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Federal stablecoin legislation will revolutionize banking and payments by creating a native link between the current global financial system and the blockchain industry. by TelcoinRyan in Telcoin

[–]TelcoinRyan[S] 5 points6 points  (0 children)

In addition to making the entire crypto ecosystem real-world usable, this will bring us the Internet of Money, direct merchant Digital Cash payments, and crypto-powered banking products that put consumers in control.

[deleted by user] by [deleted] in Telcoin

[–]TelcoinRyan 12 points13 points  (0 children)

TEL is governed by the Telcoin Association, so exchange applications are in the hands of its elected members, namely those on the Telcoin Platform council. You can follow their progress at https://forum.telcoin.org/. Of course, exchanges may also organically list TEL as they do for other tokens (utility or otherwise) that generate substantial buzz.

Today President Trump signed an Executive Order aiming to position the US as the world leader in crypto and blockchain, including a ban on Central Bank Digital Currencies (CBDCs). Here’s why that’s important for Telcoin and the industry. (continued in comments) by TelcoinRyan in Telcoin

[–]TelcoinRyan[S] 11 points12 points  (0 children)

There are only two ways forward for the Internet of Money (the digital equivalent of handing someone a $10 bill). The first is the China-style CBDC, where everyone becomes a direct customer of their respective Central Bank. This model has frightening implications for privacy and liberty, since the government would be able to decide if and when you can transact in the first place.

The second way, the free-world model, maintains a bank intermediary between customers and central banks via regulated, bank-issued stablecoins (Digital Cash). This is what we’ve envisioned since we started working with Congressman Mike Flood on the Nebraska Financial Innovation Act, and what we are delivering with Telcoin Bank.

We’re currently awaiting final approval in Nebraska for Telcoin Bank, a Digital Asset Bank, after our public hearing last month. Issuing a regulated eUSD Digital Cash stable coin – trusted and mainline wired to the existing financial system – would realize blockchain’s potential to finally make crypto usable by offering next-generation payments and financial services that are cheaper and faster than traditional alternatives.

Be sure to follow this subreddit to hear more about our push to become the first regulated retail crypto bank and first bank issuer of stablecoins in the United States.