Altcoins Talks - Cryptocurrency Forum
Further Discussions => Banks & Cryptos => Topic started by: Crypto Fella on June 14, 2024, 11:30:41 AM
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The the fintech has now become a part of our daily living because we often make use of them in all our payments, both online and even for international banking and sending of funds, looking at the various use of the blockchain and how that even Ripple has set a course that, banks can actually make use of crypto in their transactions to reduce printing costs and make better impact on the economy. In my own opinion some tokens that we have found recently to be taking after Ripple like TEL, built for telecoms to make sending assets through wallets faster and easier will drive financial inclusion on a global scale. It will be bigger than ripple, because it will get closer to users and they will be able to do this at their comfort on their phones which makes it better. I just believe we need things like this in our daily engagements and also in future when governments will be adopting crypto and blockchain. What do you think?
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I understand why you think Telcoin can surpass Ripple. The project’s blockchain-based platform connects users and the telecom industry, making global money transfers affordable and efficient. With a huge user base and trading on platforms like Bybit, KuCoin & Bitget(where a Candy Bomb initiative is underway, offering rewards for simple tasks, it's gaining traction. Essentially). Telcoin aims to simplify financial services, making it a promising alternative. It'll be cool to observe how they aim to fulfill their goals, partnerships etc moving forward. but I think on paper it's exciting imo...
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The the fintech has now become a part of our daily living because we often make use of them in all our payments, both online and even for international banking and sending of funds, looking at the various use of the blockchain and how that even Ripple has set a course that, banks can actually make use of crypto in their transactions to reduce printing costs and make better impact on the economy. In my own opinion some tokens that we have found recently to be taking after Ripple like TEL, built for telecoms to make sending assets through wallets faster and easier will drive financial inclusion on a global scale. It will be bigger than ripple, because it will get closer to users and they will be able to do this at their comfort on their phones which makes it better. I just believe we need things like this in our daily engagements and also in future when governments will be adopting crypto and blockchain. What do you think?
Never heard of Tel, but I do agree that blockchain technology should be taken advantage of banks. I mean they could build their own blockchain to be used internally so that transactions are going to be quick.
Although major banks have partnered already with Ripple and others to streamline cross border transactions. We all know that money remittances is also one of the biggest business in the world, billion worth of dollars are being sent across the world. And so this could be a good hint for banks to really used blockchain to make it easier for them.