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Can someone explain what’s the difference between this and when Telegram tried to introduce their coin?
by clvx 5y ago
Can someone explain what’s the difference between this and when Telegram tried to introduce their coin?
- MagnumOpus 5y agoScale. Telegram has 50m users that use it seriously and all of them also use other messaging. Whatsapp has 1-2 billion, and for a majority of them it is their main or only messaging application. 20x larger scale means 20x more clout to bribe/lobby lawmakers and to get around the KYC/AML rules that are the main obstacle in these sorts of things.
- qqii 5y agoThe other major difference is their use of Paxos USD, a stablecoin that's tied to the dollar.