, and had been in the works since we had the exciting opportunity to work with Congressman (then State Senator) Mike Flood on drafting the Nebraska Financial Innovation Act back in 2021. Telcoin is proud to be the first company to get to this point, and is now on the verge of becoming the first true crypto bank in the US, and the first regulated bank issuer of stablecoins, what we’re calling “Digital Cash,” in the world.

Digital Cash will become the backbone for future Telcoin Remittances, and aims to disrupt the US$160B stablecoin market, ultimately making crypto more usable by being mainlined into the global banking system. Telcoin Bank will also be able to offer a suite of innovative blockchain banking products as well as facilitate direct merchant payments. Notably, Telcoin Bank will become the first bank explicitly authorized to connect customers to DeFi and offer crypto staking services, bringing the world of DeFi into a legitimate regulated space.

The next step for Telcoin Bank is a December 5th public hearing, after which we hope to officially have the charter in early February. We are very excited to finally be at this stage, and appreciate everyone’s patience, trust, and continued support as always.

• Paul Neuner, Telcoin CEO

Telcoin at Flyover Fintech

After receiving notice that Telcoin Bank’s application had moved to the next step, we were thrilled to join the Department of Banking at Flyover Fintech in Lincoln, Nebraska. The event, hosted by Congressman Mike Flood, was also attended by Congressman Patrick McHenry, the Chairman of the Financial Services Committee, and Andy Barr, the Chairman of the Subcommittee on Financial Institutions and Monetary Policy (which oversees the Federal Reserve, FDIC and OCC). Paul participated in a panel discussion and spoke about, among many things, our company’s ambitions to become the first bank-issuer of stablecoins and what that means for the future of payments and “crypto banking” in the United States. You can watch Paul’s full panel presentation on our YouTube channel.

In addition to Paul’s panel, an ETF panel containing representatives from four major Bitcoin ETF providers (Blackrock, Grayscale, Fidelity, and Bitwise) revealed that three of them are using the same custodian — centralized crypto exchange Coinbase. That discussion made clear that a digital bank custodian, regulated by the Nebraska Department of Banking and Finance, would be a welcome addition to the market.

Telcoin Fundraise Launch

As mentioned in our last community update, we opened our pre-series A fundraise earlier this year to existing investor commitments needed for the Telcoin Bank application. We were able to quickly meet our needed commitment level to proceed with the application, and appreciate everyone’s support. As we now approach our December 5th public hearing, and expected charter approval during Q1 of 2025, we now feel the timing is right to officially open the round to new investors. We have also increased our maximum raise to US$50M, and plan to launch Telcoin Bank with US$22.6M initial capital as agreed with regulators.

Once again, if you’re a fund manager or accredited investor interested in joining us as we revolutionize mobile financial service, digital banking, and the technology of money, please fill out this form to express your interest and we’ll follow up with relevant documentation for those deemed eligible. Please note that interested US citizens must be accredited investors.

Building the Internet of Money with Digital Cash

With the dawn of the Internet, Milton Friedman predicted e-cash and the Internet of money, and we feel this is finally arriving. From V4 we will start to introduce Digital Cash (eXYZ) with a focus on providing as many people in the world as possible native 1:1 digital cash rails with banks, eWallets, and cash points globally. But ultimately we expect merchant payments to largely migrate to direct transfer of digital cash — the digital equivalent of handing a 20 dollar bill to a merchant. Telcoin Bank in the US is a foundational piece of the puzzle, but we aren’t holding back globally.

It has been a long time since our last Telcoin Wallet update, and we’ve spent that time laying the groundwork for our V4, which is now in testing. V4 supports Digital Cash and also allows non-app users to receive and use Digital Cash remittances. So we are excited to soon unleash a backlog of features, including Digital Cash and improved rails. One challenge with being more than just a wallet, and seeking global licensing, has been more app store scrutiny, which has required us to employ a fleet of global law firms to perform a country-by-country legal analysis for app stores. This also prevented us from updating our app recently, but we are now finally over that hurdle.

Note that as part of this evolution into V4, and as Telcoin seeks additional licenses and registrations around the globe on our mission to become the most compliant and trusted blockchain company in the world, we’ve had to make some changes to the global app availability, impacting a very small portion of our current user base. We will follow up shortly on the specifics, but generally consider any app store removals to be temporary while we complete local registration or obtain local legal opinions in those jurisdictions.

Telcoin Association Update: Telcoin Network Progress Report

An important part of our overall vision is the Telcoin Association’s Telcoin Network, an EVM-compatible blockchain network that global mobile telecom networks have the exclusive right to validate, thereby earning a unique new revenue stream that we believe one day will be a network service akin to switching calls and data packets. The Telcoin (TEL) token will be the native gas token of the Telcoin Network, which we hope will power the settlement of the majority of Digital Cash payments globally in the future.

The Telcoin Association’s commitment to building a secure, efficient, and inclusive financial ecosystem remains stronger than ever. Here are the latest developments and strategic directions for Telcoin Network from the First Platform and Treasury Council Meeting.

Comprehensive Security Measures and Audits

We have initiated a thorough selection process for auditors, focusing on identifying vulnerabilities through rigorous penetration testing. This testing is crucial as it ensures that attackers cannot access validator keys or hijack the consensus process. Although we maintain strong social governance, making a secondary audit on protocol consensus among validators a lower concern, we are proactive in addressing these aspects comprehensively.

Innovations in Protocol Safety and Liveness

The protocol’s architecture is better streamlined into modules focused on safety, such as voting and commit rules and liveness. This modular approach not only enhances security and simplifies integration but also allows for independent and parallel development on different modules. By integrating execution directly within the consensus flow, we can avoid forking issues common in leader-based protocols, streamlining network operations and enhancing protocol integrity at scale.

Dynamic Validator Sets and Network Security

A major advancement has been the specification of TNIP-2, which introduces dynamic validator sets. The proposal outlines how the protocol should implement dynamic validator sets to secure the blockchain. Rotating committees ensure that new nodes can join and participate in the network dynamically and fairly, which enhances the network’s overall security, decentralization, and resilience. The on-chain staking contract and consensus registry is designed and fully implemented. Wallets must obtain an NFT from the association in order to stake.

State Syncing Strategy

Nodes that are already part of the committee are able to sync before consensus rounds are garbage collected. This is an effective solution if nodes restart within a limited amount of time. However, a more robust syncing strategy is needed for nodes that are joining a network that has advanced for some amount of time (more than 32 rounds). Once this is fully implemented, anyone will be able to run a node and sync state with Telcoin Network.

Simplified User Client Design for Validators and Bridging

Instead of designing and building a separate light client protocol, the core protocol team believes repurposing a validator node client for bridging is the most effective short-term solution considering time, security, and engineering efforts. Observation clients are already required for new validators to join the network, so this allows us to solve two problems (bridging and new validators) with one solution.

Engagement with Mobile Network Operators (MNOs)

We are excited to report strong interest from some MNOs to join the network. These partnerships are in the design phase and are pivotal in demonstrating the practical applications and benefits of Telcoin Network in real-world settings.

Looking Ahead: Engaging the Councils and Community

As we proceed, we believe that engaging with the councils to determine the best approach for external audits and pilot programs with MNOs will be crucial. We value the community’s input and invite all stakeholders to join this discussion to help shape our strategy moving forward.

Our team is confident in the network’s current capabilities — fast, secure, and Byzantine Fault Tolerant. The focus now shifts to expanding the network to allow for dynamic participation by new nodes, ensuring that Telcoin Network remains at the forefront of blockchain innovation.

Thank you for your continued support and enthusiasm. Your engagement is essential as we move closer to realizing our vision of a decentralized financial future.

