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Cryptocurrency News Articles

Telegram Founder Unveils Crypto-Influenced Vision for Secure Communication

Apr 17, 2024 at 08:28 pm

Pavel Durov, the founder of Telegram, expressed concerns about surveillance and the need for secure communication devices. He believes government oversight will drive innovations in this field, inspired by cryptocurrency hardware wallets. Durov also shared his personal experience of leaving Russia and his cryptocurrency investments, which include hundreds of millions of dollars in Bitcoin.

Telegram Founder Unveils Crypto-Influenced Vision for Secure Communication

Telegram Founder Pavel Durov Unveils Vision for Crypto-Inspired Secure Communication Devices

In a highly anticipated interview with Fox News host Tucker Carlson, Telegram founder Pavel Durov emerged from a period of seclusion to make bold statements about the future of secure communication in the face of increasing government surveillance.

Durov's Cryptocurrency-Inspired Vision

Durov believes that the heightened scrutiny by governments will drive the demand for secure communication devices modeled after the hardware wallets used for storing cryptocurrency. He elaborated:

"The world is becoming less and less tolerant. Governments are becoming less tolerant of privacy. Therefore, I believe that increased government oversight will support hardware devices and innovations in this area for secure communications, such as the hardware wallets we use to store our cryptocurrency. These devices are a clear trend because they have more technological power."

Telegram's Separation from Russia and Growth Ambitions

Durov clarified Telegram's separation from Russia, asserting that he left the country due to his refusal to comply with government directives. He vehemently dismissed allegations that Telegram is under Russian control, attributing such claims to rival companies threatened by the platform's growth. Telegram, he revealed, aims to reach one billion monthly active users within the coming year.

Durov's Cryptocurrency Holdings

Regarding his personal investments, Durov disclosed that he holds several hundred million dollars in Bitcoin and fiat currency, without significant assets elsewhere. "I have several hundred million dollars in my bank account, in fiat money and Bitcoin," he stated. These holdings reflect Durov's strong belief in the potential of cryptocurrencies.

Telegram's Innovative Measures

Telegram's initiatives extend beyond secure communication. It has integrated crypto functions, including a payment feature powered by the Toncoin Blockchain. The platform has also introduced an advertising revenue model, amplifying its influence and reaching one billion monthly users.

Responses to FBI Scrutiny

Durov's vision is shaped by his experiences with government agencies, including the FBI's interrogation and attempts to install "back doors" in Telegram. These encounters have prompted him to seek technological solutions inspired by cryptocurrency hardware wallets.

Telegram's Future Outlook

Telegram remains committed to enhancing its security measures and expanding its platform's capabilities. With a growing user base and increasing government surveillance, the company is well-positioned to capitalize on the demand for secure communication devices inspired by cryptocurrency hardware. Telegram's ambitious goal of reaching one billion monthly active users reflects its confidence in the future of messaging and the transformative power of crypto-inspired technology.

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Other articles published on Dec 26, 2024