written by H|D
You do realize that “going forward”, there’s nothing stopping Telcoin from generating actual revenue, right? Well, except if no one uses the product, but I wouldn’t count on that. Their strategy is sound; have the telecom partners heavily market the service in exchange for more coins. Let’s rewind a little bit.
Virtual Currency Exchange (VCE)
Okay, I’ll admit that it’s been fun teasing the community, but there is always some truth in what I share. I’d like to shift your focus to what the VCE license means to Telcoin. I’ve said this more than once, Bangko Sentral ng Pilipinas (BSP) granting Telcoin a virtual currency exchange license would be the catalyst for Telcoin launching their first corridor. Filipinos residing in the Philippines would be able to cash out at their telecom operator, the same way they’d obtain cash at Western Union or MoneyGram. That blows my mind, because Telcoin would essentially be the only crypto company where a recipient can actually obtain cold hard cash; please correct me if I’m wrong. And, ladies and gentlemen, since FINTRAC (Canada) already approved Telcoin’s Money Service Business (MSB) registration, we are looking very good.
Canada/Philippines Corridor
As we all know by now, the Canada/Philippines corridor has generated more than $2.3 billion in the past, and that number continues to rise with the migration of more Filipinos seeking opportunities in Canada. My estimation is that Telcoin is targeting a 5–15% market share within the next 3 years. What’s that? About $355.5 million annually for one corridor? That’s not bad; a cryptocurrency company that is generating revenue. Just think about what this would do to the value of the precious tokens that you currently hold. Just so you know, there doesn’t necessarily need to be a telecom partner on the Canada side for Telcoin to launch that first corridor. What’s most important is that the Filipinos who do not have access to financial institutions, now have a way to cash out their funds directly through their telecom operator in the Philippines.
SMART Communications
We’ve all seen how the communications department of SMART botched the release of their partnership with Telcoin. This shows me that they were too eager to release the information, and it also validates my understanding that telecom partners are willing and ready to market the product to their subscribers. After all, their supply depends on it. If you’ve read the white paper, you know that Telcoin has instituted and issuance incentive model which states: “For any given mobile operator, the amount of free Telcoin it will receive each year will be based primarily on their Telcoin transaction volume. The more Telcoin that a network exchanges with its subscribers, the more Telcoin issuance it will receive. Doing so, we expect operators to promote Telcoin adoption as there will be a clear and direct link between their efforts and the financial benefits they receive through the Telcoin issuance.”
It’s obvious that SMART would like to be the first telecom partner to experience live transactions powered by blockchain, because that would make them a trailblazer. And who doesn’t like to be first? Free supply, new revenue stream, immediate profit, that’s why it’s so exciting to them. At this point we know that all SMART has been waiting for is Telcoin obtaining the VCE license from BSP. I would anticipate a formal announcement of the partnership as soon as Telcoin confirms that they have been granted the license. Don’t ask me when, because I’ll respond with soon.
Conclusion
The VCE license is the catalyst for Telcoin’s path to generating revenue this year and becoming net positive cash flow as Claude once promised. Also, keep in mind that while they’ve been waiting for the license to be granted, they were still integrating their product to SMART’s platform. We should be moving into the final stages of the integration. And if you like the product now, wait until it’s fully loaded with all the bells and whistles. I can’t wait for what is to come!
By the way, if you haven’t downloaded the Telcoin app yet, please do so. It’s currently available for both iPhone and Android users. I really want everyone to try it out and share it with their friends and family members. I plan to send free Telcoins in the next weeks to all those who download the app. Stay tuned for further instructions via Twitter.
H|D
Disclaimer: The information above is not confirmed until we receive an official statement from Telcoin. Please do not use this as financial advice. Do Your Own Research!
