Telegram Achieves 950 Million Users, Set to Exceed One Billion, as Durov Emphasizes Major Blockchain Developments and Enhanced Security Measures

B. Ali
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Pavel Durov, CEO of Telegram, predicts that 2024 will see increased use of blockchain technology. Meanwhile, he announced that Telegram will add new features, such as a mini app store, an in-app browser for Web3, and tools to fight crypto scams.

With Telegram’s user base nearing one billion, these updates aim to make the app more central to the blockchain world and improve user experience by integrating blockchain features directly into Telegram.

This in turn, users will soon have better access to blockchain services and a safer environment for using crypto-related features on the app.

According to the latest reports, the app will soon reveal the registration month and main country of public accounts, similar to Instagram’s features, to help users spot suspicious accounts.

Moreover, the organizations will also be able to use mini apps to add labels to channels, which will help verify information in a decentralized way.

Consequently, these changes are designed to increase trust and security on Telegram, making it easier for users to identify reliable and trustworthy accounts and avoid falling for scams.

This news boosts investor and market sentiment by signaling Telegram’s strong commitment to blockchain and enhanced security. The new features and anti-scam measures are likely to attract more users and investors, boosting confidence in the platform’s future growth and reliability.

Durov’s 2022 Announcement Boosts Confidence in Telegram’s Blockchain Role with Decentralized Tools

It is worth recalling that in November 2022, Pavel Durov, CEO of Telegram, shared plans to create new tools for handling cryptocurrency securely.

These tools include non-custodial wallets and decentralized exchanges, which let users manage their own transactions without needing traditional banks or financial institutions.

Using technologies like the Open Network (TON), these tools will help people handle their cryptocurrency directly, making the system more secure and independent.

Durov’s announcement boosted confidence in Telegram’s future role in the blockchain space. The focus on decentralized tools and technologies like TON attracted the attention of investors.

Telegram Hits 950 Million Users, Poised to Surpass One Billion, Boosting Investor Confidence

As we already mentioned above, Pavel Durov revealed that Telegram now has 950 million monthly active users, up from 900 million earlier this year. He expects the app to soon reach one billion users, which would be a significant achievement.

This growth shows that more people are using and enjoying Telegram. It’s a positive sign for investors and indicates that the app is engaging users effectively and becoming more popular.

About B. Ali PRO INVESTOR

Live webinar speaker and derivatives (Forex, Crypto, and Indices) analyst with a broad range of skills for evaluating financial data, investment trends, technical analysis, fundamental analysis, and the best ways to strategies investment selection.  Expertise: Trading Psychology; Speculative Positioning & Market Sentiment; Technical & Fundamental Analysis.