Other Events Recap

In addition to Paul’s big panel at Flyover Fintech in Nebraska, Chief Commercial Officer Rajesh Sabari was a speaker at the Allinial Forum in October. He also joined Singapore Fintech Festival in early November, one of the largest fintech industry events globally, where he attended a number of invite-only receptions and workshops including the GFTN Reception and Insights Forum for policymakers, regulators, and industry leaders.

EVP Jeff Quigley attended the annual Tech in Asia Jakarta conference in Indonesia in late October, which is among the largest gatherings of startups, tech media, and venture capital investors in the Southeast Asia region.

Telcoin was also slated to sponsor and present at the Inclusive Fintech Forum (hosted by the Monetary Authority of Singapore) and Mobile World Congress Africa, both in Rwanda, but unfortunately both events were postponed due to public health concerns. We’re looking forward to joining both of those once rescheduled and hitting the ground once again in Kigali.

New Telcoin Team Members

Richard Kay is Head of Compliance, International, at Telcoin. Richard has worked in the Financial Services Sector in the UK and across Europe. He has over 10 years experience working in FCA regulated businesses, including being Head of Compliance for the Wealth Department at Revolut. Richard also spent 3 years running the Compliance Team at Exmo Exchange, as part of his role, he worked with Crypto UK, helping to champion the growth and success of the Digital Asset Sector. Richard is a Chartered Fellow of the Chartered Institute for Securities & Investment (CISI).

Zachary Fontes joins Telcoin as Assistant Compliance Officer in the United States. He has been focused on working with the compliance team on all matters involving the cryptocurrency regulatory landscape. He previously worked within the Financial Intelligence Unit for the Private Bank division of Citigroup. Prior to Citigroup, he spent several years in law enforcement. He holds numerous professional certifications such as Certified Anti-Money Laundering Specialist and Certified Financial Crime Specialist. His experience will supplement the team in implementing its compliance program and staying on top of regulatory requirements.

Steven Stanfield joins Telcoin as a Rust Protocol Engineer based in the United States. He has over 30 years experience architecting and building innovative products and services for a variety of organizations. He has had the opportunity to work on DARPA projects, embedded devices, mobile apps, and security products. He has been working on blockchain development in Rust for the past three years and is currently part of the core team building Telcoin Network. Steven holds a bachelor’s degree in Computer Science from the University of North Florida.

Important Disclosures

The terms of the Telcoin’s Terms of Service available on www.telco.in control as to the use of Telcoin’s products and services. Telcoin does not guarantee any result and past performance is not indicative of future returns. Telcoin does not provide any type of advice to you and you should consult your own advisers as to whether to use Telcoin products and services. Telcoin customers and their accounts are not insured by the FDIC or any other government or entity. The information in this communication is provided for informational purposes and without a warranty of any kind. Telcoin does not represent, endorse, or warrant the timeliness, sequence, accuracy, or reliability of any such information. Telcoin shall not have any liability for any purchase or sell decisions based upon this communication. Digital assets are extremely volatile and risky. The goods and services offered by Telcoin may not be suitable for all customers. Nothing herein should be construed as an offer to buy or sell securities or a solicitation of an offer to buy or sell securities. Any investment may only be done through a private placement memorandum. Telcoin goods and services may not be eligible for sale in some states or countries. This communication may contain links or references to third party documents and websites which Telcoin does not control and thus is not responsible for their content. The owners, employees and affiliates of Telcoin may also buy, sell, or hold long or short positions in Telcoin goods and services for their own accounts. ©Telcoin 2024. All rights reserved.

Dear Telcoin Community,

Mobile World Congress 2024 in Barcelona last month was a resounding success and an appropriate way for us to kick off what promises to be a string of exciting releases throughout this year. A number of long term projects — related not to trading crypto but to the real-world usability of crypto — are finally converging and about to bear fruit.

The event last month marked my third MWC as CEO of Telcoin, and it was also my 10th or so overall since 2005, having previously been deeply involved in the telecom fraud and security space. It’s always been a huge, at times overwhelming, conference with roughly 100,000 attendees from every corner of the globe and thousands of exhibitors spread across dozens of interconnected halls. But this time felt different.

Taking a step back, at MWC 2022 (and to some extent — even after the big crypto collapses — MWC 2023), fintech and blockchain were the talk of the town. From the giant mobile operator booths in halls A and B to the tiniest one-person stands in the 4YFN startup area, companies were showing off payment systems and digital asset services. Telcoin, despite not even having a booth, managed to draw attention for our ideas about how compliant, user-owned blockchain products could benefit a global user community and empower operators with the next-generation of fintech services. But in the context of MWC and the telecom space specifically, we were still very much in the ideas stage. We had a functioning DeFi wallet, a powerful liquidity engine, an incredible global community, and had connected to most global telecom mobile money wallets for remittance — but the direct involvement of telecoms in blockchain was still limited.

This year, everything felt different. Now that clearer regulation exists for digital assets, telecoms are suddenly way more willing to pilot real digital asset projects. This turned out to be perfect timing to release Telcoin Network and Digital Cash — and they were no longer ideas, but something we were able to physically demo at our first ever conference booth. Actually showing live tokens moving on the Telcoin Network blockchain was a powerful way to let everyone at the conference know that we have not only persevered, but are on the verge of revolutionizing how the telecom industry enables instant, low cost, always-on money transfers on a truly global scale.

Telecoms that we spoke to are starting to realize that the most important factor for them when it comes to running a distributed ledger is for it to be on a blockchain that only mobile telecoms can process blocks on and earn transaction (gas) fees from. Processing blocks will become a network service just like switching phone calls, text messages, and data packets. Why would a telecom want to run anything on a blockchain run by third-party miners when they could run it themselves as an industry consortium? The main difference now — apart from increased regulatory clarity and less hype — is that telecoms finally understand how distributed ledger technology can work for them to expand the scope of their network offering and run the internet of finance as a network service.

We are very excited about 2024 and what the coming months will bring. Things are converging for Telcoin as the market in general has picked up, and we are also launching a fundraise to complete our banking project and fully capitalize on the amazing position we find ourselves in as a company, ecosystem, and community. Please stay tuned and thank you all very much for your continued interest and support.

• Paul Neuner, Telcoin CEO

Mobile World Congress 2024 recap

Without a doubt, Telcoin’s (and Telcoin Association’s) MWC showing this year was its most impactful to date. The booth in the conference’s startup-focused hall, 4YFN (short for “four years from now”), was a major hit that provided the perfect jump-off point for the conference at large. We were strategically positioned next to the European Union Innovation Council, the SK Telecom startup delegation, and a cafe — generating a lot of foot traffic from curious visitors, potential partners, investors, and a surprising number of existing Telcoin users.

Rajesh did an incredible job on stage as usual, discussing the merits of Telcoin Network and our upcoming Digital Cash product. He was joined by co-panelists from JP Morgan, Santander Bank, and Mento Labs — lending instant credibility to what Telcoin is building. This year’s stage was significantly larger than last year’s, despite the shifting focus at the conference from blockchain and fintech to AI, and the seating was packed.

The Telcoin team was able to meet a number of major operators from across the globe, including Orange, Vodafone, Deutsche Telekom, Viettel, NTT Docomo, Telefonica, e& (Etisalat), SK Telecom, Omantel, and many more. We were excited to share updates on Telcoin Network validation and Digital Cash remittances, and follow-up discussions are currently in progress. We also had a live demonstration of both in our booth, which was very impactful versus the hype of “crypto ideas” in the past.

Telcoin dominated the #4YFN hashtag on X for the second year running — and was often the top trending company overall using the #MWC24 hashtag. That’s no small feat given that the event hosted some 2,000 exhibitors including the likes of Samsung, Google, Huawei, and dozens of the leading telecoms globally. In the period including MWC, Telcoin’s X impressions increased a whopping 134 percent to more than 1.02 million. We owe much of the success on social media to our incredible global community — it wouldn’t have been possible without the Telfam’s support!

