Mobile-banking solution has closed its ICO on its $25m hard cap, following the sale of 250 million Telcoins.
Telcoin helps connect mobile networks with consumers, to increase and improve conversion to mobile money, prepaid credit and postpaid billing platforms. The platform offers a pricing and exchange API, which allows access to prepaid platforms, postpaid billing and mobile money accounts.
The blockchain platform is initially focusing on the remittance market, as the company looks to boost financial inclusivity.
Following the close of the ICO, the companyâ€™s next plans are for its first partners to start accepting and distributing TelCoin, free of charge. By Q2, Telcoin hopes 10 mobile networks around the world will accept the coin.
The company is aiming to launch its own digital wallet in the third quarter of 2018, and attract 10 million Telcoin users by the end of the year.
Last week, Trade.io, a blockhain trading platform, closed its ICO on $31m, with 15,073 contributions. The Switzerland-based company is looking to use the funds for the creation of its liquidity pool, and then its exchange later in the year.
Earlier this week, Calero Software acquired telecom expense management company Comview Corporation. The acquisition will continue the companyâ€™s growth in the market, as it looks to further its position as a communications management platform.
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