Crypto News

Telegram Wallet Update Allows BTC Transactions and Peer-to-Peer Trading

Published by
Nonhlanhla P Dube
  • Telegram has updated its wallet web interface, allowing users to purchase, withdraw, exchange, and make peer-to-peer transactions using Bitcoin (BTC).
  • The update expands the popular services related to cryptocurrencies that are now available within the chat program, making it easier for anyone to make transactions or exchange BTC using the Telegram web interface.
  • Telegram’s recent move to introduce peer-to-peer trading of Bitcoin and expand the scope of cryptocurrencies is a significant development in the company’s efforts to become a key player in the developing world of decentralized finance (DeFi).

Telegram, one of the most popular social media platforms, has announced the addition of new features to its wallet web interface. The updated version of the wallet web interface allows users to purchase, withdraw, exchange, and perform peer-to-peer transactions using Bitcoin (BTC). This recent update is a significant development for Telegram as it aims to expand its presence in the crypto industry.

The updated feature enables users to perform multiple functions with Bitcoin through Telegram’s web interface, including the ability to make transactions and exchange BTC. Telegram’s expansion of popular cryptocurrency-related services within its chat program makes it easier for anyone to engage in BTC transactions.

Telegram has also updated its exchange sector by introducing a feature that allows users to instantly swap Bitcoin, Tether (USDT), and Telegram Open Network (TON) with one another at favorable rates. With these new features, Telegram is positioning itself as a key player in the rapidly growing world of decentralized finance (DeFi).

As the popularity and usage of cryptocurrencies continue to expand, it will be interesting to see how Telegram and other third-party industries adapt to the demands and expectations of users around the world. Telegram’s recent move to introduce peer-to-peer trading of Bitcoin and expand the scope of cryptocurrencies is a significant development that is likely to have a positive impact on the growth and adoption of digital currencies.

However, it’s worth noting that the Bitcoin trading price has witnessed a significant decline in the last few days. The price has fallen from $30,000 to the $27,000 mark, representing a decline of 3.58%, according to CoinMarketCap. While this decline is not directly related to Telegram’s recent update, it’s a reminder of the volatile nature of the cryptocurrency market and the need for caution when investing in digital currencies.

Overall, Telegram’s recent move to expand its presence in the crypto industry and add new features to its wallet web interface is a significant development that is likely to attract new users and drive the adoption of digital currencies. As the industry continues to evolve, we can expect to see more innovative developments from companies like Telegram as they seek to meet the changing needs and expectations of their users.

Nonhlanhla P Dube

Nonhlanhla P Dube is a senior news reporter at Rateweb. Nonhlanhla is a student of International Relations at the University of South Africa. She reports primarily on personal finance and economics. You can contact her directly by email at nonhlanhla@rateweb.co.za

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Published by
Nonhlanhla P Dube
Tags: Bitcoin

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