While Facebook’s big cryptocurrency plans have hit a wall with regulators, another big social network, Telegram, is charging ahead with its own digital currency.

Telegram has told investors that it is planning to send out the first batches of its coin, the Gram, within the next two months, according to three investors who have spoken with Telegram recently.

Telegram is also planning to make Gram digital wallets available to the 200 million to 300 million global users of Telegram’s messaging application, said the investors, who spoke on the condition of anonymity because they had signed nondisclosure agreements.

Echoing Facebook’s hopes for its Libra token, which was unveiled this year, Telegram has said the Gram will become a new online currency and a way to move money anywhere in the world.