Home News Bitcoin Button Wallet to Launch Crypto Testing on Telegram Open Network

Button Wallet to Launch Crypto Testing on Telegram Open Network

August 27, 2019 13:38
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A messaging app, Button Wallet, which offers solution for trading as well as buying cryptocurrency announced recently that it was launching its cryptocurrency testing playground on the Telegram Open Network (TON).

A press release quoted Alex Safonov, CEO and Co-Founder, BUTTON Wallet, as saying, “Cryptos biggest obstacle is mass adoption and what we’ve created will help people comfortable with trading cryptocurrency without using real money. With all the fanfare surrounding Facebook’s Libra digital currency, there hasn’t been a way to explore digital assets without risk, until now with BUTTON Wallet and the Telegram Open Network. Our goal is to give people an avenue to participate in peer-to-peer transactions without risks on one of the largest messenger platforms, Telegram. This will help teach consumers the ins and outs of how the messenger banking ecosystem works, creating consumer confidence and furthering mass-market adoption of digital asset.”

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This collaboration has been in the offing for quite some time now. In May, Crypto-News India had reported that the messaging app had taken one step forward and integrated with Button Wallet.

The wallet was introduced in 2018, in order to ease the transfer of coins, doubling up as a messaging app. The Button Wallet had said that it has 100,000 users with 2,000 actively using the product. The Chief Operation Officer of Button Wallet, Rachael McCrary, had said, “For mass-market adoption of decentralized banking, you need more people. You need to make it easier for people to buy in.”

Rachael McCrary, COO at BUTTON Wallet said, “There’s common fear around crypto which is preventing some people from becoming new users. Giving them the ability to practice performing transactions helps remove fear around trading real digital assets.”

In June, a cryptocurrency exchange known as Liquid had announced that TON’s Initial Coin Offering would take place on its platform.The sale was set to go live on July 10, with USDC and USD accepted as funding methods. The token launch was expected to launch October 31st 2019. The utility token will be released over a four-part period totalling 18 months following the launch.

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