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Telcoin to expand services into Europe

By Gloria Methri

November 07, 2022

  • Bitcoin
  • Decentralization
  • Decentralized Payment Ecosystem

Telcoin, million, FinTech, funding, decentralized finance, DeFiTelcoin, a decentralized FinTech platform facilitating low-cost remittances and crypto trading worldwide, has announced its expansion into the European market.

Telcoin Europe UAB, registered in Lithuania, offers 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 a few simple taps.

Users in the United States, as well as the EU, will be able to cash into stablecoins directly from a connected bank account or debit card, giving them access to mobile-based trades for 24 tokens such as WBTC, ETH, MATIC, and TEL.

Telcoin aims to provide a low-cost alternative to existing centralized exchanges while enabling account holders to maintain custody of their assets. The company is actively establishing its local operations and is targeting a year-end release of the new services to EU citizens.

“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.”

Telcoin says it 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 looks forward to expanding its participation in the development of digital asset regulation globally.

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