Home /Telegram now lets users send cryptocurrency through TON blockchain spinoff
April 30, 2022
Telegram now lets users send cryptocurrency through TON blockchain spinoff
Telegram now lets users send Toncoin, the cryptocurrency built off of Telegram’s abandoned blockchain effort, directly from chats within the messaging app (via Protocol). In a post on Twitter, TON (The Open Network), announced that Telegram now supports Toncoin transactions with no fees attached.
TON included a short video showing how crypto transactions work on the platform. To get started, you’ll have to add Telegram’s Wallet bot to your attachment menu, which allows you to “purchase cryptocurrency by bank card, exchange, and transfer to other wallets.”
You can now send #Toncoin directly within Telegram chats!
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.
When you’re ready to send crypto, you can pull up the Wallet from your attachment menu while in a chat, enter the amount of Toncoin you want to send, confirm all the details, and then hit “Send.” Your recipient will receive the Toncoin through the chat.
Even after Telegram abandoned the TON project, a group of developers kept it afloat, renaming it The Open Network and rebranding Gram as Toncoin. Durov expressed his support of the project last December, noting “I’m proud that the technology we created is alive and evolving… TON is still years ahead of everything else in the blockchain realm.” Earlier this month, the TON Foundation managed to raise $1 billion in donations.