TransCrypt: Bitcoin transactions will be available in the Telegram interface

Industry: Financial Services

It will be possible to send and convert cryptocurrency in the interface of a familiar messenger.

Zug, Switzerland (PRUnderground) December 9th, 2017

In January 2018, a new payment service, TransCrypt, will enter the mobile app market, a service that will allow the sending, receiving and conversion of cryptocurrency using the Telegram interface. Transactions will occur in real time and with 0% commission.

Thanks to the use of the open-source code of Telegram, the list of contacts and message history will be saved in TransCrypt. Transferring cryptocurrency is as simple as selecting the required wallet in the chat window and entering the amount. Transaction security is assured by the use of the decentralised Blockchain data system and 3-factor MTPorto authorisation.

Nick Machulis, Chief Executive: “It is completely clear that cryptocurrency is not a short-term phenomenon, but a sought-after and progressive method of payment. Already, the turnover of bitcoin in dollar equivalent is higher than the turnover of the dollar on Visa cards*. We see ourselves in every client, and, therefore, seek to solve the problem of massive over-payments and transactions that take too long, with the maximum dedication. Our product is the only offer on the market that does not require any adaptation by the user. The user can send cryptocurrency in a familiar interface as easily as a message”.

Within the next six months, TransCrypt will allow transactions to be made with national currencies, including buying cryptocurrency directly from a bank card.

TransCrypt is being developed by an international company with its head office in Zug, Switzerland, and regional offices in five countries. The alpha version of this application will be released on 18th December 2017.

*Source – https://s1.q4cdn.com/050606653/files/doc_financials/annual/Visa-2016-Annual-Report.pdf
Disclaimer
  • The value of investments can go down as well as up
  • Investors may not get back the amount they invested  
  • Past performance is not a guide to future performance
  • Please consult an independent registered investment advisor before making any investment 
  • The news site hosting this press release is not associated with TransCrypt and Telegram. It is merely publishing a press release announcement submitted by a company, without any stated or implied endorsement of the product or service.

 

About TransCrypt

TransCrypt is a universal payment system in the interface of the usual instant messenger, which allows you to instantly send and receive any kinds of currencies right in the chat, pay for various products and services, and exchange the crypto -currency for other crypto- or national currencies.

TransCrypt aims to create a single window for all financial transactions, so you no longer need to worry about which currency is now in the electronic wallet, the system will automatically convert to the currency of the account or request.

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