Telegram is deepening their bet on crypto and digital assets as the future of payments.

‍What’s happening:

  • Popular encrypted messaging app Telegram has launched a new payment technology known as Stars to enable instant global transactions between users

Why it matters:‍

  • Telegram is one of the fastest growing encrypted messaging apps in the entire world and has been a foundational aspect of many crypto focused communities

How it works:‍

  • Stars will allow for seamless borderless payments to be made inside of Telegram for both individuals and businesses
  • Payments made through Stars can be withdrawn and converted into Telegram’s crypto coin TON

By the numbers:‍

  • Telegram has approximately 900M users on their messaging app

The intrigue:‍

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