Telegram is growing to be more than just a messaging app as the platform is now allowing users to send Toncoin.
If you are on Telegram, and most people are, the messaging platform just got more useful. You send Toncoin directly from your chats inside the app. TON (The Open Network) announced the integration through its official Twitter handle.
<blockquote class=”twitter-tweet”><p lang=”en” dir=”ltr”>You can now send <a href=”https://twitter.com/hashtag/Toncoin?src=hash&ref_src=twsrc%5Etfw”>#Toncoin</a> directly within Telegram chats!<br><br>It’s a new way to send Toncoin without transaction fees to any Telegram user. With this service, you’ll no longer need to enter long wallet addresses and wait for confirmations.<br><br>Watch the video and test the new feature! <a href=”https://t.co/EtXSMFtJj6″>pic.twitter.com/EtXSMFtJj6</a></p>— TON (@ton_blockchain) <a href=”https://twitter.com/ton_blockchain/status/1518940393370537985?ref_src=twsrc%5Etfw”>April 26, 2022</a></blockquote> <script async src=”https://platform.twitter.com/widgets.js” charset=”utf-8″></script>
Toncoin is based on Telegram’s blockchain effort, which the company abandoned. However, the crypto has been spun off and stands on its own.
In the Twitter announcement, TON uploaded a video depicting how to use Toncoin in the app. The process starts with adding the Wallet bot to your attachment menu. This will allow you to buy crypto using a bank card, exchange or transfer Toncoin to other wallets.
To send Toncoin in the middle of a chat, open the Wallet from the attachment menu and enter the amount you wish to transfer. Confirm all the required details and tap “Send.”
Telegram stopped its work on cryptocurrency in 2020 after the Securities Exchange Commission got interested. The project was known as Telegram Open Network and was started by Telegram’s CEO Pavel Durov and his brother Nikolai in 2018. However, the SEC ordered Telegram to stop selling the token derived from the TON blockchain known as Gram. The reason Telegram did not disclose the $1.7 billion revenue it got from the pre-Initial Coin Offering.
However, some developers kept the project alive after Telegram abandoned it. They renamed the blockchain to The Open Network and the crypto to Toncoin. The TON Foundation raised $1 billion in donations in April.
Even though his company abandoned the project, Durov continues to support it. He claimed TON is ahead of anything else in the blockchain realm.