Telegram Now Allowing Users To Exchange Bitcoin From April 21

Key Points:

• Users may now do a variety of Bitcoin activities using Telegram’s web interface.
• They use Bitcoin to buy, sell, trade, and perform peer-to-peer transactions.

Telegram users who use the wallet bot were told today of a new feature that allows anybody to buy, withdraw, trade, and perform P2P transactions using Bitcoin (BTC).

According to a recent message, users may now do various Bitcoin activities through Telegram’s web interface, while an app-based upgrade is in the works. This step builds on the existing popular crypto services that are now offered via the chat software. Significantly, according to the announcement:

“Bitcoin is now available on the @wallet web interface, along with a new instant exchange. You can now buy, withdraw, exchange, and make P2P transactions with BTC directly through our updated web interface. 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.”

It is worth noting, however, that the Wallet bot and its accompanying services, which enable these functionalities, were built by a third party rather than Telegram itself.

Third-party developers use Telegram’s open bot API to construct the Wallet bot and related services. This implies that anybody may use the API to create their own cryptocurrency-related bot with no participation from the app.

According to the latest notification from the @wallet account on April 21, users of the @wallet online interface may now access purchase, withdraw, trade, and perform peer-to-peer (P2P) transactions in Bitcoin directly via Telegram’s web interface.

The announcement also informed users that the platform’s “Exchange” had been updated, allowing them to instantly exchange Bitcoin, Tether (USDT), and Telegram Open Network (TON) with one another.

Telegram is generally acknowledged as a supporter of digital assets and has recently worked to expand its footprint in the cryptocurrency market. Its recent move to introduce peer-to-peer trading for Bitcoin and widen the scope of cryptocurrencies is a significant step forward in the company’s aspirations to become a prominent player in the rapidly evolving field of DeFi. As Coincu reported, Telegram users may transmit USDT to one other through conversation from March 22.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

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Harold

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