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  • The wallet bot enables users to buy, withdraw, and sell BTC.
  • The service is available alongside a new instant exchange for swapping BTC, USDT, and TON.

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Instant messaging platform Telegram has integrated Bitcoin enabling users to purchase, withdraw, and trade the digital asset through a third-party wallet bot.

The chatting platform announced the step Friday, noting that the offering was facilitated through its open bot API, an open service for creating independent crypto-related bots.

‘‘Bitcoin and a new instant exchange are now available on the @wallet web interface. (Users) can now buy, withdraw, exchange, and make p2p transactions with BTC directly through the updated web interface. It is now possible to buy Bitcoin using a bank card or the P2P market in the
‘Buy&Sell’ section of (the) platform interface,’’ the announcement noted.

Additionally, Telegram users were reminded that the updated ‘exchange’ section enabled instant swapping for Bitcoin, USDT, and TON.

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Telegram’s USDT integration

Telegram integrated stablecoin Tether (USDT) last month, according to a report published by CryptoWhat, allowing for the purchase and sale of the digital asset using the dollar-pegged stablecoin. USDT is a top stablecoin currently valued at $81 billion. The integration was welcomed by experts as a step to boost the adoption of digital assets partly due to its relative stability.

Telegram has been upbeat about blockchain technology, having entered the space in 2020 through a proprietary project dubbed The Open Network (TON). The project later faced regulatory hurdles forcing the messaging app to abandon it.

The British Virgin Islands–based firm is also making strides in blockchain storage solutions through TON storage, a service for exchanging files with incentives paid to the hosting nodes. Other plans Telegram is working on, according to its CEO Pavel Durov, are a decentralized exchange and a cryptocurrency wallet.

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CryptoWhat
CryptoWhat was created in 2015 and has become one of the most trusted and well-respected sources of information on all things crypto. The blog's authors are dedicated to providing clear, concise, and jargon-free explanations of this complex technology, so that everyone can understand it.