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by clvx 1656 days ago
Can someone explain what’s the difference between this and when Telegram tried to introduce their coin?
2 comments

Scale. Telegram has 50m users that use it seriously and all of them also use other messaging. Whatsapp has 1-2 billion, and for a majority of them it is their main or only messaging application.

20x larger scale means 20x more clout to bribe/lobby lawmakers and to get around the KYC/AML rules that are the main obstacle in these sorts of things.

The other major difference is their use of Paxos USD, a stablecoin that's tied to the dollar.