Telegram, the widely used messaging app, has introduced a new feature that allows users to purchase, withdraw, and exchange Bitcoin. However, it is important to note that this new functionality was not developed by Telegram itself, but by a third-party using Telegram’s open bot API.
This means that anyone can develop their own crypto-related bot utilizing the API, without direct involvement from Telegram. Users can now access these services directly through Telegram’s web interface via the @wallet web interface.
In addition to the ability to purchase Bitcoin using a bank card or the P2P market, users can now make peer-to-peer transactions, withdraw, and exchange Bitcoin directly through the updated web interface. The announcement also reminded users that the updated “Exchange” platform can now instantly swap Bitcoin, Tether (USDT), and Telegram Open Network (TON) with each other.
The move builds upon the existing services surrounding cryptocurrencies that are already popular within the chat program. As the popularity and adoption of cryptocurrencies continue to grow, it will be interesting to see how Telegram and other third-party industry players continue to innovate and adapt to meet the changing needs and expectations of users around the world.
It is important to note that while this new feature is exciting, users should exercise caution and thoroughly research any third-party bot or service before using it to ensure their security and privacy are not compromised.
This development comes as the world of cryptocurrencies continues to gain mainstream acceptance, with major companies like Tesla investing in Bitcoin and other cryptocurrencies. The ability to purchase and exchange Bitcoin directly through a widely used messaging app like Telegram could make the use of cryptocurrencies more accessible to a wider audience. However, users must remain vigilant and cautious when it comes to their online security and privacy.