FintechTechnology

Telegram to launch of Its ‘Cryptocurrency’ Gram By October 31, 2019

Telegram to launch of Its ‘Cryptocurrency’ Gram By October 31, 2019

The long-awaited cryptocurrency token from instant messaging platform Telegram is allegedly rolling out to investors very soon, but we should remain skeptical.

According to a report from The New York Times, Telegram will be delivering the “first batches” of the Gram tokens to investors by October 31.

Three investors – that have spoken with Telegram – told NYT that the messaging app is planning to make Gram wallets available to two-thirds of its 300 million global users. NYT‘s sources asked to remain anonymous as they have signed nondisclosure agreements.

The informants also told NYT that a test net of the Gram network will be released within the next week or two.

It’s a bold move from the messaging platform. Similar companies, like Facebook and Kik, have faced continued scrutiny over plans for their so-called cryptocurrencies.

Telegram however, has largely progressed unchallenged, mostly because it’s been quite secretive about its plans for Gram.