Button Wallet to Bring Crypto Trading to 300 Million Telegram Users

Cryptocurrency trading became very popular in the past few years due to the massive returns on the investments. However, a large section of the trading community is still about to adopt digital currency trading.

With an aim of mass inclusion into cryptocurrency trading, Button Wallet is bringing peer-to-peer digital asset services to the 300 million Telegram app user.

The company on Monday unveiled its cryptocurrency testing playground on the Telegram Open Network (TON) and is giving away a small amount of Gram token to encourage traders.

“Cryptos biggest obstacle is mass adoption and what we’ve created will help people comfortable with trading cryptocurrency without using real money,” Alex Safonov, co-founder and chief executive of Button Wallet, said.

Operating as a peer-to-peer Trading Platform Trading Platform In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real Read this Term, the company is claiming that it is completely prone from other centralized exchange issues including threats of attack on the exchange-stored funds.

“Our goal is to give people an avenue to participate in peer-to-peer transactions without risks on one of the largest messenger platforms, Telegram. This will help teach consumers the ins and outs of how the messenger banking ecosystem works, creating consumer confidence and furthering mass-market adoption of digital assets,” Safonov added.

Largest ICO so far

Telegram unveiled its native blockchain network in early 2018, followed by an Initial Coin Offering (ICO) Initial Coin Offering (ICO) An Initial Coin Offering (ICO) is a kind of crypto token sale that is used as a method of fundraising, similar to an Initial Public Offering (IPO), in which stocks are sold to raise money for a company.In order to launch an ICO, a company simply needs to create a website, issue a token, and set a time and date for the sale. Investors buy ICO tokens in exchange for another cryptocurrency, like Bitcoin or Ethereum; after a set amount of time, they receive the tokens they purchased in the sale.Acco An Initial Coin Offering (ICO) is a kind of crypto token sale that is used as a method of fundraising, similar to an Initial Public Offering (IPO), in which stocks are sold to raise money for a company.In order to launch an ICO, a company simply needs to create a website, issue a token, and set a time and date for the sale. Investors buy ICO tokens in exchange for another cryptocurrency, like Bitcoin or Ethereum; after a set amount of time, they receive the tokens they purchased in the sale.Acco Read this Term) via which the company raised around $1.7 billion, making it the largest ICO so far. The token sale, however, was conducted behind closed doors, away from the retail investors.

In June, Liquid, a Japanese crypto trading platform, conducted a public sale of Telegram’s Gram token which it acquired from its investments.

Button Wallet is not the only player tapping the existing users of an established messaging platform. Earlier this year, Zulu Republic launched services to receive and send crypto over WhatsApp.

“There’s common fear around crypto which is preventing some people from becoming new users. Giving them the ability to practice performing transactions helps remove fear around trading real digital assets,” Rachael McCrary, chief operating officer at Button Wallet, added.