Telegram will launch its own cryptomoney with which to make payments in its chats

Telegram's new cryptomontage would be called Gram, and would allow us to make payments within the instant messaging app.

Blockchain "and" cryptomontage "are the buzzwords, so it should come as no surprise that every two by three we meet a new actor in this play. This time it's Telegram, the popular instant messaging app that wants to go further.

To achieve this, the company led by co-founder Pavel Durov is planning an ICO (Initial Coin Offering), an initial currency offering that will lay the foundations of its own economy; one based on its chat rooms.

According to Techcrunch sources, Telegram wants to implement payments in its messaging app, although it may not just stand there and expand beyond. These payments would be made in their own cryptomoney, called Gram, and would open the door to all kinds of services provided through the app.

Gram, Telegram's new cryptocoin

It would be the evolution of Telegram as we know it, and that is why the company has invested in what it considers to be the third generation of the blockchain; considering the first as Bitcoin and the second as Ethereum.

Telegram Open Network would function completely independently of governments and banks; apparently, it is a personal wish of Durov, after losing control of its former company, the social network VK, very popular in Russia. With Telegram, he doesn't want history to repeat itself.

There are many reasons why Telegram wants an independent payment system; the app has always been sold as a private and secure system for our communications. By using Telegram's cryptomoneda, we could make payments in other countries and make large exchanges of money that would otherwise be tracked.

Gram could be a method to include micropayments in Telegram; some that do not have the costs of credit card payments. When we talk about just a few euros or cents, these costs make it worthless.

How Telegram wants to attract billions of dollars to its economy

For all of these reasons, Telegram would be willing to start large, with an ICO of $500 million; the total value would be between $3 billion and $5 billion. In this way, Telegram wants to attract whales, or "whales"; big investors who would like to gain a place in the market before it starts for everyone. This is a common method with low-value cryptomoney coins to attract early investors; it is more rare for a company the size of Telegram to do something similar.

Behind Telegram Open Network there would be a combination of centralised and decentralised infrastructures; as fully decentralised infrastructures do not scale as fast, and Telegram wants to maintain some control over this economy.

Not surprisingly, Telegram plans to maintain control of at least 52% of the existing Grams, and 4% (around 200 million Grams) will go directly to the development team. In other words, Telegram embracing the blockchain does not imply that its economy will become the Wild West.

The Gram can be one of the most important cryptomonedas to take into account in the coming months. According to the same sources, the launch is scheduled for March 2018.