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Telegram’s Wallet bot Enables Bitcoin and USDT Payments for Merchants

Telegram’s Wallet bot, built on The Open Network (TON) blockchain, has launched a crypto payment solution that allows merchants to accept Bitcoin (BTC), Tether (USDT), and TON payments through the messaging app.

This marks the first time that Telegram merchants have gained access to in-app crypto payments.

The TON blockchain-powered chatbot allows instant payments within chats, enabling users to transfer cryptocurrencies.

In Short :

  • The new third-party chatbot allows instant Bitcoin, USDT, and TON payments via Telegram.
  • The integration of cryptocurrency into the bots used to accept payments allows merchants to accept payments in BTC, USDT, and TON.
  • Telegram’s Wallet bot is enabling merchants to accept Bitcoin (BTC) and Tether (USDT) through the messaging app.

How to Receive Payments Via Telegram’s Wallet Bot

To receive crypto payments on Telegram, merchants must first apply on the Wallet Pay website.

Once approved, they can use Telegram’s Wallet bot to accept payments in Bitcoin, USDT, and TON.

Here are the general steps to accept cryptocurrency payments via Telegram using an API:

  • Choose a cryptocurrency payment platform that offers a Telegram API integration.
  • Cryptomus is a great choice of a payment platform that offers this feature.
  • Sign up for an account with the payment platform and follow the necessary steps to set up your payment account and API credentials.
  • Integrate the payment gateway API with your Telegram bot or channel.
  • You will need to add the API credentials to your bot or channel settings.
  • Create a payment link or QR code for your Telegram channel or bot.
  • This will allow users to click on the link or scan a QR code and be taken to the payment page.
  • Once the payment is made, the payment platform will notify you and transfer the funds to your account.

Telegram Bot Payments is a free and open platform that allows sellers to accept payments for goods and services from Telegram users.

Telegram doesn’t collect payment information and takes no commission.

Note that Telegram acts as a messenger between the paying user, the bot developer, and their chosen payment system.

The user sends their credit card details directly to the payment system.

What cryptocurrencies are supported by Telegram’s Wallet bot

Telegram’s Wallet bot currently supports the following cryptocurrencies :

  • Bitcoin (BTC): The world’s first and most well-known cryptocurrency.
  • Tether (USDT): A stablecoin that is pegged to the value of the US dollar.
  • Toncoin (TON): A cryptocurrency that is specific to the Telegram Open Network (TON) blockchain.

These three cryptocurrencies are currently available for use with Telegram’s Wallet bot, allowing users to store, trade, and transfer them within the app.

It’s important to note that the availability of cryptocurrencies may change over time,

so it’s always a good idea to check for any updates or announcements from Telegram regarding supported cryptocurrencies.

how secure are cryptocurrency payments through Telegram’s Wallet bot

Cryptocurrency payments through Telegram’s Wallet bot are designed to be secure.

Here are some factors that contribute to the security of these payments :

  • Blockchain Technology: Telegram’s Wallet bot is built on The Open Network (TON) blockchain, which is known for its robust security features.
  • Blockchain technology ensures transparency, immutability, and resistance to tampering, making it difficult for malicious actors to manipulate transactions.
  • Encryption: Telegram, the messaging app on which the Wallet bot operates, uses end-to-end encryption for all messages and data exchanged between users.
  • This means that only the intended recipients can decrypt and access the information, providing an additional layer of security.
  • Private Keys: Users of the Wallet bot have control over their private keys, which are necessary to access and authorize transactions.
  • By keeping the private keys secure, users can prevent unauthorized access to their funds.
  • Two-Factor Authentication (2FA): Telegram supports two-factor authentication, which adds an extra layer of security by requiring users to provide a second form of verification, such as a code sent to their mobile device, in addition to their password.
  • Secure Infrastructure: Telegram has invested in robust security measures to protect user data and transactions.
  • They employ encryption protocols, secure servers, and regular security audits to ensure the integrity of their platform.

While these measures contribute to the security of cryptocurrency payments through Telegram’s Wallet bot,

it is important for users to also take personal precautions, such as using strong passwords, enabling 2FA, and keeping their private keys secure.

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