A.I. and cryptocurrencies combine to make trading simpler

Almost every person knows what cryptocurrency is, but only a few actually know why, and how, to invest in it. They can’t be blamed for this, as the concept is not altogether simple. All a lay person knows is that digital currencies, such as Bitcoin, are appreciating at highly impressive rates and this may be a reason to invest.

As cryptocurrencies enter the mainstream, there is an increased need for greater accessibility. Many wallet provider platforms and cryptocurrency exchanges have made attempts to increase accessibility, but did not prove to be of much help to investors who were clueless about the crypto-market. However, TeleX Artificial Intelligence (AI) might actually be able to fill this information gap.

TeleX AI is a chatbot that is available on Telegram, an instant messaging app popular in the cryptocurrency community. The main purpose of this invention is to provide inexperienced investors with a platform that is not only ready to answer all their questions but is also able to give them advice on which cryptocurrency to invest in.

The chatbot’s goal is to eliminate confusion that parties or individuals usually face when making their initial investments in the crypto-market. It is designed to follow a simple procedure based on Telegram's interface. The convenient infrastructure is said to be able to make crypto-investments much simpler by saving the user from the hassle of following lengthy registration procedures on platforms that they are barely familiar with.

Using this technology is actually very simple. To access the chatbot, all one needs is to navigate to Telegram and open a chat with TeleX AI. The conversation will then be interpreted by the chatbot on the backend. The user will simply need to send a message to enable desired cryptocurrency transfers. Users will also be offered a wallet which they may use to store multiple currencies and benefit from the network’s fast and free transactions.

Currently, the technology is pretty basic, but will be further developed ase it gains popularity. The organization plans to introduce advanced functionalities to the basic concept in future so that it will be able to meet the needs of both the new and veteran investors. The motivation behind this comes from market research revealing that a majority of current cryptocurrency investors feel that there are too few convenient and user-friendly platforms. If it is successful in achieving its basic goals, the chatbot is likely to revolutionize the way investments in the cryptocurrency market take place.