Technology companies from phone-maker Samsung to micro-blogging platform Twitter have taken a keen interest in bitcoin and cryptocurrency this year, sending the bitcoin price soaring. Now, WhatsApp rival Telegram has revealed libra member and crypto custodian for institutions, Anchorage, will add Telegram's own answer to bitcoin, gram, to its lineup of supported assets. Telegram will launch its bitcoin rival gram next month, ahead of Facebook's libra cryptocurrency. The bitcoin price has a reputation for wild swings, something the likes of Telegram's gram and Facebook's libra, want to avoid. "Users will turn to existing grams when the market price is lower than the Reserve price, and new grams when the market price is higher."

Source: Forbes October 07, 2019 07:52 UTC