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Telegram launches its cryptocurrency within two months

UNITED STATES, WASHINGTON (OBSERVATORY) — As Facebook’s Libra crypto faces challenges from lawmakers, another social platform is gearing up to launch its own cryptocurrency.

According to a new report in the New York Times, Telegram will launch its own cryptocurrency within the next two months, and will be named Gram.

The currency, which has been rumored for some time, will work with a decentralized structure similar to Bitcoin, dealers will be able to make financial transactions and the application will create an electronic wallet to store money through its platform used by about 200 million people around the world.

Rumors have been circulating recently that Telegram has a time limit to launch its currency, October 31, and if it fails to do so on time, it will legally lose the $ 1.7 billion it raised to make this digital currency realistic. It can launch its currency as quickly as possible.

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