Crypto News: Telegram is widely recognized as an advocate of cryptocurrencies and has been working to extend its presence in the sector of digital currencies. Users of Telegram who make use of the wallet bot were informed today of a new feature that made it possible for anyone to purchase, withdraw, exchange and make P2P transactions utilizing Bitcoin.
Telegram Adds Support For Bitcoin
According to the recent notification, users could now perform multiple operations with Bitcoin through Telegram’s web interface, while an app-based update is currently under development. This action expands upon the already popular services surrounding cryptocurrency that are now available within the chat program.
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The notification also served to inform users that the platform’s “Exchange” had been modified and as a result, they are now able to instantaneously trade Bitcoin, Tether (USDT), and Telegram Open Network (TON) with one another.
The official statement was quoted to be:
It is now possible to buy Bitcoin using a bank card or the P2P market in the “Buy & Sell” section of our user-friendly interface.
Telegram Drives Crypto Adoption
In general, Telegram’s most recent decision to launch peer-to-peer trading for Bitcoin and to broaden the scope of cryptocurrencies that can be traded on its platform is a big step forward in the company’s efforts to become a key participant in the fast-developing world of decentralized finance (DeFi).
₿𝗥𝗘𝗔𝗞𝗜𝗡𝗚: Telegram adopts #bitcoin pic.twitter.com/2QOunvF8Fe
— Documenting ₿itcoin 📄 (@DocumentingBTC) April 21, 2023
It will be interesting to observe how Telegram and other chat-based applications like WeChat, WhatsApp and Messenger evolve and adapt to suit the changing requirements & expectations of users all over the world — as the popularity of cryptocurrencies continue to grow.
As a direct consequence of this crypto news, the price of Telegram’s TON token gained by 0.45% in the past 1 hour in contrast to an increase of 2.27% recorded over the past 24 hours and is currently exchanging hands at $2.40.
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The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