Digital Cash is coming to the Telcoin App

As you probably noticed from our big reveal at MWC, Telcoin is preparing for one of the most important product releases in our history: Digital Cash. Digital Cash embodies our vision for what a stablecoin should be — the digital equivalent of handing someone physical Dollars or Euros or whatever local fiat currency you and your loved ones use in your daily life.

In the near term, Digital Cash will underpin Telcoin’s next-generation remittance services, support multi currency payments, and power on-chain forex for Telcoin App users. Further down the road, Digital Cash will also enable treasury management and inter-carrier settlements for our telecom partners.

Digital Cash tokens are fully backed and 1:1 redeemable stablecoins, focused on the remittance and telecom industry use cases. The plan is to release the first batch of Digital Cash tokens in the Telcoin App this Spring. As with all assets held in Telcoin App wallets, Digital Cash tokens will come with the peace of mind of assisted self custody.

Digital Cash will initially launch in pilot mode, with functionality limited to storing, sending, and trading within the Telcoin App. It will soon be central to our revamped remittance flow in V4 (see more below). We will be sharing more details about Digital Cash in an upcoming public announcement, so keep an eye on Telcoin’s social media channels and Discord server!

Telcoin Association Update Featuring the TAO

Following the unprecedented, unanimous approval by the TEL community in the TGIP1 vote for the new Telcoin Platform and governance system, we are diligently advancing the implementation of the new infrastructure for miners’ participation. This involves driving ecosystem development alongside the GSMA, while also ensuring the full legal formation and operational capability of the Telcoin Association.

We are thrilled about the successful migration of liquidity by miners on TELx to the new marketplace network and staking contracts, and eagerly anticipate the release of application layer TEL issuance, followed by the inaugural Telcoin Association Miner Council election! Once the TEL issuance systems are live on Telcoin Application Network (“TAN”) and the TAO (Telcoin Association Operations — the operational unit of the Telcoin Association) can adequately finance its expenses, we will provide updates related to the Platform and Association through our own channels, including the @TelcoinTAO X account.

Moreover, once the five Miner Councils are elected, they will independently control Telcoin Association communications related to their jurisdictional domains of the system and its governance institution. We are excited to share updates concerning the Telcoin ecosystem, our facilitation of the Telcoin Platform implementation, and our efforts to enable the Association to self-organize, ensuring community autonomy.

TELx: Successful Migration

As a result of TGIP1, the existing TELx markets and staking contracts were replaced with six new Balancer V2 pools. We are pleased to announce the successful migration of liquidity to the new marketplace by miners, with nearly 1.6B TEL (~US$8M at current prices) total liquidity across the network in its first month of operation under the new TELx harvesting rules.

Visit TELx.network to explore the TEL liquidity mining opportunities available on the Telcoin Platform now!

Telcoin Platform: Audit Complete and Implementation Underway

The Telcoin Platform code has undergone a formal audit by Sherlock. We are excited to proceed with the implementation and launch of TEL systems on the Telcoin Application Network (TAN), enabling Stakers and Application Developers to harvest TEL based on their adoption of the Telcoin Platform.

Upon release, Stakers on Telcoin mobile applications will commence harvesting TEL, followed by Developers in accordance with the TAN harvesting rules. These rules are designed to incentivize application layer miners, Application Developers and Stakers, to foster the development and adoption of the Telcoin Platform as shared infrastructure for mobile financial services. Subsequently, with the formation of these three Miner Groups, the Telcoin Association’s inaugural Miner Council Election will commence!

At this juncture, the Telcoin Platform and governance will be operational, with the Telcoin Association officially self-organized by the Miner communities, thus enabling the ecosystem to scale globally. We will provide advance notice once the TAN systems are ready for launch.

Telcoin Network: Steady Progress on All Fronts

The TAO team is hard at work, making consistent progress in developing Telcoin Network. Our focus remains on enhancing the network’s capabilities, ensuring it remains secure, scalable, and user-friendly. We’re committed to building a platform that not only meets but exceeds the expectations of our users, telecoms, and the broader community.

At MWC, the Telcoin team had the opportunity to showcase the Telcoin App’s capabilities by sending transactions on Telcoin Network. The transactions were executed seamlessly, finalizing quickly and without any issues, demonstrating the network’s efficiency and reliability. Moreover, the gas fees associated with these transactions remained very low, underscoring our commitment to providing a cost-effective solution for our users.

In our journey toward continuous improvement and transparency, we are excited to announce that Telcoin Network will soon launch its first public testnet, named “Adiri.” This significant step forward will allow us to test new features, gather valuable feedback from the community, and ensure the network’s robustness and scalability. The Adiri testnet represents a pivotal moment in our development process, bringing us closer to our vision of a fully decentralized financial system.

The launch of Adiri testnet is just the beginning. We have big plans for Telcoin Network, including further enhancements to network performance, security, and user experience. We encourage our community to participate in the testnet, as your feedback will be instrumental in shaping the future of Telcoin Network.

Legal & Org: Facilitating Entity Formation, Administration, and Autonomy

The Telcoin Association has been formally created. We are currently in the process of filing notarized documents with the Commercial Registrar in Lugano, Switzerland to obtain Telcoin Association’s identification number. This will then be used to complete the formation of the Telcoin Association Operations entity, which will be Telcoin Association’s operational arm. We expect that these tasks will take another month to complete, but cannot provide a firm timeline.

Learn more about the Telcoin Platform and Association at Telcoin.org!

Bank project update

Of all our long-term projects, the most foundational is our banking project. Our years-long endeavor to become a regulated bank in the United States, and the first regulated bank issuer of stablecoins in the world, has reached its final approval stage. We believe that this project’s ability to create durable and trusted connections between digital assets and traditional banking holds the key to making crypto truly usable for the masses.

While most crypto firms quickly rushed into third-party banking and card programs — often with problematic banks — we’ve always felt that the longer path of building a proper native banking foundation ourselves was the most viable strategy.

We appreciate your patience and understanding during this sensitive journey, which has involved numerous legal considerations regarding what we can share publicly. However, please know that we are nearing a point where we can share more information.

Laying the groundwork for V4…

The pending introduction of Digital Cash is more than just a major milestone in Telcoin’s journey to revolutionize remittances — it’s a prerequisite to a completely new and improved user experience for Telcoin App users that will arrive in V4. The next version of our app is all about scaling access to Telcoin services and expanding functionality beyond fiat remittance and DeFi trading. The goal has always been to bring those two worlds together, and we can’t wait to show everyone what that is going to look like.

We’re working on several projects that will enable us to quickly spread Digital Cash to new markets and offer reliable on- and off-ramps — and in the future, a number of additional Digital Cash currencies. Beyond commercial partnerships, Telcoin has also been working directly with regulators in key geographies to demonstrate the ability of Telcoin Network and Digital Cash to promote financial inclusion and a best-in-class digital remittance experience for diaspora communities.

As we continue to push forward toward V4, please note that we are also in the process of implementing a major upgrade to our compliance system that requires some users to re-KYC in the Telcoin App over the coming days and weeks. We’re also migrating to a new cloud provider that supports banking-grade infrastructure and security while boosting app performance and lowering latency. This will necessitate downtime, which we will announce ahead of time and provide more details on soon. These enhancements are paving the way for big things to come!

Telcoin formally opens pre-series A equity financing round

To aid our rapid growth and put us in the best position to launch the upcoming bank project, the company has opened its latest round of equity financing following a successful US$10M seed round in 2021. Telcoin is targeting a raise of US$30M for its pre-series A round — US$10M of which will be used to capitalize the bank project.

