Telegram Poised to Launch Native Cryptocurrency

This article was originally published by Sputnik News – Business.

A prominent encrypted messaging app, established by the founder of Russia’s largest social network, apparently intends to launch its own cryptocurrency, backed by a massive initial coin offering.

Cloud-based messaging service Telegram is poised to introduce Gram — its own brand of cryptocurrency, backed by an upcoming major initial coin offering which is expected to take place by March.

According to Techcrunch, an online magazine, a native cryptocurrency may afford Telegram’s payment system “enormous independence from any government or bank”, not to mention that “the potential for a cryptocurrency inside a widely adopted messaging app is enormous.”

“Telegram is already the de facto communication channel for the global cryptocurrency community, making a natural home to its own coin and Blockchain,” Techcrunch contributors remark.

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