Telegram Wallet now enables users to exchange crypto with each other

Telegram Wallet now enables users to exchange crypto with each other

Developer behind the Telegram Wallet Bot, which enables Telegram users to buy cryptocurrencies with a bank card, exchange them and transfer them to other wallets, have started a P2P cryptocurrency exchange.

The wallet bot was introduced in April and enables Telegram users to buy toncoin (sound) and send them to chat messages. The latest update enables the sale of cryptocurrencies between users via the Telegram app, whereby the stock exchange services act as guarantors for every transaction. In any case of disagreements between the seller and the buyer, the service carries out a dispute settlement procedure.

The service allegedly offers "anonymous P2P offers", but users have to share their mobile phone number with the bot to operate, exchange or buy crypto.

users who want to sell cryptocurrencies pay a commission of 0.9 %, while buyers do not have to pay any fees, according to a explanation of developers of The Open Network (sound) Foundation, a non-commercial group of supporters and participants in the Ton Blockchain, which was originally founded by the Durov brothers, the founders of Telegram Messenger.

To sell token, post users messages in the app from which buyers can then select. Buyers can use USD, EUR, UAH, byn and KZZ to buy cryptocurrencies.

Toncoin (sound) and Bitcoin (BTC) are currently available for sale, with plans to expand the offer at a later date, the company said. Only sound can be sent directly via chats between users.

"It is aimed at normal users and offers a low entry threshold for learning blockchain. Many services on sound are similar to the usual applications, the use of which people are already used to," said a spokesman for the wallet team to block works.

"Leaving without Telegram, you can buy cryptocurrency, send you to your friends with a short nickname without long pocket addresses, access the internet with the @mobile bot, pay a subscription for your preferred telegram channel together with many other services." You said.

Telegram previously intended to launch an official token, gram, but it was prevented from the Securities and Exchange Commission (Sec) forced in 2020 to repay $ 1.2 billion to investors and pay a fine of $ 18.5 million.

The Ton Foundation "is a decentralized community founded by Anatoliy Makosov and Kirill Emelyanenko after Telegram withdrawn from the project." according to his website .

"One of the goals is to merge blockchain technology with the traditional internet," said the spokesman. "To advance this decentralized concept, Ton creates its own ecosystem that already includes DNS, sites and proxies."

The total number of the wallets has grown to 1.3 million A statistics page provided by the group, but the Ton Scan-Block-Explorer showed no information at the time of printing.

The sound token is traded at $ 1.39 from 9:00 a.m., with a market capitalization of around $ 1.7 billion and a circulating range of $ 1.22 billion. according to Coinmarketcap.

participate das: london and learn how the greatest traditional and crypto institutions see the future of the institutional introduction of crypto. Register here.

The contribution Telegram Wallet Now Lets Users Exchange Crypto with Each Other is not a financial advice.