Skip to main content

Crypto on Telegram: Users can now trade Bitcoin directly with each other

 


With the latest update, the news service Telegram enables its users to trade with each other directly in the crypto app. The offer includes Bitcoin as well as the in-house Toncoin, which has been in use since April.


Telegram is undoubtedly driving the major crypto adaptation hoped for in the scene . The latest update allows users to trade Bitcoin and Toncoin between themselves for a range of fiat currencies. Euro, US dollar, hryvnia, tenge and - no kidding - the Belarusian ruble can now be traded against the two cryptocurrencies.


As early as April, the development team implemented the Wallet Bot, a way that users can buy and trade crypto directly with their credit card and transfer it to other wallets. For the time being, however, this service only allowed the direct purchase of the in-house Toncoin (TON) - including transactions between user wallets.


Telegram continues to put out feelers towards crypto

The GRAM token, which was developed by the Durov brothers and already reeled in 1.2 billion US dollars in 2017, unfortunately never saw the light of day. The American Securities and Exchange Commission (SEC) forced Telegram to return the money to investors, even hitting a heavy fine of $18.5 million on top of that.


After Telegram withdrew from the project, the TON Foundation took over the project as a decentralized community. As one newsreader put it:


“One of our goals is the fusion of blockchain technology and the traditional internet. To further strengthen the decentralized concept, TON creates its own ecosystem – including DNS, websites and proxies.”


With the new features, the developers have really made a big leap. Although only Bitcoin and Toncoin are currently available as cryptocurrencies, many more are to follow in the near future. The fact that the TON is already fully peer-to-peer transferable is worthy of all praise. Nevertheless, there can be no question of complete anonymity, since the users have to store their telephone number.


Bitcoin and Toncoin for everyone

The new feature is definitely a big step towards mass adoption: Users only pay 0.9% commission for their crypto purchase and, according to a company representative, the target group is also deliberately kept broad:


“The service is aimed at ordinary users and offers a low barrier to entry to learn about blockchain. Many of TON's services are similar to the usual applications that people are already familiar with. Without leaving Telegram and without long wallet addresses, you can send your cryptos to friends (…)”


It is an understatement to say that users are enthusiastic about the service: the messenger service already has 1.3 million wallets. The TON token is currently trading at $1.40 with a market cap of $1.7 billion.


The all-time high of $4.50 from November 2021 is still a long way off, despite recent developments.


DISCLAIMER

All information contained on our website has been researched to the best of our knowledge and belief. The journalistic contributions are for general information purposes only. Any action taken by the reader based on the information found on our website is entirely at their own risk.

My Top Picks
Honeygain - Passive earner that pays in BTC or PayPal
MandalaExchange -The Best no KYC crypto Exchange! 
BetFury - Play And Earn BFG for daily Bitcoin and ETH dividends!
Pipeflare - Faucet that pays in ZCash and Matic, Games pay in DAI
Womplay - Mobile dApp gaming platform that rewards in EOS and Bitcoin
Cointiply - The #1 Crypto Earning Site
Torum - Join the latest Social Network and earn TRM for Free! 
LiteCoinPay - The #1 FaucetPay earner for Litecoin 
LBRY/Odysee - YouTube Alternative that lets you earn Money by viewing videos!
FaucetPay - The #1 Microwallet Platform
FREEBTC - The #1 FaucetPay earner for Satoshi's
FaucetCrypto - An earning/faucet site that pays out instantly
FireFaucet - An earning site that pays better for some than Cointiply
DogeFaucet - Dogecoin Faucet
xFaucet - BTC, ETH, LTC, Doge, Dash, Tron, DGB, BCH, BNB, ZEC, FEY - Claim every 5 minutes
Konstantinova - BTC, ETH, LTC, Doge, Dash, Tron, DGB, BNB, ZEC, USDT, FEY, 25 Claims Daily

Comments

Post a Comment

Popular posts from this blog

From offchain to offchain: Statechains meets Lightning

  Without a doubt, the most significant off-chain Bitcoin solution is the Lightning network. But in its wake, the statechain has emerged as an intriguing replacement. There is currently a proposal to link the two offchain networks. From an ocean, for example, you can see sunbeams glistening in the water, waves rippling, and possibly a jellyfish drifting toward the light. But you only see a small portion of it. The distance from the sea's surface to its bottom is hundreds of meters. It has dozens of different fish species swimming in it, crabs and starfish crawling on the bottom, shells clinging to rocks, and sea plants climbing up. A completely new world starts where your gaze diverges. You can picture a blockchain like Bitcoin, just like the sea. What you see on the outside is only a small portion of what is actually there; the set of UTXOs (coins) and transaction history that full nodes store are just the beginning of a much larger world. It's the plan, at least. With Bitcoin...
Post a Comment
Read more

Phishing attack on popular crypto sites tries to empty wallets

  Several major crypto sites such as Etherscan, CoinGecko, DeFi Pulse, and others report malicious pop-ups scammers use to try to trick users into connecting their MetaMask wallets. The phishing attack came from a domain displaying the Bored Ape Yacht Club (BAYC) logo. "We are investigating the root cause of this attack to fix the threat as soon as possible," CoinGecko founder Bobby Ong tweeted. The phishing attack appears to have been triggered by a malicious ad script from Coinzilla, a crypto ad network, according to CoinGecko. Etherscan also advises its users not to confirm any transactions that may appear on the website. The attackers attempted to use the hype around the “bored monkeys” non-fungible tokens (NFT) to gain access to the cryptocurrencies of unsuspecting website visitors. Although the websites affected by the scam attempt have reacted in the last few hours and deactivated the advertising pop-up, it is still recommended not to connect your MetaMask wallet to ne...
Post a Comment
Read more

Bored Ape Yacht Club NFTs stolen through phishing on Instagram

  Bored Ape Yacht Club ( BAYC ) developers announced on Monday that hackers have hijacked the official Instagram page of the popular NFT collection and posted links to a fake airdrop. Crypto enthusiasts who connected their MetaMask wallet to the rogue website subsequently had their Ape NFTs stolen. Apparently, the attack was planned to coincide with the one-year anniversary of the BAYC collection. This increased the "perceived credibility" of the phishing link. About 100 NFTs are said to have been stolen in the phishing attack . According to CoinGecko data , the minimum price for a BAYC NFT is 139 Ether ( ETH ) or $400,726. So if reports are correct, over $40 million worth of NFTs were stolen in the attack. These numbers are only the lowest estimate, however, as they are based on the lowest price.  At the time of writing, it was still unclear how the hackers gained access to BAYC's official Instagram account. Social media users have pointed out the importance of two-fact...
Post a Comment
Read more