Telegram is deepening their bet on crypto and digital assets as the future of payments.
What’s happening:
- Popular encrypted messaging app Telegram has launched a new payment technology known as Stars to enable instant global transactions between users
Why it matters:
- Telegram is one of the fastest growing encrypted messaging apps in the entire world and has been a foundational aspect of many crypto focused communities
How it works:
- Stars will allow for seamless borderless payments to be made inside of Telegram for both individuals and businesses
- Payments made through Stars can be withdrawn and converted into Telegram’s crypto coin TON
By the numbers:
- Telegram has approximately 900M users on their messaging app
The intrigue:
- Telegram’s native digital asset recently got their very own Exchange Traded Product listed on the Nordic Growth Market, which was launched by DeFi Technologies (CBOE: DEFI)
