Japanese based Telcoin, an Ethereum Blockchain platform that leverages mobile money infrastructure to enable users to transfer money globally in seconds, announced that it has opened its offices in the UAE. The announcement came in Telcoin;s newsletter. Co-Founder and CEO Claude Eguienta, stated, “stated while promoting financial inclusion using the Blockchain can be hard, we have been very successful in 2019 in connecting with mobile operators, banks and financial service providers.”
He adds, “Our head of product, head of marketing, tech team, and I have relocated and set up a new office in Dubai, UAE. We have been planning to relocate to Dubai for a while for a number of reasons, and we feel it will provide a great base to springboard our company into new markets. Dubai provides a lot of benefits for us as a company and is more affordable, has a sound immigration policy, and is one direct flight away from a lot of African and Asian countries. We have set ourselves in DMCC, which recently announced their crypto valley. “
In parallel, Telcoin has also set up its North American operations in Toronto Canada, and later on in the year Telcoin will be setting up its Kuala Lumpur office for South East Asia.
Telcoin is currently working on its Bet version so users can send money to Philippines and other countries. In 2019 Telcoin focused on compliance to get regulators on board.
We are now working on releasing our beta to a small number of users so they can send money to the Philippines and other countries shortly thereafter. As for 2020, Eguienta believes it will be a sharp and positive turn for Telcoin, with many operational changes and a lot of action from the Middle East, the Americas, and Asia to the rest of the world, starting with the Philippines.
Telcoin has received a remittance license from MAS ( Monetary Authority Singapore) in Singapore in 2018 but no announcement of a granting of this license has been made yet.