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Market News

Durov Forecasts Secure Crypto-like Communication Devices

Written By Gabriel Mael Gabriel Mael
Published 2024-04-18·Updated 2 years ago
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Durov Forecasts Secure Crypto-like Communication Devices

Pavel Durov, the founder of Telegram, forecasts an increase in non-traditional, secure cryptocurrency wallet-like communication devices. This prediction comes as privacy advocates are raising concerns over government oversight of such technologies.

During his interview with Tucker Carlson, Durov expressed his concerns about the government’s intimidation of services like Telegram. He added that he opts to keep himself “out of the geopolitical realm” as a neutral power.

Tucker Carlson noted that 

“The world is becoming less amenable, and governments are becoming less tolerant of privacy. And that’s clearly the trend because they have more technological power.”

Durov says remaining part of the community has helped nurture his ability to embark on this expedient journey. He revealed that the FBI offered him an arrangement where Telegram would have installed spying backdoors in exchange for payment. As a result of being hacked and leaked, he completely lost his confidence in the safety of US platforms.

Furthermore, Durov believes that increased government surveillance will stimulate the invention of secure communication devices with hardware features similar to cryptocurrency hardware wallets that securely store digital assets.

Durov mentioned the UAE as a neutral country that allows privacy-focused businesses to operate in a suitable jurisdiction. He highlighted the need to remain the sole owner of Telegram by not accepting any venture capital investments, stating that he has enough personal funds to sustain the business without external investors.

Also Read: Terra Luna Classic Rejects Paid Dev Team Proposal

Disclaimer: The information researched and reported by The Crypto Times is for informational purposes only and is not a substitute for professional financial advice. Investing in crypto assets involves significant risk due to market volatility. Always Do Your Own Research (DYOR) and consult with a qualified Financial Advisor before making any investment decisions.

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By Gabriel Mael
Gabriel is a crypto journalist on a mission to decode the future of finance. He breaks down complex concepts, keeping you informed on the hottest trends and innovations in the ever-changing crypto world.

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