Telegram Passport: The Future of Secure ID Verification

On July 26, Telegram made a significant leap toward enhancing user security with the launch of their new tool, Telegram Passport. Designed specifically for the crypto and blockchain scene, this tool employs encryption to safeguard users’ personal identification information. Here’s why this could change the game for digital finance.

What Is Telegram Passport?

Telegram Passport allows users to securely share their ID data with third parties, such as financial institutions and ICOs. With an emphasis on privacy, the data is currently stored in the Telegram cloud, but plans to migrate to a decentralized cloud in the future hint at Telegram’s commitment to user autonomy.

Integration with ePayments: A Match Made in Crypto Heaven?

Just when you thought things couldn’t get more exciting, Telegram Passport is already integrated with ePayments, a digital payment operator. With ePayments being the first electronic payments system to support this new identification tool, verification can be completed in just a few clicks. Talk about smooth sailing!

The Bright Future of Telegram

Pavel Durov, the brains behind Telegram, was recently recognized in Fortune’s 40 Under 40 rankings, marking him as one of the most influential disruptors in global business. Notably, before launching Telegram, Durov was the mind behind VK.com, Russia’s quintessential social media platform.

Massive Financial Backing

Telegram’s ambitions don’t stop with identification tools. Earlier this year, they raised a remarkable $1.7 billion through two closed funding rounds for their upcoming cryptocurrency, TON. With ambitions that include a public ICO, Telegram seems to have more plans up its sleeves despite some funding hiccups.

ePayments: The Payment Processor of Choice

ePayments isn’t just a blip on the radar; they service over 500,000 freelancers and 1,000 companies globally, with a range of cryptocurrencies on offer including Bitcoin, Ethereum, and Litecoin. This partnership with Telegram might be the beginning of a new era for secure transactions!

Blockchain Innovations from Tech Giants

While all eyes are on Telegram, other tech players are also innovating. Recently, Hitachi and KDDI announced trials for a retail coupon settlement system utilizing blockchain technology for biometric authentication. The race for the most cutting-edge payment solutions remains heated!