Telegram Wallet Bot enables users to send crypto in-app via revived blockchain project
Telegram users can now send cryptocurrencies via the messaging app following the launch of Telegram Wallet Bot, a bot that is powered by TON.
If you are a Telegram user, then you can now send cryptocurrencies via the messaging app following the launch of Telegram Wallet Bot.
The bot is powered by TON, which was developed by Russian tech giant Telegram and is now being resurrected as an open-source project after Gram tokens failed to launch as originally planned.
According to a report from CoinDesk, developers have created a new blockchain called Free TON, which is “a completely new network bearing no relation to the original project.”
The bot offers support for Bitcoin (BTC), Ethereum (ETH) and more than 300 other cryptocurrencies.
You, too, can use this bot. It offers support for Bitcoin (BTC), Ethereum (ETH) and more than 300 other cryptocurrencies. No bots for you? Don’t worry—you’re not a second-class Telegram citizen. The bot does not offer support for all cryptocurrencies, but only the more popular ones.
The bot was developed by a Dutch blockchain developer and Telegram community member, Pierre Rochard.
In addition to being a software engineer, Rochard is also a Bitcoin enthusiast who blogs about the cryptocurrency. He’s also one of the founders of the Nakamoto Institute, a non-profit organization that promotes Satoshi Nakamoto’s original vision for Bitcoin.
Rochard’s wallet bot has been in development for roughly a month, but only recently gained attention when it was featured on r/bitcoin, Reddit’s largest bitcoin community. It works using the Telegram Open Network (TON) project which aims to “create a fast and inherently scalable multi-blockchain architecture.”
Users can connect the bot to their wallets, which enables them to send crypto to other addresses using @wallet_bot or an associated email address.
Your Telegram wallet bot is only a few button presses away. Simply go to Wallet Bot and click the Start button, and you’ll be on your way. Connecting with Ledger or MetaMask is easy, but if you have a different wallet that supports Web3 such as Parity Signer or Trust Wallet, you can select “Other Web3 Provider” from the list of options.
After your wallet is connected, you can send crypto to other addresses from within Telegram using either @wallet_bot or an associated email address. It’s just like sending an email with attachments! The recipient will receive a link to open the attachment in their browser and claim the funds.
Users can link their wallets from Ledger, MetaMask or any other wallet that supports Web3
Telegram is a popular messaging app with over 200 million active monthly users. The Wallet Bot will enable nearly all of them to send cryptocurrency in-app without ever leaving Telegram. All that users need to do is link their Ledger, MetaMask or any other wallet that supports Web3.
Web3 is a tool used to interact with the Ethereum blockchain. It allows users to access DApps (decentralized applications) from Ethereum and other platforms without waiting for their own chain to launch. This means that with the Wallet Bot, anyone can send crypto directly from within Telegram using the same experience they expect when sending messages or media.
“I am going to focus on making it easy for people to use cryptocurrency in their day-to-day lives,” Rochard said. “So far, I’ve been amazed
at how much traction it has gotten.”
Pierre Rochard, a lead developer at Bitcoin wallet provider Sq., revealed a new Telegram Wallet Bot that lets users send crypto over the popular messaging platform.
The project utilizes the Telegram Open Network (TON), an offshoot of Ethereum and Bitcoin that was initially developed as an in-app cryptocurrency for the Telegram Messenger app. However, TON never launched due to a ban on Telegram from Russia’s communications regulator Roskomnadzor.
Rochard said he started working on the project to make it easy for people to utilize cryptocurrency in their everyday lives. He added: “So far, I’ve been amazed at how much traction it has gotten.”
The bot supports BTC and ERC20 tokens, with users able to receive crypto via AirDrop requests or by QR code scanning. According to Rochard, they can also store coins using Web3 wallets like MetaMask or Ledger hardware wallets.
More crypto payment options are becoming available for users.
In addition to the Telegram Wallet Bot, more ways to purchase and sell crypto are popping up around the globe. In May 2018, Coinbase introduced a service called Coinbase Commerce that enables merchants to accept Bitcoin Cash (BCH) from their customers. Later in the year, BitPay released a fully-featured point-of-sale app for merchants that offer products and services for sale as well as donation options. Users of this app can accept both BCH and BTC payments with zero fees attached.
The increasing availability of crypto payment options makes it easier for people to acquire and use cryptocurrency online or in stores. As more users adopt digital currency the space will become more mainstream, and hopefully more merchants will accept it as well.