If you’re a fund manager or private investor interested in joining us as we revolutionize mobile financial service, digital banking, and the technology of money, please fill out this form to express your interest and we will follow up with relevant documentation for those deemed eligible. Please note that interested US citizens must be accredited investors.

New Telcoin job openings

Speaking of growth — Telcoin is actively recruiting for a number of roles in the United States, United Kingdom, and Australia that will help us scale to the next level and achieve household name status for remittances, user-owned DeFi products, and beyond. Check out our current job postings at the following link: https://www.telco.in/jobs

Important Disclosures

The terms of the Telcoin’s Terms of Service available on www.telco.in control as to the use of Telcoin’s products and services. Telcoin does not guarantee any result and past performance is not indicative of future returns. Telcoin does not provide any type of advice to you and you should consult your own advisers as to whether to use Telcoin products and services. Telcoin customers and their accounts are not insured by the FDIC or any other government or entity. The information in this communication is provided for informational purposes and without a warranty of any kind. Telcoin does not represent, endorse, or warrant the timeliness, sequence, accuracy, or reliability of any such information. Telcoin shall not have any liability for any purchase or sell decisions based upon this communication. Digital assets are extremely volatile and risky. The goods and services offered by Telcoin may not be suitable for all customers. Nothing herein should be construed as an offer to buy or sell securities or a solicitation of an offer to buy or sell securities. Any investment may only be done through a private placement memorandum. Telcoin goods and services may not be eligible for sale in some states or countries. This communication may contain links or references to third party documents and websites which Telcoin does not control and thus is not responsible for their content. The owners, employees and affiliates of Telcoin may also buy, sell, or hold long or short positions in Telcoin goods and services for their own accounts.

©Telcoin 2024. All rights reserved.

As a show of our deep gratitude for all of the recent support, Telcoin has decided to extend the December Holiday Promo through the end of January! Users who participated in the original promo period last month have already been airdropped TEL equivalent to their cash-in fees for December, and users who join the extended campaign (including those who have made a USDC deposit with Transak since Telcoin App services resumed) will receive a TEL airdrop in February.

Fully registered users in supported markets can deposit USDC into their Telcoin App using Transak as the payment method (debit card or bank account, depending on jurisdiction). The sum of their cash-in fees for the month of January, shown on the confirmation screen of the deposit process (see below), will be the amount reimbursed in TEL.

Users can see their Transak cash-in fees in the “Confirm Deposit” screen next to “Fee.” In the example above, US$9.37 equivalent in TEL would be eligible for reimbursement.

The total dollar amount of all accrued fees will be used to determine the TEL equivalent, based on the price of TEL at the end of the new promo period. TEL will then be airdropped to participating users during the month of February.

Not yet a Telcoin user? Download the Telcoin App today and you too can benefit from no-cost USDC cash in for the entire month of January! The Telcoin App is puts the power of DeFi at your fingertips and on the go, wherever 2024 may take you.

Telcoin for iOS: apple.co/3QAsM8W

Telcoin for Android: bit.ly/3tWqmYv

Learn more about all things Telcoin at www.telco.in and follow us on Twitter/X, Telegram, and Discord for the latest updates!

Please read below for full terms and conditions. The Telcoin team is grateful for your support, and we wish you all the best in this new year and beyond!

Telcoin Holiday Promo — Extension 2024 Terms and Conditions

1. This is a limited time offer. Between the dates of January 1st and January 31st 2024, Telcoin customers who deposit funds into the Telcoin App via Transak will have all direct Transak deposit fees reimbursed in TEL.

2. Only deposits will be eligible for promotional rebates. Deposits must be made in USDC. All rejected/declined transactions will not be eligible for reimbursement.

3. Users must reside in an eligible region or location that supports Transak deposits.

4. Users must receive the deposited funds in their Telcoin wallet to have that transaction qualify for reimbursement.

5. Promotion is limited to US$500 equivalent in TEL reimbursement, per Telcoin App account. Deposit amounts are unlimited, up to the Transak monthly maximum. Please refer to Transak Terms and Conditions in your individual jurisdiction.

6. All reimbursements will be made in whole TEL rounded up to the nearest equivalent value.

7. The TEL reimbursement rate shall be as stated on Coingecko.com on February 1st, 2024 12:00am UTC, but Telcoin reserves its right to change the reimbursement methodologies and reference rate in its reasonable discretion.

8. All reimbursements will be airdropped in the user’s Telcoin App wallet via airdrop after the promotion finishes on February 8, 2024 or as of a reasonable date thereafter.

9. Recipients are responsible for all associated taxes and costs including, without limitation, gas fees.

10. Transaction details will not be shared publicly.

11. Offer only applies to valid Telcoin customers who are in compliance with Telcoin policies including, without limitation, passing required Know Your Customer (“KYC”) requirements.

12. Offer may not be combined with any other offers, discounts or promotions.

13. Offer is non-transferrable and may not be resold.

14. Offer good while allocated supplies last.

15. Customers agree to the use and processing of their information for processing the offer and regulatory purposes.

16. Users must be at least 18 years old prior to the date of the commencement of the offer.

17. Any violation of the offer terms and conditions will invalidate and void the offer.

18. Telcoin reserves the right to modify or cancel the offer and/or any of its terms at any time with or without notice.

19. Offer void where prohibited. Without limiting the foregoing, this offer is not valid in the United Kingdom or to residents of the United Kingdom.

20. This offer is subject and in addition to Telcoin’s Terms and Conditions available at https://www.telco.in/terms-of-use.

Along with the release of the Telcoin Association comes the ability for Telcoin users to get directly involved with decision making about the future of the Telcoin Platform. As we approach our first vote to accept and ratify the Telcoin Association Constitution — or TGIP1 — it’s important to understand how voting with your Telcoin (TEL) tokens works. This guide will first provide context about the TGIP1 process, and then explains several scenarios for how you can vote based on where your TEL is stored.

What is TGIP1?

TGIP1 proposes the next generation of the Telcoin Platform and governance system for the Telcoin community to democratically approve, adopt, and cryptographically ratify the Telcoin Association Constitution and the systems further described and defined within the Telcoin Association documentation.

Proposal and Voting Process

TGIP1 follows a three-step process:

1. Voting Instructions Released

• TEL Delegation: In order to vote, mobile app users must delegate their voting power to an external, snapshot compatible wallet address.
• TEL Transfers: In order to vote, custodial (e.g. centralized exchange) TEL holders must transfer their tokens to an external, snapshot compatible wallet address.
• Date: Wednesday, December 13th, 2023

2. TGIP1 Informal Proposal

• Forum Proposal: Telcoin Holdings will submit the forum TGIP1 proposal for the community to review the new system, provide comments, and prepare their TEL to vote in the formal snapshot vote.
• Date: Friday, December 16th, 2023

3. TGIP1 Formal Proposal

• Snapshot Proposal and Vote: Telcoin Holdings will submit the formal TGIP1 proposal to the Council of Rivendell snapshot for TEL voters to approve the new system democratically and ratify the Telcoin Association cryptographically.
• Date: Thursday, Dec 21st, 2023 at 9:27 PM CST
• Duration: 7 days

Where and When?

• Voting Channel: https://snapshot.org/#/councilofrivendell.eth
• Proposal Date: Thursday, Dec 21, 2023 at 9:27 PM CST
• Voting Ends: Thursday, Dec 28, 2023 at 9:27 PM CST

Sources of Voting Power

• Ethereum TEL balances
• Polygon TEL balances
• Staked and Earned TEL on the Telcoin Application as part of the Stake and Refer program
• TEL in TELx pools:
  - LP tokens*
  - LP tokens staked on TELx*
  - Accumulated TEL rewards on TELx
  - TEL/BAL and TEL/BAL/USDC staked on Balancer will also be accounted for

* All TELx liquidity miners may vote on the proposal based on their total liquidity positions. For example, if a liquidity miner has a position in an 80/20 TEL/X pool, their 80% TEL position is added to the TEL equivalent of their 20% contribution.

