Payments and identity verification go hand-in-hand, making Passport a natural early offering from the company. Plus, disrupting the digital ID incumbents like Equifax, which keep data in centralized databases vulnerable to breach and abuse, has long been a shared goal of the cryptocurrency community, so it's is a fitting place for Telegram to start. Telegram has never publicly announced or verified the existence of its billion-dollar ICO. But as documents started to leak earlier this year, it became clear that the company, more widely known for its chat app, aimed to compete with many of the services – from filesharing to encrypted browsing – that crypto startups had already proposed.
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