Solana-Based Sphere Labs Debuts Banking Integration on Telegram

Solana-Based Sphere Labs Debuts Banking Integration on Telegram

Sphere Labs a blockchain development company that uses Solana technology has introduced a new Telegram extension that allows users to easily transfer money between bank accounts and digital wallets.
The new feature is expected to help Telegram users make and receive payments by incorporating banking services into the platform.
Sphere’s Extension Revolutionizes Telegram Transactions
The bank-to-wallet function presented by Sphere Labs enables money transfers between users’ bank accounts and their wallets in Telegram. This service, which is expected to be ready for the initial batch of users in the week beginning May 27, will cost a token of 0.1% per transaction.
BREAKING: Solana-based @sphere_labs introduces SphereBot, allowing users to on-ramp directly from their bank account to their wallet and off-ramp without leaving Telegram.
pic.twitter.com/pUVnX6jdws
— SolanaFloor (@SolanaFloor) May 27, 2024

The initiative is aimed primarily at the clients with USD or EUR bank accounts

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