Note also that TEL held on exchanges that custody user funds can not be counted. If you want to vote with TEL held on an exchange, you must withdrawal it to a self-custodial wallet.

Before voting, you have to either delegate Telcoin App voting power, connect an existing wallet holding TEL, or both. Think of these first steps as registering to vote before actually casting your ballot.

Decision-making Rules

• Approval Rate: Simple majority
• Quorum Threshold: None required
• Duration: 7 days

How to Cast Your Vote

Please be aware that voting is directly tied to the point in time on the blockchain that the vote is created — thus it is important to make sure that all of your liquidity positions, your TEL balance, and any delegations are set up prior to the vote’s release. Changes made after the vote is live will not be reflected — so if you move tokens around between casting your vote and the vote being tallied, only the balances showing at the moment the vote is created will be counted.

How to Delegate Voting Power to an External Polygon Wallet using the Telcoin Application

Users who hold TEL on their Telcoin Application cannot vote directly from the app itself, so they must delegate their voting power to an external Polygon wallet. In effect, delegating your TEL to an external wallet adds your TEL balance on the app to whatever TEL balance (if any) is held on the external wallet. If you only hold TEL on the app and you don’t possess an external wallet compatible with snapshot, you can easily create one using MetaMask — which supports Polygon and costs nothing.

Delegate your Telcoin App voting power to an external wallet by doing the following:

1. Open the Telcoin App and tap on your Account icon at the bottom right corner of the screen.

2. Tap on “Vote with TEL,” just below your profile icon, name, and phone number.

3. Tap on “Select Polygon Address” and then “Add Address” on the popup.

4. Input your external address from MetaMask — you can give the wallet a nickname and then either manually enter the address or tap the QR code icon to scan the wallet address. To do this in MetaMask, simply click the three dots at the top right of the MetaMask browser extension, then “Account Details” to reveal the QR code.

5. Tap “Add Address.” Tap the back arrow and confirm that your newly delegated address now appears in the drop-down menu beneath “External Voting Address.”

6. You can add additional addresses or remove an address by tapping on the drop-down and selecting “Add Address” or tapping the “X” next to an existing address.

How to Connect a MetaMask Wallet with Snapshot

Snapshot is an online voting platform that allows web3 communities like DAOs and DeFi protocols to vote with their token holdings. Telcoin utilizes Snapshot for recording voting on Telcoin Association governance proposals. Snapshot votes happen off chain and do not incur any gas fees for the voter.

It is recommended that you install and use MetaMask in your browser to vote with Snapshot, but a number of other options are also available, including Ledger (via WalletConnect) and Coinbase Wallet. Skip to the last section of this guide for instructions on voting with a Ledger device.

After navigating to the Telcoin Governance space on Snapshot, click “join” and follow the steps below to connect your MetaMask wallet:

1. Click on “MetaMask” in the “Connect Wallet” popup.

2. Ensure you have the MetaMask browser extension installed. If MetaMask doesn’t open automatically, click on the orange fox icon in your browser’s navigation bar to open it.

3. Beneath “Connect with MetaMask,” ensure the appropriate account (or accounts) holding TEL is checked. Note that you can include accounts holding both Ethereum TEL and Polygon TEL. Click “Next.”

4. Check the address on the next screen and grant approval to Snapshot by clicking “Connect.”

5. You’re connected! Go back to Snapshot to cast your vote.

Cast your Vote

After you’ve connected your wallet with Snapshot, navigate to the Telcoin Governance space and click on the proposal you wish to vote on.

1. Beneath “Cast your vote,” choose “Yes” or “No.” Click “Vote.”

2. Confirm your decision and see your TEL voting power in the “Cast your vote” popup. You can enter a reason for your vote choice if you wish. Click “confirm” to submit your vote.

3. MetaMask will open with a “Signature request” screen. If MetaMask doesn’t open automatically, click on the orange fox icon in your browser’s navigation bar. Confirm the details and click “sign” to cast your vote.

4. A popup will appear in Snapshot confirming that “Your vote is in!” Congratulations! Feel free to share that you’ve voted on Twitter, or simply click the “Close” button.

How to Connect and Vote with a Ledger hardware wallet

Follow these steps to connect your Ledger wallet to Snapshot and submit your vote:

1. Click on “WalletConnect” in the “Connect Wallet” popup.

2. On the “WalletConnect” popup, click “Ledger.”

3. Ensure you have Ledger Live installed on your computer. You should see a popup appear that says “Continue in Ledger Live” followed by a browser popup that says “Open in Ledger Live?” Click “Open Ledger Live.”

4. In Ledger Live, a screen will appear that says “Connect to Telcoin Governance Proposal: [Proposal Name].” Check the boxes for any wallets containing TEL.

5. Go back to Snapshot. Beneath “Cast your vote,” choose “Yes” or “No.” Click “Vote.”

6. Confirm your decision and see your TEL voting power in the “Cast your vote” popup. You can enter a reason for your vote choice if you wish. Click “confirm” to submit your vote.

7. A browser popup will once again ask you to click to “Open Ledger Live.”

8. Back in Ledger Live, a “Sign message” popup will appear. Confirm the details and click “Continue.”

9. Connect and unlock your Ledger Device and follow the prompts to “Sign message” and cast your vote.

10. A popup will appear in Snapshot confirming that “Your vote is in!” Congratulations! Feel free to share that you’ve voted on Twitter, or simply click the “Close” button.

Thank you for contributing to the future of the Telcoin Platform by getting involved in Telcoin Governance!

If you have any questions about the voting process or wish to cast a vote with a different wallet type or safe, please check the additional resources below or contact Telcoin Support for assistance.

Additional resources:

Snapshot User Guide (Voting): https://docs.snapshot.org/user-guides/voting/vote#cast-a-vote

MetaMask Start Guide: https://support.metamask.io/hc/en-us/articles/360015489531-Getting-started-with-MetaMask

Add Polygon to MetaMask Guide: https://wiki.polygon.technology/docs/tools/wallets/metamask/config-polygon-on-metamask/

Telcoin Association Documentation: https://www.telcoin.org/documentation

Telcoin Association Governance Forum: https://www.telcoin.org/forum

Telcoin on Twitter/X: https://twitter.com/telcoin

Telcoin Support: https://www.telco.in/support

Telcoin is spreading holiday cheer this December by offering full rebates on all Transak cash-in fees, to be reimbursed via TEL airdrops to participating users. It’s our small way of saying thanks to new and existing Telcoin users across the globe as we ring in the festive season and look forward to an exciting 2024!

Fully registered users in supported markets can deposit USDC into their Telcoin App using Transak as the payment method (debit card or bank account, depending on jurisdiction). The sum of their cash-in fees for the month of December, shown on the confirmation screen of the deposit process (see below), will be the amount reimbursed in TEL.

The total dollar amount of all accrued fees will be used to determine the TEL equivalent, based on the price of TEL at the end of the promo period. TEL will then be airdropped to participating users during the month of January.

Not yet a Telcoin user? Download the Telcoin App today and you too can benefit from no-cost USDC cash in for the entire month of December! The Telcoin App is your trusted home for digital asset trading on DeFi with the peace of mind of assisted self custody — all at your fingertips in a simple and intuitive mobile application that can be used whether you’re home for the holidays or celebrating from afar.

Telcoin for iOS: apple.co/3QAsM8W

Telcoin for Android: bit.ly/3tWqmYv

Learn more about all things Telcoin at www.telco.in and follow us on Twitter/X, Telegram, and Discord for the latest updates!

