🚀 Sphere Labs is launching a fiat on-ramp and off-ramp on Telegram, turning your chat app into a bank! For a tiny fee of 0.1%, users can move funds from their bank accounts to their wallets and back, all within the app. Early users will get a taste of this service from May 27. The full launch is expected later this year.

The catch? You must link the service to a USD or Euro bank account. But hey, with Telegram's 800 million monthly active users and 15 billion daily messages, this could be a game-changer. Especially in India, where Telegram's user base is a whopping 104 million!

So, ready to bank on Telegram? Let's chat money! 💬💰