mobile app Telegram is racing to release its ' gram ' wallet by 31 days and fulfil the promise it made to backers , or face giving back $ 1.7bn in investments . Telegram announced its digital currency would have a structure similar to bitcoin , while gram digital wallets will be made available to its 200 - 300 million global app ##holders , primarily to anonymous insiders . Analysts are sceptical Telegram will be able to secure regulatory support for its cryptocurrency in such a short period , while concerns swirled about gram 's attractiveness to criminals .
Messaging app Telegram is racing to release its 'gram' cryptocurrency by 31 October and fulfil the promise it made to backers, or face giving back $1.7bn in investments. Telegram said its digital currency would have a structure similar to bitcoin, while gram digital wallets will be made available to its 200-300 million global app users, according to anonymous insiders. Analysts are sceptical Telegram will be able to secure regulatory support for its cryptocurrency in such a short time, while concerns swirled about gram's attractiveness to criminals.