In a recent announcement Vietnam’s Premier Bitcoin Exchange VBTC revealed the addition of a new withdrawal method (Telegram) from VBTC.
VBTC users will now be able to withdraw their balances to any Telegram account – with the withdrawal fees being as low as 0,000005 BTC (500 Sats).
The service is made possible by Bitcoin’s Lightning Network in combination with LNTXBot – a custodial wallet built on top of Telegram.
LNTXBot itself was created Fiatjaf with the simple reasoning:
The idea came just from the fact that I realized it was something that would be simple to do, no fancy UIs to design, and no one was doing it, so I had to do it.
Since then LNTXBot has become a standard tool for most Bitcoin-centric Telegram groups as a very functional tool to send tips and other smaller amounts of Sats across the widely popular Telegram messenger app.