Telegram is Planning to Build a Crypto Exchange and Wallet
Telegram is a very popular messaging app. it provide free to use and offers a fast and secure platform with end-to-end encryption with a wide range of features.
One of the famous features is the Telegram bot feature that allows users to automate tasks for different tasks. including creating to-do lists getting weather updates and getting automated alerts while tracking a particular wallet address. these bots are automated by programs and can be customized as per the user's needs.
Telegram is making its way into the cryptocurrency realm it adds support for cryptocurrency payments according to a tweet from the TON foundation in April. the TON token can be used to make cryptocurrency payments on Telegram.
Telegram has 550 million users who now have been exposed to blockchain technology and cryptocurrencies, it is now planning to launch a non-custodial wallet and a decentralized cryptocurrency exchange.
Pavel Duroy, founder, and CEO of Telegram is laying the foundation for ramping up its cryptocurrency journey. also expressed the blockchain's promise of decentralization and how it devolved into the current centralized situation.
Pavel Duroy expressed that the next step for Telegram is to build a set of decentralized tools these include non-custodial wallets and decentralized exchanges for safe and secure storing and trading of cryptocurrencies.