Telegram founder Pavel Durov, has revealed plans to launch several decentralized crypto products, which could include a crypto exchange as well as non-custodial wallets. In a message on his personal Telegram channel, Durov states this new venture will try and steer the crypto community away from centralized exchanges, and using their already developing “The Open Network” (TON) blockchain platform, it gives even more reason to get away from “legacy platforms” that required centralization to give users a more seamless experience.

I am a huge Telegram fan and I actually have some hope in the quality of their future offerings. However, I also see this as an opportunity for Durov to bring in crypto Twitter users to Telegram…permanently. Mad-Man Musk vs Durov? I’d say Durov might have the upper-hand, as long as his future products aren’t faulty.

Written by: nikethereum.eth / Medium / Mirror