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Today's winner:Telcoin Enters Top 100 CoinMarketCap RankingBusiness
Telcoin Pte. Ltd, a fintech company headquartered in Singapore, celebrated a new milestone Tuesday, three years after unveiling plans to bring blockchain-powered financial technology to the remittance industry.
Telcoin’s trading token $TEL is now a “top 100” ranked cryptocurrency by CoinMarketCap, a global indexing platform of all traded cryptocurrencies.
CoinMarketCap is owned by cryptocurrency exchange Binance.
Telcoin opened its first remittance corridor in February between Canada and The Philippines in partnership with Gcash.
Telcoin says it will open additional corridors in Singapore, Australia, and the United States in the coming weeks prior to the launch of its new crypto wallet, which will introduce DeFi services and financial products.
Crypto traders anticipate the introduction of additional remittance markets and a reimagined crypto wallet will significantly increase trading volume for Telcoin as well as raise the company’s global media profile.
Telcoin holders have been vocal on social media about Telcoin’s upside price potential when the Telcoin wallet is re-launched next month to include staking and swapping capabilities that will put Telcoin on track to become its own cryptocurrency exchange.
According to LunarCRUSH, a social media engagement monitoring service for cryptocurrencies, social mentions of Telcoin have increased by 312.07% in the last twelve months.
“The scale of the community of people who believe in Telcoin and our vision is amazing — humbling even,” Telcoin CEO Paul Neuner said in an April 2021 community update posted to the company’s Medium account. “We all feel a deep responsibility to deliver on this vision and are all highly motivated to do so. As we finally roll out services, it’s exciting to see our community evolve into a powerful, positive force.”
Telcoin is licensed as a Major Payment Institution in Singapore.