Tech Giants Prefer Users Exchange Small Units of Cryptocurrency without Going through Banks

Steven Anderson By Steven Anderson September 5, 2019 Off
Cryptocurrency

Most of the Altcoins, including TCAT tokens, have registered minor gains.  The price of the Bitcoin continues to target $11,000.

Telegram is planning to create a standard cryptocurrency which can be used for the normal value exchange process in the lives of ordinary people. One of the media reports has to state that the first of the Gram units might be out in just a couple months.

It has been observed that Telegram, the messaging service has been working in secrecy for over a year now.  They have been working to beat Facebook in the race of launching a new cryptocurrency project.  While there is not much known about Gram, some of the sources state that the Telegram is focused on creating accessible services which are simpler and easier to use than Bitcoin.

One of the documents which have been leaked read “standard cryptocurrency used for the regular exchange of value in the daily lives of ordinary people.” Thus it gives a clue as to the current motive of Telegram.

When the document is closely scrutinized, the vision of providing for a secure and fast payment system to evolve to be an “alternative to Visa and Mastercard for a new decentralized economy” is very clear.

Facebook Libra has been announced for the 2020 Launch.  Sources report that Telegram is rushing to beat the social media giant.

The SEC filings have to state that the Telegram has raised $1.7 billion from nearly 200 private investors using the initial coin offerings (ICOs), which were executed in two stages.

There are no official statements from Telegram so far. However, the information has leaked off investors who were mostly based in the United States, Asia, and Russia.

Reliable sources have to state that “They (investors) are bound by a confidentiality clause,” further stating “at least a first-tier banker and a businessman from Russia’s Forbes list” who are among the investors.

The source also states that they could invest only via invitation, which many wanted to participate.

The current trend is that Tech giants prefer that users be empowered with the ability to exchange small units of money without having to go through banks.

Projects like these will “strengthen the fears of nation-states of losing influence” because cryptocurrencies are designed to function without the need for a central authority.  The current strategy for the success of a cryptocurrency is to integrate it with a messenger system.

Most of the Altcoins, including TCAT tokens, have registered minor gains.  The price of the Bitcoin continues to target $11,000.

Telegram is planning to create a standard cryptocurrency which can be used for the normal value exchange process in the lives of ordinary people. One of the media reports has to state that the first of the Gram units might be out in just a couple months.

It has been observed that Telegram, the messaging service has been working in secrecy for over a year now.  They have been working to beat Facebook in the race of launching a new cryptocurrency project.  While there is not much known about Gram, some of the sources state that the Telegram is focused on creating accessible services which are simpler and easier to use than Bitcoin.

One of the documents which have been leaked read “standard cryptocurrency used for the regular exchange of value in the daily lives of ordinary people.” Thus it gives a clue as to the current motive of Telegram.

When the document is closely scrutinized, the vision of providing for a secure and fast payment system to evolve to be an “alternative to Visa and Mastercard for a new decentralized economy” is very clear.

Facebook Libra has been announced for the 2020 Launch.  Sources report that Telegram is rushing to beat the social media giant.

The SEC filings have to state that the Telegram has raised $1.7 billion from nearly 200 private investors using the initial coin offerings (ICOs), which were executed in two stages.

There are no official statements from Telegram so far. However, the information has leaked off investors who were mostly based in the United States, Asia, and Russia.

Reliable sources have to state that “They (investors) are bound by a confidentiality clause,” further stating “at least a first-tier banker and a businessman from Russia’s Forbes list” who are among the investors.

The source also states that they could invest only via invitation, which many wanted to participate.

The current trend is that Tech giants prefer that users be empowered with the ability to exchange small units of money without having to go through banks.

Projects like these will “strengthen the fears of nation-states of losing influence” because cryptocurrencies are designed to function without the need for a central authority.  The current strategy for the success of a cryptocurrency is to integrate it with a messenger system.

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