GN/GM Crypto fam 
I've recently come across this story about Telegram planning to launch its own wallet/exchange and wanted to see your opinion on the matter, since I don't know how to feel about it or if it's good for the overall crypto space or not.
Do you think that this could actually work, and potentially be a decent rival to Binance?
There are many good wallets already so we do not really need this, now if they are planning to release their own centralized exchange we do not really need them either as it is not as if we are lacking in that aspect as well.I've recently come across this story about Telegram planning to launch its own wallet/exchange and wanted to see your opinion on the matter, since I don't know how to feel about it or if it's good for the overall crypto space or not.
Quote
Telegrams founder and CEO, Pavel Durov, announced today on his Telegram channel that he is planning to build "a set of decentralized tools." These will include non-custodial wallets and a decentralized cryptocurrency exchange. Durov also talked about the state of centralization in digital assets, and the role FTX played in it.
Do you think that this could actually work, and potentially be a decent rival to Binance?
The interesting part will be if they actually develop their own decentralized exchange, more than the technology itself the popularity of telegram could draw many traders to use it and bring a lot of volume to it, which has been the main weakness of decentralized exchanges compared to their centralized counterparts.