Please read below for full terms and conditions. Wishing you and yours a very happy holiday season from all of us at Telcoin!

Telcoin Holiday Promo 2023 Terms and Conditions

1. This is a limited time offer. Between the dates of December 1st and December 31st 2023, Telcoin customers who deposit funds into the Telcoin App via Transak will have all direct Transak deposit fees reimbursed in TEL.

2. Only deposits will be eligible for promotional rebates. Deposits must be made in USDC. All rejected/declined transactions will not be eligible for reimbursement.

3. Users must reside in an eligible region or location that supports Transak deposits.

4. Users must receive the deposited funds in their Telcoin wallet to have that transaction qualify for reimbursement.

5. Promotion is limited to US$500 equivalent in TEL reimbursement, per Telcoin App account. Deposit amounts are unlimited, up to the Transak monthly maximum. Please refer to Transak Terms and Conditions in your individual jurisdiction.

6. All reimbursements will be made in whole TEL rounded up to the nearest equivalent value.

7. The TEL reimbursement rate shall be as stated on Coingecko.com on January 1st, 2024 12:00am UTC, but Telcoin reserves its right to change the reimbursement methodologies and reference rate in its reasonable discretion.

8. All reimbursements will be airdropped in the user’s Telcoin App wallet via airdrop after the promotion finishes on January 8, 2024 or as of a reasonable date thereafter.

9. Recipients are responsible for all associated taxes and costs including, without limitation, gas fees.

10. Transaction details will not be shared publicly.

11. Offer only applies to valid Telcoin customers who are in compliance with Telcoin policies including, without limitation, passing required Know Your Customer (“KYC”) requirements.

12. Offer may not be combined with any other offers, discounts or promotions.

13. Offer is non-transferrable and may not be resold.

14. Offer good while allocated supplies last.

15. Customers agree to the use and processing of their information for processing the offer and regulatory purposes.

16. Users must be at least 18 years old prior to the date of the commencement of the offer.

17. Any violation of the offer terms and conditions will invalidate and void the offer.

18. Telcoin reserves the right to modify or cancel the offer and/or any of its terms at any time with or without notice.

19. Offer void where prohibited. Without limiting the foregoing, this offer is not valid in the United Kingdom or to residents of the United Kingdom.

20. This offer is subject and in addition to Telcoin’s Terms and Conditions available at https://www.telco.in/terms-of-use.

This major release sets the stage for community-led governance of Telcoin and comes alongside the launch of the Telcoin Network testnet and new websites for both.

Today marks a foundational milestone in the evolution of Telcoin into a truly decentralized platform bringing blockchain-powered mobile financial services to telecoms and their subscribers globally. The launch of the Telcoin Association, a non-profit organization whose mission is to represent the interests of GSMA Mobile Network Operators (MNOs) and other stakeholders in maintaining and developing the Telcoin Platform, sets the stage for Telcoin products to reach — and directly benefit — every mobile phone user in the world. It also coincides with the testnet launch of Telcoin Network, an EVM-compatible blockchain secured exclusively by GSMA MNOs, designed specifically for powering affordable, secure, and user-owned mobile financial services — or “MFS 2.0.”

The Telcoin Association website provides detailed information relating to who can get involved and how (Miners), the complementary systems that make Telcoin’s next-generation financial services possible (the Telcoin Platform), the processes and rules that make it all work (Governance), and the various ways each of these aspects come together and interact with each other. Alongside the documentation is a Governance Forum, where users can sign up to both submit and vote on governance proposals that will direct the future of the Telcoin Platform and its mission of spreading financial inclusion on a global scale.

Telcoin Association website: https://telcoin.org

The Telcoin Association documentation describes the many aspects of the ecosystem and legal frameworks for making decentralized governance official. Another important function of the website is to serve as a guide for GSMA MNOs and other members wanting to participate as network validators and application developers. At its core, the Telcoin Association is a blockchain consortium that brings together the most distributed industry in the world as a natural fit for running distributed ledgers as a network service.

Telcoin Network is the first blockchain to cater specifically to MNOs and their unique needs and strengths. It is the first and only blockchain to be exclusively validated by telecoms — only GSMA MNOs can earn gas fees. This unlocks major new revenue opportunities for MNO participants, while also setting the stage for future blockchain-powered financial services — including stablecoin remittances, inter-carrier settlements, tokenized loyalty programs, and other next-generation decentralized applications.

The website releases coincide with Telcoin’s participation as event sponsor at Mobile World Congress Africa 2023 in Kigali, the largest gathering of the telecom industry in Africa, which takes place this week. The Telcoin commercial team is on the ground in Rwanda sharing the news with MNOs, mobile money platforms, and central bankers from across the continent. Interested parties inside and outside of the conference can sign up for more information on the Telcoin Network website.

Telcoin Network website: https://telcoin.network

Telcoin Association Overview

As you read through the Telcoin Association documentation, it’s important to understand the broader context of what it encompasses and why we are eager to share it with the world after more than three years of putting the pieces together. Telcoin Association aligns MNOs, their suppliers, and their subscribers around a unified Telcoin Platform system, a suite of blockchain services, the TEL token, and a robust, community-owned governance system that harmonizes traditional legal structures with the ethos of decentralization. The following serves as a broad overview that we hope will act as a primer before diving into the documentation, learning about the inner workings of the Association, and becoming an active participant in governance.

Miners: The Primary Actors in the Telcoin Platform Ecosystem

Miners — including Stakers, Developers, Liquidity Miners, and Validators — are the driving force behind the Telcoin Platform. Each Miner Group plays a unique role in the production of the Telcoin Platform, harvesting TEL for completing various actions. Miners propose and vote with others in their Miner Group in Telcoin Platform governance based on the TEL they have staked on the Platform.

• Validators: GSMA Operator Members secure the Telcoin Network blockchain, earn TEL gas fees, harvest TEL issuance, and represent their interests in governance with others in their Miner Group based on their TEL staked on Telcoin Network.
• Liquidity Miners: TELx users provide exchange liquidity to decentralized financial markets on TELx, earn exchange fees, harvest TEL issuance, and represent their interests with others in their Miner Group in governance based on their liquidity staked on TELx.
• Application Developers: All GSMA Members, not only MNOs, can develop decentralized applications (dApps) on the Telcoin Application Network (TAN). Developers earn transaction fees, harvest TEL issuance, and represent their interests in governance with others in their Miner Group based on their TEL staked on TAN.
• Stakers: All ecosystem participants can stake TEL, earn from merchant acquisition and referrals, harvest TEL issuance, and represent their interests in governance with others in their Miner Group based on their staked TEL.

Telcoin Platform: The System and its Components

The Telcoin Association maintains and develops four principal components of the Telcoin Platform. The components are complementary and form a decentralized value chain designed to facilitate mobile access to decentralized financial products and blockchain services.

• Telcoin Network: An EVM-compatible, public blockchain secured by GSMA Operator Members globally utilizing proof-of-stake consensus.
• Telcoin (TEL) Token: The Telcoin (TEL) Token is the native token of the Telcoin Platform, and the gas fee token of the Telcoin Network.
• TELx DeFi Exchange: A decentralized financial marketplace produced by liquidity miners, enabling on-chain, self-custodial exchange.
• Telcoin Application Network (TAN): A network of mobile applications produced by GSMA members that facilitate user access to services across the Telcoin Platform.

Governance System: Decentralization, Empowerment, and Legal Representation

The Telcoin Platform’s governance system incorporates theories and frameworks for collective management of common pool resources, and applies that to a blockchain consortium centered around the GSMA and its membership. It is constituted, represented, and legally protected by the Telcoin Association, a Swiss Verein domiciled in the Canton of Ticino in the City of Lugano, Switzerland.

