Telegram is increasing its influence in the cryptocurrency market by launching a new function for P2P trading of Bitcoin (BTC).
Following a statement made on April 21st by the @wallet account, Bitcoin P2P transactions, purchases, and withdrawals may all be made straight from inside the Telegram web interface. This action expands upon the already popular services encircling cryptocurrencies within the messaging program. The announcement notably states:
“Bitcoin may be purchased using the @wallet online interface, and a brand new quick exchange has also been added. Direct BTC purchases, withdrawals, exchanges, and P2P transactions are now possible via our updated web interface. In the “Buy & Sell” section of our user-friendly interface, it is now possible to acquire Bitcoin using a bank card or the P2P market.”
The addition to the platform’s “Exchange” allows users to quickly trade Bitcoin, Tether (USDT), and Telegram Open Network, as was mentioned in the release.
Telegram’s latest decision to introduce peer-to-peer trading for Bitcoin and expand its cryptocurrency exchange options represents a significant step forward in the company’s efforts to become a major participant in the rapidly-evolving world of digital finance.
As the prevalence and adoption of cryptocurrencies continue to rise, it will be fascinating to observe how Telegram and other industry actors innovate and adjust to meet the shifting requirements and expectations of global users.
Also Read: Tether Mints One Additional Billion USDT On Ethereum As Its Stablecoin Dominance Increases
Wallets