Telegram now permits the clients to send Toncoin, the cryptocurrency built off of the abandoned blockchain effort of Telegram, at the moment from chats within the messaging application [through the Protocol]. In a post on Twitter, TON [The Open Network], dispatched that Telegram now supports Toncoin transactions without any amount fees attached to it.
TON has a short video displaying how crypto transactions perform on the platform. To get begin, you would have to add Telegram’s Wallet bot to your menu for attachment, which permits you to “get cryptocurrency through bank card, exchange, and send to other pocketbooks.”
When you are all set to send crypto, you can draw up the Wallet from your menu of attachments during a chat, just put in the cost of Toncoin you desire to send, verify all the information, and then press “Send.” Your recipient will get the Toncoin via chat.
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In the year 2020, Telegram closed down its cryptocurrency operation after encountering heavy pressure from the Securities and Exchange Commission [abbreviated as SEC]. The project is authentically famous as the Telegram Open Network [abbreviated as TON], which was established by Telegram CEO whose name is Pavel Durov, and his brother named Nikolai in the year 2018. One year later, the SEC said Telegram to cease its sales of Gram, the token that was linked to the TON blockchain, after claiming it cut down to register the $1.7 billion in sales assimilated as a segment of its pre-Initial Coin Offering [abbreviated as ICO].
Even after Telegram discarded the TON project, a class of developers kept it suspended, renaming it The Open Network and rebranding Gram as Toncoin. Durov communicated his support of the project in the previous month of December, considering “I’m proud that the technology we produced is alive and progressing. TON is still years advanced of everything else in the blockchain realm.”