- USDT is available on TON via Telegram.
- Telegram’s 900 million users gain access to easy USDT payments.
- Setting up the wallet is straightforward.
The integration of cryptocurrencies into mainstream applications continues to gain momentum. On Friday, April 19, Telegram announced a significant update for its users: the ability to make payments using the USDT stablecoin through The Open Network (TON).
This integration not only enhances the functionality of Telegram as a communication platform but also marks a major step in making cryptocurrency transactions more accessible to its nearly 900 million users worldwide.
Setting Up Your Telegram Wallet for USDT Payments
Setting up your Telegram wallet to handle USDT payments involves a straightforward process facilitated by the @wallet bot on Telegram. This integration allows you to engage in cryptocurrency transactions efficiently within the Telegram app itself, leveraging The Open Network (TON) blockchain technology.
Start by searching for the @wallet bot in your Telegram app. This bot will be your interface for all wallet-related activities. Once in the chat, engage with the bot by starting a conversation, by clicking “Start”.
Follow the instructions provided by the wallet bot to set up your new crypto wallet. This will include agreeing to the Telegram Wallet’s terms of service. After setting up your wallet, you can proceed to purchase USDT directly through the Wallet bot.
You will have options to buy USDT using various payment methods, including bank cards, adding from an external wallet, and buying from a P2P marketplace.
To send USDT to another user, navigate to the payment option within the Wallet bot, select USDT as your currency, and enter the amount you wish to send. You will need the recipient’s Telegram username or a linked phone number to complete the transaction.
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Receiving USDT is just as straightforward. Provide your Telegram username or linked phone number to the sender. The funds will appear in your Telegram wallet once the transaction is completed.
Security Tips for Using the Telegram Wallet for USDT Payments
With the convenience of integrating USDT payments within Telegram comes the need for heightened security measures and awareness of potential risks. Here are essential tips and considerations to ensure the safety and efficacy of your transactions.
- Set up Password or Face ID on Phone and Telegram Account: Passwords or Face ID is your first line of defense against unauthorized access to your funds. This ensures that even if someone gains access to your device, they cannot access your wallet without your permission.
- Secure Wallet Configuration: Follow the security setup instructions carefully during the wallet configuration with the @wallet bot. Choose a robust, unique password for your wallet and do not reuse passwords from other accounts.
- Phishing Scams Awareness: Be vigilant about phishing attempts. Always verify the authenticity of any contacts or messages claiming to be from Telegram or associated services. Remember, Telegram will never ask for your password or security details outside of the official wallet setup process.
- Update Regularly: Keep your Telegram app updated to ensure you have the latest security patches and features. Developers continuously enhance security features to guard against new threats.
- Backup and Recovery: Securely store any backup credentials or recovery phrases necessary for your wallet. It’s advisable to keep these offline in a secure location to prevent potential cyber threats.
On the Flipside
- Cryptocurrencies, including stablecoins like USDT, are subject to evolving regulatory landscapes, which could impact their availability in different jurisdictions, including within the Telegram app.
- On April 10, blockchain security firm Certik revealed an exploit in the Telegram messenger. Exploits like these have the potential to put user’s funds at risk.
Why This Matters
The integration of USDT payments into Telegram represents a significant advancement in making cryptocurrency transactions more accessible and integrated into everyday digital communication.
Read more about the Telegram founder’s views on government surveillance:
Telegram CEO Proposes Crypto-Like Tech to Block Govt Spying
Read more about Solana’s recent performance:
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