Company
Date Published
Author
Elton Tay
Word count
1512
Language
English
Hacker News points
None

Summary

Telegram has evolved into a significant platform for digital commerce with its Bot Payment API, which facilitates in-chat transactions for digital goods and services. However, it has limitations regarding peer-to-peer payments and cross-border transfers, which Circle's Cross-Chain Transfer Protocol (CCTP) V2 aims to address. By enabling seamless, fast, and secure cross-chain USDC transfers directly within Telegram, CCTP V2 enhances the payment experience by allowing users to perform transactions without needing to navigate different wallet infrastructures. This guide details the process of creating a Telegram bot that leverages CCTP V2 and Circle Wallets to facilitate USDC transfers from Ethereum to Avalanche, illustrating its utility through a scenario where a freelancer and a client, using different blockchain networks, can easily transact without manual coordination. This integration simplifies cross-border transactions and aligns with Telegram's evolving capabilities, providing a more efficient and cost-effective solution for users engaging in digital commerce.