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Telegram improves its wallet and allows external transactions

The instant messaging application Telegram has just made improvements to the in-app crypto wallet offered to users.

Mis à jour le 12/05/2022 à 13:07

Telegram has been offering a wallet for several months within its app. Users could buy tokens (Bitcoin and Ton), store them on the wallet and execute transactions with other members instantly.

Then, the instant messaging app had added an exchange platform within the app. It allows users around the world to buy and sell tokens.

The advantage is that everything happens on the app and users can directly receive the money in their external bank account. A way to allow all people of any nationality, country, origin, to have access to cryptocurrency.

The Telegram wallet takes a turn

Telegram has just made improvements to its wallet, and not the least.

Until now, users could interact with the tokens inside the app and sending was also limited to transactions between Telegram users.

Now users can send and receive tokens to addresses outside of the app.

Within minutes, you can initiate a transaction to an external wallet. You can also have the address of your wallet easily.

As a reminder, just start a conversation with “/wallet” to interact with it.

You can also click on the small pin at the bottom left of your screen when you are in a conversation, in the same way as to send media.

Then click on “Wallet” to access your wallet and all associated features.

You can send, receive or buy tokens through the TON network. Access to the peer-to-peer exchange is also done from the Telegram wallet.

Telegram : always more in cryptos

We know that the app is very crypto-oriented and that its founder, Pavel Durov, strongly supports blockchain technologies.

He himself created the Ton token, used within Telegram for transactions.

He recently announced that Telegram is working on an external and decentralized wallet, as well as a decentralized crypto exchange.

He believes that the bankruptcy of FTX reminds us that we need more decentralization and return to the basics of cryptos. We do not yet know anything about the details of the further development of these solutions.

⚠️ This article is published for informational purposes and should not be considered as investment advice. Crypto-currency trading involves risk and it is important not to invest more than you can afford to lose.

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Thomas

Web editor for many years and SEO specialist, Thomas became an editor for InvestX when the site was launched. Passionate about the field of crypto and Web3, Thomas has made it his mission to deliver maximum value and introduce readers to the world of blockchains, considered for him as the world of tomorrow.