The Telegram crypto bot now enables P2P cryptocurrency asset sales for Telegram members. Prominent chat app Telegram is renowned for offering many more advanced capabilities than other messaging systems.
On this site, users can connect with other users without disclosing their true mobile numbers and send very large files with ease.
Telegram @Wallet Bot, which enables users to buy cryptocurrency using bank cards and exchanges and to move cryptocurrency to other wallets, has introduced a new function that enables users to sell cryptocurrency to other users who also use cryptocurrency wallets.
In other words, users can now buy and sell without leaving the messaging app or using any other third-party platforms.
Also read, Telegram adds Crypto Payement to its Platform
A crypto asset seller will be obliged to pay 0.9% fees as a commission to the service provider under this new feature, which will allow for anonymous trading of crypto assets. On the other side, purchasers of crypto assets won’t pay any commission costs.
According to a TON Foundation spokesman, it is designed for everyday people and offers a low barrier to entry for learning about blockchain. Numerous TON services resemble common apps that customers are already accustomed to utilizing.
Currently, users of the messaging platform can purchase cryptocurrencies using USD, EUR, UAH, BYN, and KZT. Additionally, only Ton token and Bitcoin can be transferred through a direct chat system, indicating that Telegram’s feature set is still constrained.
Due to a regulatory barrier, the first release of crypto wallet & crypto buy services via Telegram bot service in April of this year was prolonged by more than 1 year.
The US Securities body was compelled to pay an $18.5 million fine and repay $1.2 billion in money to TON currency ICO participants in 2020.
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