Telegram has indicated that it will release its gram cryptocurrency before October 31st. Telegram is a company that offers users an encrypted messaging service and has also announced it plans to provide cryptocurrencies on its platform. The company has also stated that the first currencies will be released over the course of the next two months.
Users will be able to store their gram cryptocurrency in a Gram digital wallet, which Telegram will also create.
The October 31st date was selected due to governmental pressures. Telegram will have to launch its crypto ahead of that date, or it may not be able to launch the currency.
Telegram venturing into cryptocurrencies would disrupt the previous conventions of the industry. This aligns with cryptos being used in conjunction with an encrypted messaging service.
Image Credit: Telegram