The World Summit on the Information Society (WSIS) is a United Nations multistakeholder forum focused on digital governance, connectivity, and the development of an inclusive information society.
Among the sessions held during the Forum was the ITU and GSMA presentation, “Building Fit-for-Purpose Networks: Emergency Telecommunications in Action.”
Separately, the Telcoin Network is exclusively validated by GSMA member mobile network operators, with 15 currently participating in the Adiri Testnet.
I had the opportunity to connect with delegates during the Forum. I look forward to working together in the months ahead.
$TEL Banks Do Not Have to Lose Deposits to Stablecoins. Telcoin Digital Asset Bank Has a Solution.
The Clarity Act is facing pressure from 78 U.S. banking associations over its stablecoin provisions.
In a joint letter to Senate Majority Leader John Thune and Senate Minority Leader Charles Schumer, the banking groups warned that ambiguities surrounding stablecoin interest, yield, and rewards could allow stablecoin arrangements to function as substitutes for bank deposits.
Their concern is that funds could move away from community banks, reducing their capacity to support lending in the communities they serve.
Telcoin Digital Asset Bank offers another path.
Patrick Gerhart, President of Telcoin Digital Asset Bank:
“Right now, bankers are watching customers move fiat from their checking and savings accounts to platforms like Coinbase... Why let those deposits leave? Keep them in-house, place them in reserve accounts, earn interest on that, and keep those funds within your institution...”
He also explained how Telcoin Digital Asset Bank helps financial institutions enter the stablecoin economy:
“We can establish your stablecoin... utilize our stablecoin, bring it into your customer base, establish those connections without having to start everything brand new.”
Banks do not have to lose deposits and customer relationships to outside platforms.
Telcoin Digital Asset Bank provides regulated infrastructure for financial institutions to participate in the stablecoin economy while keeping those funds in-house.
別途、IMFのワーキングペーパー「Can Retail Central Bank Digital Currencies Improve the Delivery of Social Safety Nets?」(小売向けの中央銀行デジタル通貨は、社会的セーフティネットの提供を改善できるか?)が、最近テルコイン(Telcoin)を特集しました。