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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Telegram, a global messaging is all set to launch mainnet and token for … be powered by the platform’s native cryptocurrency, known as “Gram.