With this new feature, Wallet supports three cryptocurrencies: Bitcoin, Tether (USDT), and Toncoin (TON).Īs businesses and individuals increasingly adopt in-app services, Telegram's new feature could transform how users conduct their crypto transactions.Īt the end of 2022, Telegram founder Pavel Durov unveiled plans to launch a decentralized exchange and non-custodial wallets. In Brief Binance has announced its 32nd IEO, the Arkham (ARKM) token sale, causing controversy in the crypto community. Users can access the Wallet Pay service via a dedicated bot on Telegram or the official Wallet Pay website. Based on the open protocol known as the Telegram Web Apps, it allows developers to create their unique apps and services within the Telegram ecosystem. We have had a few hundred requests collected by our support team, but we did not start the KYB procedure with these requests prior to launch, so we don’t yet know who will be the first to implement the feature.ĭespite being integrated into the Telegram messenger, Wallet operates independently.
The platform has yet to launch its Know Your Business (KYB) procedure. It’s a simple way to participate in staking on the ETH 2.0 Beacon Chain. A Wallet representative said: Businesses should decide if they are allowed to do business within their jurisdiction before applying to make use of Wallet Pay.Ī few of these jurisdictions where crypto payments for products and services are prohibited include Russia, Indonesia, Vietnam, Iran, and Egypt, among others.Īs Wallet prepares to roll out its new payment feature, there is no clear indication of which merchants will be the early adopters. BETH is a tokenized version of staked ETH on Binance. Countries facing exclusion from Wallet Pay's services include Iran, Myanmar, and North Korea.įor those countries where residents are not permitted to make crypto payments, Wallet insists that local businesses must bear the responsibility of compliance. Certain countries, including the United States and others that have been blacklisted by the Financial Action Task Force, will not have access to the service. However, it's important to note that Wallet Pay does not cater to every jurisdiction. Find more crypto exchange options on our Crypto Exchange Tracker. The most active and popular exchanges for buying or selling STETH are Binance, Kucoin & Kraken. All data and prices are updated in real-time. Lido stETH price today is 62.95 below all time high, and it is above all time low. Wallet announced on July 13th that this new payment feature is immediately accessible in all jurisdictions where its service is available, marking an important evolution in the crypto-friendly platform. Currently, Lido stETH rank on the market is 8.
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