Telegram plans to build non-custodial wallets and DEX.
A fragment has sold $50 million in usernames in less than a month.
Pavel Durov, the founder of the messaging app Telegram, revealed on November 30 through his Telegram channel that they are all set to build a collection of crypto tools. It includes non-custodial wallets and decentralized exchanges (DEX).
Telegram’s next step is to build a set of decentralized tools, including non-custodial wallets and decentralized exchanges for millions of people to securely trade and store cryptocurrencies. This way we can fix the wrongs caused by the current excessive centralization.
— Pavel Durov (@durov) November 30, 2022
This campaign is in response to the FTX collapse, which led many individuals to lose money. According to Durov, the blockchain sector was built on the promise of decentralization. But ending up centralized in the hands of a few who began to misuse their power.
Telegram’s CEO Crypto Plans
He said that the solution is
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