Telegram to bring cryptocurrency ‘Gram’ soon

In 2017, Social media messenger app-maker Telegram had announced to bring its own cryptocurrency Gram. It had even raised close to $1.7 billion from investors and was supposed to launch ICO (Initial Coin Offering) in mid-2018 but backed out for reasons unknown. Now, reports are coming in that it’s happening before the end of October 2019.

The company plans to bring digital Gram wallet for its 200 million-plus app users in a couple of months for cryptocurrency transaction, The New York Times reported citing Telegram investors.

It is said that Telegram has to launch the Gram by October 31 or else it will lose $1.7 billion worth investments, which was raised in 2018.