Why Telegram Is Compared To The Chinese Social Media Called WeChat

a year ago

Why Telegram Is Compared To The Chinese Social Media Called WeChat

WeChat differs from WhatsApp and Viber in the ability to make payments inside the messenger.

The second difference is the implementation of digital ID. It looks like Telegram Passport in a way.

Initially, WeChat was created as a WhatsApp competitor for the Asian market, but in time, it turned into a full-fledged social network with specific communities, stores, and payment system (embedded bank card), which are compared with the TON platform.

However, WeChat is censored by the Chinese government, which led to a massive transition of the WeChat crypto community to Telegram in the fall of 2017.

As we know from the TON White Paper, the Telegram currency of Gram will be used to safely move funds between the messenger users, bots, and third-party services.

Decentralization, lack of regulation control present in financial system, and the payment system efficiency are all important challenges that the Telegram team will have to face.