OscarminiOscarmini
  • Home
  • Reviews
  • Computers
  • How Tos
  • Travel & Lifestyle
  • Phone ROMs
  • Contact
    • Advertise
    • About Us
Facebook Twitter Instagram
  • Advertise With Us
  • Newsletter
Facebook Twitter Instagram
Oscarmini Oscarmini
  • Home
  • Reviews
  • Computers
  • How Tos
  • Travel & Lifestyle
  • Phone ROMs
  • Contact
    • Advertise
    • About Us
OscarminiOscarmini
Home»Social Media»Telegram Has Announced Crypto Payment Feature
Social Media

Telegram Has Announced Crypto Payment Feature

joshuaegeonuBy joshuaegeonu2 Mins Read
Share
Facebook Twitter LinkedIn WhatsApp Pinterest Email
Telegram has announced the availability of crypto payment features. Telegram users may now download the official wallet bot, which allows them to purchase, trade, and send bitcoins to other wallets. Telegram’s Open Network (TON) Foundation, in a statement, said that “we expect this feature to evolve into consumer-to-business payments, allowing users to swiftly purchase products and services by sending Toncoin via the bots.”

Users of the Telegram messaging service will be able to send payments and transactions in Toncoin, The Open Network’s native cryptocurrency. Users that add Telegram’s wallet bot to their attachment menu will be able to purchase cryptocurrency via debit cards, cryptocurrency exchanges, or transfers to other cryptocurrency wallets. According to the startup, users will not have to wait for confirmations or provide a long wallet address when making transactions.

Must Read: Telegram’s 12th Update Introduces Reactions, Message Translation, Themed QR Codes, Hidden Text and MANY OTHERS.

Telegram was compelled to stop working on crypto two years ago because the SEC said it had broken federal securities laws by providing unregistered digital tokens known as “Grams.” Later, the company was forced to repay $1.2 billion to investors and pay the SEC $18.5 million in fines.

Although the company dropped out of the project, a small group of engineers rebranded it as The Open Network and revamped Gram as Toncoin.

Telegram Has Announced Crypto

“I voiced the hope that future generations of developers would one day carry on with our vision of a mass-market blockchain platform when Telegram bid farewell to TON last year,” Telegram founder Pavel Durov stated.

“I’m proud that the technology we invented is still alive and well. TON is still years ahead of anything else in the blockchain world in terms of scalability and performance, “he stated, “It would have been a pity if this endeavour had failed to assist humanity.”

Must Read: WhatsApp Business to Introduce a Paid Subscription for Linking Multiple Devices

Telegram has over 550 million users, and the move is being hailed as a step toward making cryptocurrency adoption easier.

“It is believed that this simplification of the cryptocurrency transaction procedure will assist in embedding blockchain payment solutions into people’s daily life,” a TON Foundation spokesman said.

Get the most important happenings in your inbox weekly

Crypto Telegram

Related Posts

iPhone Users to Pay More for Twitter Premium

December 15, 2022

Elon Musk Fires Twitter-Africa Employees in Mass

November 9, 2022

Elon Musk Dissolves Twitter’s Board, Becomes CEO

November 4, 2022
Add A Comment

Leave A Reply Cancel Reply

Latest Posts

Microsoft to Invest Billions in ChatGPT

January 26, 2023

Google Translate Rolls Out 33 New Offline Languages

January 19, 2023

Apple Will Allegedly Launch “Next HomePod” Soon

January 19, 2023

Huawei Mate X3 to Launch with Satellite Features

January 18, 2023
Get the best African tech newsletters in your inbox
Oscarmini
Facebook Twitter Instagram YouTube
© 2023 Oscarmini Co. Designed by illBytes.

Type above and press Enter to search. Press Esc to cancel.