Telenician Inc. announced today that its crypto token SRVU is now being used by several major companies to enhance invoicing and payment processing with their customers. The token acts as a replacement for fiat currency (cash) in financial transactions. Running on blockchain, the SRVU token lets B2B manufacturers and service providers avoid banking fees and processing delays, especially in cross-border transactions.
This fintech approach allows B2B firms to sell products and services to customers with payment in utility tokens. These tokens can be exchanged almost instantaneously at almost zero cost. The token also provides a hedge against inflation for service providers and clients as it tends to increase in value, making purchases cost less. This “affinity” program essentially gives discounts to customers over time, similar to a grocery store discount card, helping B2Bs acquire and retain customers.
Telenician’s SRVU token lives on the Stellar blockchain. Just a few years younger than Bitcoin, Stellar is the second oldest major blockchain in existence. Stellar is built for fintech transactions and applications. Transactions on Stellar occur in milliseconds and cost just thousandths-of-a-penny each, much cheaper and faster than traditional banking systems or other blockchains.
The token trades on Stellar—symbol SRVU—with a current imputed market cap of about $15 million.
About Telenician
Founded in 2022, Telenician created its signature utility token SRVU early this year. The token is in trials with major international companies, including a manufacturer of construction equipment and a computer chipmaker. These firms are expected to go into production use of the Telenician technology in 2023. Telenician's vision is to create crypto/blockchain tools to improve business processes and functions. The value proposition for early adopters is to see a meaningful increase in financial transaction performance using SRVU and obtain a competitive edge in their respective markets using SRVU. For more information, please visit: www.telenician.org.
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