🖁 Telegram wants to build its own DEX and non-custodial wallet

🖁 Telegram wants to build its own DEX and non-custodial wallet 💳 Stripe launches project to facilitate fiat-to-crypto payments 🥴 Biggest Russian bank Sber announces Ethereum support for its blockchain platform

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Here's what happened over the weekend:

🖁 Telegram wants to build its own DEX and non-custodial wallet

💳 Stripe launches project to facilitate fiat-to-crypto payments

🥴 Biggest Russian bank Sber announces Ethereum support for its blockchain platform

Telegram wants to build its own DEX and non-custodial wallet

As you probably already know, crypto community is in love with telegram due to its privacy, and most importantly, convenience. Pavel Durov, the CEO of the app, has recognized this fact and decided to make it even more attractive. He announced that they are launching a set of decentralized tools which include a cryptocurrency exchange and a non-custodial crypto wallet.

He also pointed to the success of Fragment, a decentralized auction platform he helped build. The Open Network (TON) is its underlying blockchain which has already sold $50 million worth of Telegram usernames in less than a month. According to Durov, it will expand beyond usernames in the coming days.

Non-custodial wallets are great for users who value privacy, as they have full control of their private keys and therefore, the ownership of their crypto assets. This is an important security measure in an age where hacks are becoming more successful with every passing day.

"Not your keys - not your crypto": that’s what the crypto community has been saying for years. With the introduction of these decentralized tools, Telegram is taking a step in the right direction. Now we'll have to see what can they do with it and how the crypto landscape will evolve.

Stripe launches project to facilitate fiat-to-crypto payments

Stripe, one of the most popular payment processors in the world, has now set its sights on the world of cryptocurrency with their latest offering. This new project is designed to make it easier for web3 businesses to accept payment with traditional fiat currencies.

Called "fiat-to-crypto on-ramp" feature, the widget provided by Stripe allows businesses to quickly and securely enable customers to purchase cryptocurrency while using the payment system they already know. This can be integrated into a variety of platforms such as decentralized apps (dApps), non-fungible tokens (NFTs) or decentralized exchanges (DEXs).

The project is claimed to provide a frictionless experience for users. Stripe have also added personalized on-boarding services to the mix, allowing businesses to quickly and easily configure their payment systems to start accepting cryptocurrency payments.

Why is this important? Here's the thing: if you've ever purchased anything online, chances are you used Stripe. With this new project, the company is taking its knowledge and making it simpler for web3 companies to accept payments using various digital currencies. For crypto, it's a great way to increase their overall adoption and for businesses, it's another incredibly useful payment option.

Overall, this is a welcome move from Stripe and it could help to further drive the cryptocurrency revolution. It will be interesting to see how this project is received by the crypto community and how it helps to further drive forward the adoption of digital currencies around the world. Here's hoping we see more innovative projects like this in the future.

Biggest Russian bank Sber announces Ethereum support for its blockchain platform

Sber, the largest bank in Russia has an edge over other blockchain platforms in the country as it announced that its propriety open blockchain platform is now compatible with Ethereum.

This announcement was made by the bank at an international meeting of blockchain industry participants meant for businesses. The event was organized by Sber Blockchain Laboratory and marks a major milestone in the Russian banking sector's foray into this technology.

The move to support Ethereum will enable developers to transfer smart contracts and entire projects between the bank’s blockchain network and Ethereum. This will significantly reduce the time taken to build applications that are compatible with both platforms.

In addition, integration with the bank’s information system also means payments made in smart contracts can be verified and tracked on the blockchain. This will help reduce fraudulent activities and make payments more secure.

Sber’s platform will also be integrated with ConsenSys' MetaMask wallet, which has recently been criticized for IP tracking. The integration of this wallet means users and developers will now be able to issue their own tokens and create smart contracts.

If used correctly, this technology could help Sber serve its customers better and drive faster adoption of this revolutionary technology. We can only hope that Sber will use this new tool for the good of Russian citizens instead of finding more ways for their corrupt government to avoid sanctions or surmounting economic problems.