Telcoin Platform governance is a polycentric, democratic system of self-governance where the four Miner Groups, through various organizations, collectively share equal power and control over the rules governing interactions within the Telcoin Platform and its governance system.

Decentralizing Telcoin: The Process

The transition of governance from Telcoin Pte. Ltd. to the community begins with this initial release and culminates with the first Miner Council election. This process includes forum proposals, ratification, active participation by Miners, and elections.

We will soon submit a draft forum proposal for the community to review and provide feedback, followed by a formal TEL holder vote to approve and cryptographically ratify the Telcoin Association Constitution. Existing users will be able to vote with TEL held in the Telcoin App (staked and unstaked), with TEL they hold in a self-custodial wallet on either Polygon or Ethereum, and by using their TELx liquidity positions.

Telcoin’s commitment to decentralization, user and community empowerment, and a new governance model represents a pivotal moment in the telecom, fintech, and blockchain industries. The Telcoin Platform aims to create a global ecosystem benefiting all participants, and we look forward to seeing where each of you take Telcoin next.

Dear Telcoin Community,

Today we are excited to release a new app version and greatly expand the list of digital assets supported by the Telcoin App. It’s a major step forward toward making Telcoin a viable DeFi alternative to centralized exchanges. We are also in the process of upgrading our banking rails in the US, the EU, and in some select receiving-side markets with important remittance corridors soon. Seamless stablecoin rails on both sides of these prominent remittance corridors has been our focus for some time, and we are finally seeing this come into view.

It has been an uphill battle this year to say the least, but we do see the light at the end of the tunnel. A major accomplishment that we have achieved this year has been a complete overhaul of our compliance systems. I am happy to say that we now have the foundational infrastructure in place to satisfy the most stringent requirements of central banks globally — a milestone that, despite its brand recognition, FTX certainly never met. Even though we do not custody customer assets, and cannot unilaterally move or lose assets in customer wallets, we have a compliance system that I believe is now more capable than most centralized exchanges operating today. We’ve been building a compliance system that is both bank-caliber and crypto-modern, with our US bank project in mind, and are looking forward to seeing that finally bear fruit.

A major challenge for Telcoin has always been trying to balance a fiat remittance product with a DeFi crypto trading platform. We’ve been doing this because we believe that we will be able to successfully bring the two worlds together, and the end result will be worth the wait. We know that simply surviving is not enough — we are striving every day to push the ball forward towards a better product as efficiently and responsibly as possible. As we get closer, I’m more excited every day to put forth the effort — actually more excited to get up and start work than any period of my life. It’s a strange feeling at this time when the industry has been so down.

Now that we have a great foundation in place, look out for more exciting releases and upgrades in the coming months. It’s been a long time coming, and as always we greatly appreciate your continued support.

• Paul Neuner, Telcoin CEO

Expanded token availability and a fresh new interface in V3.7

New Tokens

At Telcoin, we still firmly believe that our assisted self-custody wallet is the optimal arrangement for consumers; protecting user funds from malfeasance, technical breaches, and the possibility of bankruptcy while offering a safety net in case the device or private key are misplaced or stolen. Moreover, our mission is to be a properly regulated gateway to self-custody and DeFi, which is why we also strive to respect the letter and spirit of the law and maintain a respectful relationship with our regulators.

We recognize that our industry is still evolving, and while legislators and regulators work together to shape the landscape, we are committed to staying on the right side of the law. Hence, in light of recent developments in the regulatory landscape, we have decided to significantly increase asset availability from the current 28 to 110 tokens, with many more anticipated in the future.

We believe that offering this variety of swaps moves us one step closer to becoming the assisted self-custody DeFi wallet of choice: one that will enable our users the full benefit of security combined with the trading capabilities of a centralized crypto exchange.

The current full list of digital assets available on the Telcoin App can be found on our website under the “Digital Assets” tab here, and also within the Markets tab on the updated Telcoin App user interface.

Fresh new UI/UX with Market View

Version 3.7 of the Telcoin App brings several foundational user experience and user interface updates, creating a solid base for our planned future iterations. These improvements include a new app-wide bottom navigation bar, Market View, the ability to flip your wallet’s card to display your Deposit QR code and wallet address, and polished updates throughout both Android and iOS. Version 3.7 begins a phased rollout to Android devices globally starting today, with iOS to follow.

• New: Use the bottom navigation bar to quickly navigate between Wallet, Trade (where available), Market View, and your account.
• New: Market View displays live price action for all digital assets available in the app. Access Market View from the “Markets” tab in the bottom navigation. Coming soon: save your favorite assets for quick reference.
• New: On your wallet screen, tap the button on the top right corner of your card to flip the card, revealing your wallet address and Deposit QR Code. Use this code to easily deposit digital assets to your wallet address.

We’re excited to build upon this new, improved foundation for upcoming Telcoin App releases.

• Josh Worley, VP Design

Expanded DeFi order routing

The Telcoin team is always building to provide the best possible user experience. When taking a look at our DeFi token offering, providing greater liquidity and extremely competitive pricing is paramount. With the integration of an additional routing platform, our overall aggregation logic continues to improve, with greater regularity, to take advantage of buying and selling opportunities. We will continue to evaluate and expand our product with pricing and liquidity enhancements, expanded token offerings, and greater aggregation going forward.

In addition to now using multiple DeFi order routers, which ensures that trades go through the best pool available on the best AMM, Telcoin’s assisted self custody setup provides ease of use without compromising security. The objective of our three-key system is to ensure that not only are customer assets not on our balance sheet, but that Telcoin verifiably cannot unilaterally move or lose customer funds. This makes the Telcoin App an excellent alternative to centralized exchanges, with ease of use and peace of mind whether simply storing assets or trading on DeFi.

Digital asset on/off ramps spreading across EU

Over the past couple months, Telcoin has begun rolling out digital asset on/off ramp capabilities for various EU nations. We will complete this multi-phased initiative shortly, leading to more comprehensive EU coverage. Early data shows notable adoption and expansion with our European user base, signaling exciting times ahead as we continue to bring our user-owned fintech products to Telcoin users globally.

Residents of the following countries can currently access USDC deposits and withdrawals via bank account or debit card: France, Germany, Italy, Lithuania, the Netherlands, Poland, Portugal, and Sweden.

In addition to USDC, Telcoin is planning to add a Euro stablecoin rail in the near future as the company seeks to extend stablecoin rails in key markets.

Telcoin to sponsor GSMA Kigali in October

The Telcoin commercial team is excited to announce that Telcoin will be sponsoring the upcoming GSMA MWC Kigali conference in October. Members of the team will return to Kigali, Rwanda for the event, which will focus on fintech expansion across the continent. Approximately 2,000 attendees — including many telecom, mobile money, and payments executives, alongside a number of central bank policymakers — are expected to attend. To really drive our message home for those in attendance, Telcoin has secured a physical booth to supercharge marketing efforts and host meetings. Chief Commercial Officer Rajesh Sabari will also be taking the stage alongside African central bank governors and fintech industry executives as we continue to spread awareness of Telcoin products and expand partnerships for the upcoming Telcoin Network launch.

For those who might have missed it, members of the Telcoin team joined the Monetary Authority of Singapore-hosted Inclusive Fintech Forum in June, which also took place in Kigali. For the commercial team, it was a successful initial foray into the region, and Telcoin was proud to sponsor the event’s VIP speaker dinner for central bankers, investors, and fintech CEOs — which laid the groundwork for expansion into Rwanda and the broader East Africa market. The event also marked the launch of Telcoin Remittances between Canada and Rwanda, and the company marked the occasion with its first digital billboard in downtown Kigali.

Notably, the previous event in Kigali also led to a major commercial sign-off with a leading Africa-focused fintech that Telcoin will utilize for powering various transactions — both fiat and digital asset based. More details will be shared upon integration, and we’re thrilled to be expanding our product offering in Africa.

