Telegram Adds New Crypto Feature Allowing Users To Trade and Send Bitcoin (BTC), Toncoin (TON) – ZellaNews


Popular encrypted messaging app Telegram has added a brand new function that enables customers to ship and obtain crypto property on the platform.

The Open Network (TON) Foundation, a crypto undertaking supported by Telegram, revealed that the platform’s 550 million customers can now ship and obtain Toncoin (TON) straight from their chat home windows.

They can even work together with the messaging platform’s official pockets bot to purchase, commerce and ship Bitcoin (BTC).

The bot permits customers to change and switch cash to different wallets in addition to purchase crypto property utilizing financial institution playing cards.

Toncoin is the token powering the decentralized layer-1 blockchain TON that Telegram developed however deserted in 2020 following a authorized battle with securities regulators.

The U.S. Securities and Exchange Commission on the time accused Telegram of violating securities legal guidelines via the unregistered sale of Grams, the native cryptocurrency of the TON blockchain on the time. The lawsuit prompted the corporate to cancel the undertaking.

The TON Foundation, a group of open-supply builders, stepped in and is now supporting the event of the TON blockchain following the announcement that Telegram would now not pursue the undertaking. The token Gram was additionally rebranded as Toncoin.

At time of writing, Toncoin is altering fingers at $1.90 whereas Bitcoin is buying and selling at $38,089.

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Featured Image: Shutterstock/Tithi Luadthong/Natalia Siiatovskaia

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