Telegram wallet users can now buy, withdraw and exchange Bitcoin

The users of the widely used Telegram messaging app now have the ability to purchase, withdraw, and exchange Bitcoin (BTC). It is noteworthy, however, that the Wallet bot and its associated services, which allow for these functions, were created by a third-party, as opposed to being developed by Telegram itself.

In fact, the Wallet bot and such similar services are created by third-party developers using Telegram’s open bot API. This means that anyone can utilize the API to develop their own crypto-related bot, without any direct involvement from Telegram.