Twitter/X Support Handle

To better serve our users, Telcoin has obtained a customer service account on Twitter/X, which will be used to field support requests and reply to common issues posted by users. The account handle is @TelcoinHelp. Please remain vigilant of fraudulent Telcoin and Telcoin team member accounts on various social media and messaging platforms. Scammers will often attempt to spoof the handles of our official accounts or team members’ accounts, often by switching a letter or adding a character. Telcoin will never reach out to you first or ask you to transfer tokens. When in doubt, reach out to community support, a community manager on discord, or visit the official support form at https://www.telco.in/support.

New Telcoin team members

Patrick Gerhart joins Telcoin as President of Nebraska Banking Operations. He has been brought on board to oversee the development and implementation of Telcoin’s Digital Asset Depository Institution. Patrick comes to Telcoin with 20-plus years’ experience in banking and policy. Most recently, Patrick was President of the Bank of Newman Grove in Newman Grove, Nebraska. In 2019, he was named one of Independent Banker’s 40 Under 40 and has been on numerous banking boards and committees during his career, including the Independent Community Bankers of America’s Agricultural Committee and the Nebraska Independent Community Bankers Board of Directors.

Sagar Malhotra joins Telcoin’s Singapore office as Head of Compliance. Sagar previously served as Director of Regulatory Compliance at Chainalysis, where he was the SME for Regulations and Compliance for the APAC Region. He facilitates dialogue with regulators and industry players on key policy issues within the cryptocurrency industry. Sagar also drafted and gave feedback to regional regulators and central banks on existing and upcoming digital asset regulations, working with law enforcement agencies and FIUs on streamlining STR/SMR processes for building a robust and compliant crypto ecosystem.

Sagar has worked closely with FIs and helped them with digital asset adoption as well as identifying their crypto exposure. He has developed compliance framework and internal policies covering local regulatory requirements for crypto businesses. He has developed risk assessment matrixes for various FIs and digital asset exchanges covering crypto risk frameworks in various countries across APAC, including Australia, New Zealand, Korea, India, Singapore, the Philippines, and other Southeast Asian countries to facilitate crypto adoption.

Prior to Chainalysis, Sagar was Head of Compliance at Japanese exchange Liquid. He was one of the three working group members involved in drafting the Payment Services Act back in 2018–2019. He was the Vice President of CFS AML Risk Management, Risk and Prevention at OCBC Bank and Associate Vice President, AML Compliance, Group Commercial Banking at Standard Chartered Bank, Singapore. Sagar has a Bachelor of Engineering Degree from National University of Singapore, a CAMS from ACAMS, USA and a Quality Leaders (Six Sigma) from OCBC Bank, Singapore.

Jesus Anaya joins Telcoin as a Senior DevOps Engineer in the United States. With a comprehensive background in DevOps engineering, Jesus stands out as a maestro in the domain of Kubernetes orchestration. Over the years, Jesus’ expertise has been centered on designing, implementing, and managing robust Kubernetes ecosystems, ensuring that applications scale efficiently and remain resilient in the face of changing demands. This deep-rooted experience is further amplified by a meticulous attention to CI/CD pipelines, allowing for streamlined development processes and seamless software deployments that keep pace with the rapid evolution of the tech landscape.

Security and monitoring have never been mere afterthoughts for Jesus; they are integral parts of the mission. With a keen eye for potential vulnerabilities, Jesus employs state-of-the-art security protocols to protect both infrastructure and applications. This, coupled with an extensive knowledge in monitoring tools and methodologies, ensures system reliability and offers peace of mind to stakeholders.

Akhil Sarikonda joins Telcoin as a Web Developer, based in the United Kingdom. He is currently focused on developing an array of web applications, including the TELx Network. Prior to joining Telcoin, Akhil worked in the HRtech and Edtech sectors, contributing his software development skills to various companies. In addition to his professional accomplishments, Akhil has also developed a standalone SaaS platform. He holds a Master’s degree in Advanced Computer Science from Northumbria University in Newcastle, UK.

Useful links

Download the Telcoin App for Android: https://bit.ly/3tWqmYv

Download the Telcoin App for iOS: https://apple.co/3QAsM8W

Telcoin’s homepage: https://www.telco.in

Telcoin on Twitter/X: https://twitter.com/telcoin

Telcoin on LinkedIn: https://www.linkedin.com/company/telcoin

Telcoin’s Facebook page: https://www.facebook.com/telcoin

Telcoin’s Instagram: https://www.instagram.com/telco.in/

Telcoin’s TikTok: https://www.tiktok.com/@telcoin

Telcoin’s Discord server: https://discord.gg/qzMUw57UJa

Telcoin, a leading Web3 platform bridging the worlds of traditional fintech and decentralized finance (DeFi), announced today the launch of digital asset rails in the European Union, starting with Lithuania and extending to the rest of the member states in the near future. This new fiat to USDC on and off ramp enables easy entry into the Telcoin App’s assisted self-custody wallet, connecting users to fast and affordable trades across popular DeFi platforms.

The addition of USDC deposits and withdrawals on the Telcoin App will give customers in Lithuania a safe and intuitive way to trade digital assets with just a few taps of their smartphone. To cash in, users simply input their debit card details and choose how much USDC to deposit into the Telcoin App. Users holding a USDC balance can also withdraw to their bank account in Euros via SEPA transfer. Telcoin expects to add an EUR stablecoin option as well, but is prioritizing USDC given its strong liquidity across DeFi protocols.

Deposits are virtually instant, but note that some EU financial institutions may not allow instant debit cash in for crypto-related transactions. In the event of a failed transaction due to a specific card issuer’s policies, users can also use SEPA bank deposit, which can take up to three business days to complete. All first-time depositors are required to complete a KYC review in accordance with local regulations, and users must also ensure that their national ID and phone number are from the same country before making a deposit.

“We’re excited to extend digital asset rails to Europe, a region that has taken a progressive approach to digital asset regulation,” says Paul Neuner, Telcoin CEO. “Telcoin strongly believes that the self-custodial nature of DeFi is better for consumers when implemented properly and connected to traditional finance in a regulated manner — in fact, we believe that DeFi has an even greater capacity to satisfy regulatory goals than the traditional financial sector.”

With the launch of USDC deposit and withdrawals, Telcoin is well-positioned to increase its customer base in Europe and become a major player in both the expansion and legitimizing of the nascent Web3 space. The Telcoin App’s self-custodial nature means that customers maintain control over their assets and can trade them instantly on DeFi using the Polygon Network. This enables users to take advantage of the fast and affordable nature of DeFi trading without increasing security risk exposure.

“Lithuania makes for an excellent initial foray into the EU, thanks to its embrace of blockchain and DeFi in particular,” adds Neuner. “We’re thankful for the opportunity to highlight the importance of assisted self custody and maintaining an open dialogue with forward-thinking regulatory authorities.”

In addition to securely storing and trading digital assets, the Telcoin App also offers best-in-class digital remittances from the United States and Canada to 16 countries and counting. Telcoin’s Lithuanian entity, Telcoin Europe UAB, is registered as a digital asset exchange provider in the EU. Telcoin Group is headquartered in Singapore where its operating entity is licensed as a Major Payment Institution. The Group’s subsidiaries are also registered as money services businesses in the United States, Canada, and Australia. Telcoin notably supported the Nebraska Financial Innovation Act to create digital asset depository institutions for state-chartered banks, which was signed into law in May 2021.

Website: https://www.telco.in/

Twitter: https://twitter.com/telcoin

Discord: https://discord.gg/PMcuZRntNa

iOS download: https://apps.apple.com/us/app/telcoin/id1455060641

Android download: https://play.google.com/store/apps/details?id=in.telco.wallet