The Managing Director of a Dubai-based Fintech company, Dan Holdings has asserted that technology is of no good if it cannot bring people together or make life better for them.
He made the statement in a recent parley with the press while highlighting one of the special products of his company, Telechat, poised to rival Moneygram and Western Union.
According to Oyekan, Telechat aims to provide worldwide access to financial services by using cryptocurrencies, bypassing the need for an intermediary entity.
According to him, by being decentralized, stable, and global, Telechat seeks to bring value in the blockchain and fintech ecosystem by bringing crypto to the masses becoming the Uber for Crypto. Telechat utilizes disruptive blockchain technology to deliver a privacy-focused messaging application that provides global payments in a variety of cryptocurrencies.
“We believe fintech is the future, and the future of money is global and we firmly believe technology is best only when it brings people together.
“Cross border remittance services like Moneygram and Western Union are still popular in developing parts of the world such as India and Africa, however, these services charge fees between 10% and 15%. For some people, these fees take a significant part of their salary. Telechat aims to remove that financial burden by bringing global adoption of DeFi technology,” he said.
He said Dan Holdings leveraged the power of decentralized technology, by launching Telechat, a privacy-focused messaging application that allows users to send money to family and friends as easy as sending messages and images.
Telechat provides messaging features such as private chats, secret chats, broadcast lists, and both private and public channels for group discussions. The chat features video and voice calls, text and voice messages, stickers, user location sharing, and other forms of media. Aside from connecting people socially, the application additionally connects people financially. Users have an integrated cryptocurrency wallet that supports a variety of significant digital assets.
“The stored cryptocurrencies can be sent to anyone anywhere, and even be exchanged into local currencies. Users have real control over their assets as they hold control over their private keys, ensuring that no one else can access or control their wallet. With a friendly and simple interface, users can view their balance and complete transaction history, filled with details such as addresses, recipients, and transaction value.
Data became one of the most valuable assets in the 21st century. Technological corporations misuse the trust people have in them by selling their private data. Most messaging platforms are owned by companies who have previously sold user data to other entities. Disturbed by this notion, Dan Holdings focused heavily on privacy when creating Telechat,” Oyekan said.
Danny Oyekan, a Nigerian- Saint Lucian was born 30 August 1994. He is an early Bitcoin investor and serial entrepreneur. He is the Founder of Dan Holdings and Dan Ventures. Dan Ventures deals in early stage start-up funding, whereas Dan Holdings is a Blockchain, and emerging technologies company.
He was amongst the first wave of Bitcoin investors and is considered a pioneer in establishing the use of virtual currency in the African markets.
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