Two firms team up to facilitate buying of bitcoin and ether via Telegram

Cryptocurrency • December 26, 2019, 9:01AM EST
BigTunaOnline / Shutterstock.com

Fiat gateway infrastructure provider Simplex has partnered with cryptocurrency wallet provider Broxus to facilitate buying of bitcoin (BTC) and ether (ETH) directly via Telegram.

The service is based on Telegram bot @broxusbot, Simplex told The Block, adding that users can purchase the two cryptocurrencies with a regular bank card via the bot.

Users are then routed to checkout with Simplex, who takes care of the authorization, payment processing and delivery of cryptocurrencies, said the firm, which is one of Binance's fiat gateway partners. 

THE SCOOP

Keep up with the latest news, trends, charts and views on crypto and DeFi with a new biweekly newsletter from The Block's Frank Chaparro

By signing-up you agree to our Terms of Service and Privacy Policy
By signing-up you agree to our Terms of Service and Privacy Policy

"To achieve our mission of enhancing crypto adoption and usability, we are working constantly to be present on any platform that users can engage and use crypto on. The Broxus bot enables the masses of Telegram users with great user experience, coupled with the simplex secure and global fiat infrastructure for the crypto world," Nimrod Lehavi, founder and CEO of Simplex, told The Block.

Broxus is backed by TON Ventures, a representative of the firm told The Block, adding: "Mission of Broxus Bot is to make cryptocurrency a commodity."

Both Simplex and Broxus declined to share details on how many users have opted for the service and how much has been transacted in both BTC and ETH so far.

Button Wallet also currently offers buying of crypto via Telegram. On the competitive edge, the Broxus representative said: “We have significantly better UI, convenient inline mode, invoices and vouchers, instant transfers, native support of GRAM and many other customer-oriented features.”

About Author

Yogita Khatri is a senior reporter at The Block, covering all things crypto. As one of the earliest team members, Yogita has played a pivotal role in breaking numerous stories, exclusives and scoops. With nearly 3,000 articles under her belt, Yogita holds the records as The Block's most-published and most-read author of all time. Prior to joining The Block, Yogita worked at crypto publication CoinDesk and The Economic Times, where she wrote on personal finance. To contact her, email: [email protected]. For her latest work, follow her on X @Yogita_Khatri5.