With Telegram, users can now access Toncoin, the cryptocurrency built on Telegram’s abandoned blockchain effort, directly from chats in the messaging app (via protocol† In a post on TwitterTON (The Open Network), announced that Telegram now supports Toncoin transactions at no cost.
TON has added a short video showing how crypto transactions work on the platform. To get started, you’ll need to add Telegram’s Wallet bot to your attachments menu, which allows you to “buy cryptocurrency with a bank card, exchange and transfer to other wallets”.
You can now send #Toncoin directly in Telegram chats!
It is a new way to send Toncoin to any Telegram user without transaction fees. With this service, you no longer have to enter long wallet addresses and wait for confirmations.
Watch the video and test the new feature! pic.twitter.com/EtXSMFTJj6— TON (@ton_blockchain) Apr 26, 2022
When you are ready to send crypto, you can pull the Wallet from your attachments menu while in a chat, enter the amount of Toncoin you want to send, confirm all the details and then click ‘Send’. Your recipient will receive the Toncoin via chat.
In 2020, Telegram shut down its own cryptocurrency operation under pressure from the Securities and Exchange Commission (SEC). Originally known as the Telegram Open Network (TON), the project was developed in 2018 by Telegram CEO Pavel Durov and his brother Nikolai. A year later, the SEC ordered Telegram to stop selling Gram, the token linked to the TON blockchain. , after it said it had failed to register the $1.7 billion in sales as part of its pre-Initial Coin Offering (ICO).
Even after Telegram left the TON project, a group of developers kept it afloat, renamed it The Open Network and turned Gram into Toncoin. Durov expressed his support for the project last December, noting, “I’m proud that the technology we’ve created is alive and evolving…TON is still years ahead of everything else in blockchain.” Earlier this month, the TON Foundation managed to raise $1 billion in donations.