Review on Telcoin by LUIS RIVERO R
An interconnected world.
This is a platform that is formulated for sending remittances to users anywhere in the world, has good specifications of how they want to achieve it in addition to that there are many possibilities of viability.
-Easy to use platform, knowing that there are millions of people worldwide with cell phones. Making the remittance list immediate.
-It has a market that is growing, since it is not necessary to have bank accounts to make international transactions. In this way, money transfers are cheaper and faster.
However, there are multiple Blockchain-based projects with similar characteristics, so the competition based on money transfer is really wide, it is also easier to buy and sell Bitcoin than Tel, which makes it difficult for the recipient user to exchange that asset for Some fiat currency and this without counting the volatility of this cryptocurrency, I consider that the currencies that are used for this medium should be stable since when switching from one to another the end users end up having great losses, and not really representing the amount initially sent , causing people to stop using this service.
It has a Wallet App that does not have many features, there should be a quick way to exchange this token for any other fiat currency in the style of Localbitcoin.
In general, I consider that for the time that this service is online, it has many failures in its road map, despite having a large following of this asset.
To boost and reinvent itself in some ways, they are good and they already have a product that just needs more reach.
Pros
- Possibility of receiving payment notification for multiple alternatives.
- Fast platform, without intermediaries that increase the costs of sending money.
- Mobile App easy to use, with good features of use.
- It has a good liquidity in the exchanges where it is listed.
Cons
- Basically it is a mobile wallet for sending assets.
- Your app in the official store does not have many downloads.
- Many tokens were issued, which is evidenced in its price over time.
- No constant updates in their repositories.
- Project seems stagnant, without significant updates.
