AUSTRALIAN ASSOCIATED PRESS
  • TRUSTED
  • ACCURATE
  • IMPARTIAL
DONATE SUBSCRIBE

Telcoin to expand services into the EU

PRNewswire November 5, 2022

European digital asset registration will enable Telcoin to provide rails to its crypto wallet and DeFi exchange for EU customers. 

LOS ANGELES, Nov. 5, 2022 /PRNewswire/ — Telcoin, a decentralized financial technology platform putting low cost remittances and crypto trading into the palms of users’ hands worldwide, today announced its expansion into the European market.

Telcoin registers to provide cryptocurrency services in the EU.

Telcoin Europe UAB, registered in Lithuania to provide digital asset services, gives the company the ability to offer both its self-custodial digital asset wallet and cryptocurrency exchange service to Europeans. The Telcoin Application, available for iOS and Android, enables users to securely store, send, and trade a growing number of popular cryptocurrencies with just a few simple taps.

Along with users in the United States, EU citizens will soon be able to cash in to stablecoins directly from a connected bank account or debit card, giving them access to mobile-based trades for 24 tokens including WBTC, ETH, MATIC, and TEL. Telcoin aims to provide an intuitive and low-cost alternative to existing centralized exchanges, while enabling account holders to maintain custody of their assets.

“Despite the rocky market conditions, we still see a great future for DeFi and regulated self-custodial crypto exchange services,” said Paul Neuner, Telcoin CEO. “I think European users have a particular interest in decentralization and secure self-custody, so we anticipate high demand in the EU for our mobile-first alternative to centralized exchanges.”

As a company focused on embracing regulation and providing customers with a clean doorway to decentralized finance, Telcoin is closely monitoring regulatory developments in the EU and beyond.  Having drafted and passed the second crypto banking law in the US, in the state of Nebraska last year, Telcoin is excited to expand its positive and constructive participation in the development of digital asset regulation globally.

(PRNewsfoto/Telcoin Pte. Ltd.)

Telcoin is actively establishing its local operations and is targeting a year-end release of the new services to EU citizens. 

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

SOURCE Telcoin

Keep updated

Latest Releases

Latest News

AAPR aggregates press releases and media statements from around the world to assist our news partners with identifying and creating timely and relevant news.

All of the press releases published on this website are third-party content and AAP was not involved in the creation of it. Read the full terms.

AAP FactCheck

  • Information you can trust
  • Written by trained, experienced journalists using authoritative sources
  • Accredited by the International Fact-Checking Network (IFCN)

AAP FactCheck provides factual, authoritative information Australians can rely on. Accredited with the Poynter Institute's International Fact-Checking Network and adhering to the highest industry standards, our experienced team works to minimise the impact of misinformation.

AAP Photos

  • Award-winning Australian Photography
  • Editorial or Commercial use
  • Subscriptions or one-off licences

Image buyers from all industries rely on AAP Photos. A digital treasure trove of content depicting Australian life, our fully-searchable database contains millions of images from around the country and around the world.

AAPNews

  • News delivered to your inbox
  • Trusted, reliable and accurate
  • Corporate and individual packages available

AAPNews delivers newswire content direct to the public. Choose from a number of subscription models to not only gain access to high-quality fact-based news on your desktop or mobile device, but also to show your support for Australia's only not-for-profit newswire.

Newsroom

  • The wire – up to the minute news at your fingertips
  • Feeds delivered to your CMS
  • Agenda – AAP’s planning and events tool

Get the news feed your organisation needs, with AAP offering extensive coverage of news, courts, politics, sports, finance and the arts. Take advantage of AAP’s partner content to get the international news that matters to your business, with news feeds delivered via multiple channels including API and FTP.