Bitcoin (BTC) Transactions through Telegram Wallet

• Telegram introduces Bitcoin transactions on the wallet web interface.
• Users can swap BTC, USTD, and TON with one another.

Telegram, the social media platform, has updated the features of the wallet web interface. The new update allows users to purchase, withdraw, exchange, and make P2P transactions using Bitcoin (BTC). Telegram has recently been working to extend its presence in the crypto sector.

₿𝗥𝗘𝗔𝗞𝗜𝗡𝗚: Telegram adopts #bitcoin pic.twitter.com/2QOunvF8Fe

— Documenting ₿itcoin (@DocumentingBTC) April 21, 2023

According to the report, the updated feature will allow users to perform multiple functions with Bitcoin through Telegram’s web interface. Telegram’s update expands the popular services related to cryptocurrencies that are now available within the chat program. This means anyone can make transactions or exchange BTC using the Telegram web interface.

Telegram Getting into the Crypto World

Telegram also updated the exchange sector with a feature that allows users to instantly swap Bitcoin, Tether (USDT), and Telegram Open Network (TON) with one another at favorable rates.

Moreover, Telegram’s recent move to introduce the peer-to-peer trading of Bitcoin and to expand the scope of cryptocurrencies is a significant development in the company’s efforts to become a key player in the developing world of decentralized finance (DeFi).

It will be interesting to see how Telegram and other third-party industries continue to develop and adapt to the demands and expectations of users throughout the world as the popularity and usage of cryptocurrencies continue to expand.

The Bitcoin trading price has witnessed a massive decline in the last few days. The price has fallen from the $30k to the $27 mark. At the time of writing, the trading price of Bitcoin is around $27,284.28, with a decline of 3.58%, according to CoinMarketCap.