Telegram now allows users to send cryptocurrencies via the TON blockchain spinoff

Telegram now allows users to buy Toncoin, the cryptocurrency that emerged from Telegram’s abandoned blockchain efforts, directly from chats within the messaging app (via protocol). in one post on twitterTON (The Open Network), announced that Telegram now supports Toncoin transactions with no fees.

TON has attached a short video showing how crypto transactions work on the platform. To start you need to add Telegram wallet bot to your attachments menu that allows you to “buy cryptocurrency by bank card, exchange and transfer to other wallets”.

When you’re ready to send crypto, during a chat, you can go to the wallet from your attachments menu, enter the amount of Toncoin you want to send, confirm all the details, and then click send. Your recipient will receive the Toncoin via the chat.

2020 telegram shutting down its own cryptocurrency operation after pressure from the Securities and Exchange Commission (SEC). Originally known as Telegram Open Network (TON), the project was developed in 2018 by Telegram CEO Pavel Durov and his brother Nikolai ordered Telegram to stop selling Gram, the token linked to the TON blockchain after saying it failed to register the $1.7 billion in sales collected as part of it Pre Initial Coin Offering (ICO).

Even after Telegram abandoned the TON project, a group of developers kept it afloat by renaming it The Open Network and renaming Gram Toncoin. said Durow his support of the project last December, noting, “I’m proud that the technology we’ve created is alive and evolving…TON is still years ahead of everyone else in the blockchain space.” Earlier this month, it succeeded the TON Foundation Raise $1 billion in donations. Telegram now allows users to send cryptocurrencies via the TON blockchain spinoff

Fry Electronics Team

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