SNEAK PEEK

Telegram has made a significant move in the cryptocurrency space. The popular messaging app’s wallet bot now allows users to buy, exchange, and withdraw Bitcoin. This enhancement is part of Telegram’s ongoing effort to expand its cryptocurrency services, making it easier for users to engage with digital currencies.

New Features in the Telegram Wallet Bot

With the latest update, Telegram users can perform multiple operations with Bitcoin directly through the app’s web interface. While a dedicated app update is in the works, users can currently access these features via the @wallet bot. This bot, along with related services, was developed by third-party developers utilizing Telegram’s open bot API.

How It Works

Users can now purchase Bitcoin using their bank cards or through peer-to-peer (P2P) transactions. The process is straightforward. Simply navigate to the “Buy & Sell” section of the @wallet web interface. Here, users can easily buy, exchange, and withdraw Bitcoin.

The announcement from the @wallet account on April 21 highlighted that the platform’s upgraded exchange can instantly swap Tether, Bitcoin, and the Telegram Open Network. This feature enhances the overall user experience, making cryptocurrency transactions seamless.

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The Growing Popularity of Cryptos

As cryptocurrencies continue to gain traction, Telegram’s integration of Bitcoin is a timely response to user demands. The decision to allow peer-to-peer trading and expand crypto offerings positions Telegram as a key player in the evolving decentralized finance (DeFi) landscape.

Previously, Telegram had announced plans to enable users to send USDT via chats, showcasing its commitment to integrating cryptocurrency into everyday communication.

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Conclusion

Telegram’s adoption of Bitcoin through its wallet bot marks a pivotal moment in the app’s evolution. By facilitating easy access to Bitcoin, Telegram is not only enhancing its user experience but also solidifying its role in the cryptocurrency ecosystem. As the demand for digital currencies grows, it will be interesting to see how Telegram and other third-party developers innovate further.

For more information on cryptocurrency trends, visit CoinDesk or CoinTelegraph.