Just-In: Telegram Users Can Now Buy, Withdraw & Exchange Bitcoin

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Crypto News: Telegram is widely recognized as an advocate of digital assets and has lately been working to extend its presence in the sector of cryptocurrencies. Users of Telegram who make use of the wallet bot were informed today of a new feature that made it possible for anyone to purchase, withdraw, exchange and make P2P transactions utilizing Bitcoin.

Telegram Adds Support For Bitcoin

According to the recent notification, users could now perform multiple operations with Bitcoin through Telegram’s web interface, while an app-based update is currently under development. This action expands upon the already popular services surrounding cryptocurrency that are now available within the chat program.

Read More: Satoshi Era Bitcoin Wallet Comes To Life, Moves $7.8 Million After Decade Of Dormancy

The notification also served to inform users that the platform’s “Exchange” had been modified and as a result, they are now able to instantaneously trade Bitcoin, Tether (USDT), and Telegram Open Network (TON) with one another.

The official statement was quoted to be:

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.

Telegram Drives Crypto Adoption

In general, Telegram’s most recent decision to launch peer-to-peer trading for Bitcoin and to broaden the scope of cryptocurrencies is a big step forward in the company’s efforts to become a key participant in the fast-developing world of decentralized finance (DeFi).

It will be interesting to observe how Telegram and other chat-based applications like WeChat, WhatsApp and Messenger evolve and adapt to suit the changing requirements & expectations of users all over the world — as the popularity of cryptocurrencies continue to grow.

As a direct consequence of this crypto news, the price of Telegram’s TON token gained by 0.45% in the past 1 hour in contrast to an increase of 2.27% recorded over the past 24 hours. It is currently exchanging hands at $2.40 at the time of writing.

Also Read: Gary Gensler Gets Rare Support On Crypto From Former SEC Chair

The post Just-In: Telegram Users Can Now Buy, Withdraw & Exchange Bitcoin appeared first on CoinGape.

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Pratik Bhuyan