According to TechFlow, on October 16, Telegram founder Pavel Durov announced the launch of Telegram Gateway, a phone number verification service, in his personal channel. Enterprises can save millions of dollars by sending verification codes directly to users through Telegram, with each verification code costing only $0.01.

Pavel Durov said, “Phone number verification is a multi-billion dollar industry. Telegram alone spends about $10 million per month to verify all the users who sign up and log in to our service. Our prices are unprecedentedly low, so I’m not sure if Telegram Gateway will be a significant source of revenue for us. But we hope that this initiative will make the world more efficient and reduce costs and prices for many services around the world.”