Users Can Now Purchase, Withdraw, And Exchange BTC Via Telegram Wallet

Users of the popular Telegram messaging app can now purchase, withdraw, and exchange Bitcoin (BTC). It is worth noting, however, that the Wallet bot and its associated services, which enable these functions, were developed by a third party rather than Telegram itself.

Third-party developers use the open bot API of Telegram to create the Wallet bot and similar services. This means that anyone can utilize the API to create their own cryptocurrency-related bot, with no involvement from Telegram.

According to the latest announcement from the @wallet account on April 21st, users of the web interface now have the ability to buy, withdraw, exchange, and make P2P transactions in Bitcoin directly through the web interface. This move expands on the existing cryptocurrency-related services which are already popular within Telegram.

As cryptocurrencies gain popularity and adoption, it will be intriguing to see how Telegram as well as other third-party industry players continue to develop and modify their products to meet the evolving requirements and demands of users all over the world.