Now, Telegram allows sellers to receive payments in cryptocurrencies directly natively on the application. We take stock of this new service.
Telegram facilitates cryptocurrency payments
Since the spring of 2022, a service called Wallet on Telegram has made it possible to buy and receive cryptocurrencies, at the same time opening transfers between users.
Now, the famous instant messaging social network goes even further, by enabling merchants to receive crypto payments via an update of this service called Wallet Pay.
Thus, it is possible to program this new functionality directly natively in a chat channel for exampleas reported to our colleagues at CoinDesk:
“In the past, do-it-yourself solutions were available in the form of relatively primitive robots with links to crypto payment systems. […]. With WalletPay, merchants can now seamlessly accept cryptocurrency payments within the Telegram app, with features such as the ability to make payments directly in chats. »
The assets concerned to date are Tether’s stablecoin USDT, Bitcoin (BTC) as well as TONfrom the eponymous blockchain The Open Network.
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A still timid adoption
At the moment, the features of Wallet in the broad sense are still adopted in a restricted way. Indeed, one year after the launch of this service, only 2 million users would have been interested in it out of the 700 million that the application has.
Nevertheless, it still testifies an opening of crypto services within consumer tools. And for good reason, Telegram is continuing its work in the Web3 ecosystem.
Last winter, the social network launched into SIM-free profiles using usernames hosted on the TON blockchain and tradable on the Fragment marketplace.
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Source: CoinDesk
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I timidly discovered the world of blockchain at the end of 2018 during my quest for financial freedom. Initially invested moderately, it was only two years later that I took the gamble of betting everything on the movement that was taking shape then. I then dedicate 2021 to training myself better to acquire more knowledge and seriousness. As I often like to say: I still have a billion things to learn. And what I do know, I want to share with you.
Vincent Mayor
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