As a researcher with a background in blockchain technology and digital finance, I’m closely following Telegram’s latest announcement regarding the change in their crypto wallet service provider. WOT Global Solution LTD will take over from the current provider, citing better services to users as the reason for the switch.
Telegram, the popular social networking platform, has made an announcement regarding a shift in its crypto wallet service provider. Amidst the recent buzz surrounding cryptocurrencies and the surge of users joining the platform, particularly for playing games, Telegram will be bringing on board a new company to manage its digital wallet services.
WOT Global Solution Takes Over
On May 29, Telegram notified users via a circular that starting May 30, WOT Global Solution LTD would be taking over as their new Wallet service provider. The reason given for this change was to offer improved services to users.
Based on the announcement, users are required to submit further Know Your Customer (KYC) information such as their full names, dates of birth, and phone numbers. By using the service after the new terms and conditions take effect, users consent to the collection and transfer of their personal data.
As a user of Wallet, I acknowledge and consent to the transfer of my provided information, such as name, address, phone number, and transaction data, along with any additional data we’ve collected during my usage. This action aligns with our Privacy Policy.
As a crypto investor using Telegram’s wallet, if you’re uneasy about the recent updates, you have the option to discontinue the service, withdraw your funds, and delete your account entirely. By doing so, you’ll no longer be bound by the new terms and conditions or have your data transferred.
Telegram’s Crypto Wave
The integration of blockchain technology by Telegram has led to a surge in new players entering the market, as well as institutional adoption. Based on information from DeFi data platform, DeFiLlama, The Open Network has recorded over $319 million worth of deposits and a rising number of wallets.
This month, more than 8 million users have engaged with Telegram’s Hamster Kombat and various mini apps. Additionally, Telegram hosts Notcoin, which enables users to earn cryptocurrency by finishing tasks. As users passively accumulate digital assets, some observers argue that this setup is an effective introduction to the world of crypto for newcomers.
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2024-05-29 21:04