Merchants on messaging app Telegram are now able to accept payment in cryptocurrency as services provider Wallet expands beyond its chat-centric payments mechanism.
Wallet, which is built on The Open Network (TON) blockchain, already allows crypto transfers between users in chats. Now it's letting merchants integrate cryptocurrency into the bots they use to accept payments.
The system allows for payment for goods and services using tether (USDT), bitcoin (BTC) and toncoin (TON).
While the provision for crypto services within Telegram began over a year ago by making the sending and receiving of it in theory as simple as sending an instant message, it's still not been widely adopted. Just 2 million of the more than 700 million Telegram members use Wallet services, the payments provider said.
TokenInsight is dedicated to covering the most important and cutting-edge trends in the world of crypto. If you have information to share with us, please feel free to contact our email news@tokeninsight.com. Your trust will be well respected.
Layer 1
Payment
