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📢Day 15/100: The Rise of Telegram E-Commerce in Ethiopia
Telegram is transforming e-commerce in Ethiopia, but its fragmented nature poses challenges. Vendors operate in silos, and customers struggle to navigate multiple channels.
EthioMart's Vision:
We aim to create a centralized platform aggregating data from Telegram channels, simplifying product discovery for customers and enhancing visibility for vendors.
💡 Question of the day: How can centralized platforms improve Ethiopia’s digital shopping experience?
📢Day 15/100: The Rise of Telegram E-Commerce in Ethiopia
Telegram is transforming e-commerce in Ethiopia, but its fragmented nature poses challenges. Vendors operate in silos, and customers struggle to navigate multiple channels.
EthioMart's Vision:
We aim to create a centralized platform aggregating data from Telegram channels, simplifying product discovery for customers and enhancing visibility for vendors.
💡 Question of the day: How can centralized platforms improve Ethiopia’s digital shopping experience?
Ukrainian President Volodymyr Zelensky said in a video message on Tuesday that Ukrainian forces "destroy the invaders wherever we can." Telegram does offer end-to-end encrypted communications through Secret Chats, but this is not the default setting. Standard conversations use the MTProto method, enabling server-client encryption but with them stored on the server for ease-of-access. This makes using Telegram across multiple devices simple, but also means that the regular Telegram chats you’re having with folks are not as secure as you may believe. The company maintains that it cannot act against individual or group chats, which are “private amongst their participants,” but it will respond to requests in relation to sticker sets, channels and bots which are publicly available. During the invasion of Ukraine, Pavel Durov has wrestled with this issue a lot more prominently than he has before. Channels like Donbass Insider and Bellum Acta, as reported by Foreign Policy, started pumping out pro-Russian propaganda as the invasion began. So much so that the Ukrainian National Security and Defense Council issued a statement labeling which accounts are Russian-backed. Ukrainian officials, in potential violation of the Geneva Convention, have shared imagery of dead and captured Russian soldiers on the platform. Just days after Russia invaded Ukraine, Durov wrote that Telegram was "increasingly becoming a source of unverified information," and he worried about the app being used to "incite ethnic hatred." At the start of 2018, the company attempted to launch an Initial Coin Offering (ICO) which would enable it to enable payments (and earn the cash that comes from doing so). The initial signals were promising, especially given Telegram’s user base is already fairly crypto-savvy. It raised an initial tranche of cash – worth more than a billion dollars – to help develop the coin before opening sales to the public. Unfortunately, third-party sales of coins bought in those initial fundraising rounds raised the ire of the SEC, which brought the hammer down on the whole operation. In 2020, officials ordered Telegram to pay a fine of $18.5 million and hand back much of the cash that it had raised.
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