Telegram Enabled Crypto Payments Using Toncoin (TON) to any recipients without any transaction fee. Telegram, a messaging app with over 550 million users, has allowed its users to transfer and receive cryptocurrencies through the app. Crypto payments can be made directly while chatting with another user. Users can send and receive Toncoin, according to a tweet by The Open Network (TON) Foundation.
On April 26, 2022, TON Foundation announced via its Twitter handle that with a short video saying
“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”
Last week, the foundation in charge of constructing the TON blockchain announced that it had raised $1 billion in donations to support its activities. As per the video users don’t have to pay any transaction fee while making the transaction. Users are not required to enter the long crypto addresses of the recipients as the whole wallet functionality is embedded into the app.
In 2019, Telegram dropped its TON ( Telegram Open Network) due to an issue with the Securities and Exchange Commission (SEC) which forced it to shut down its own cryptocurrency operation, including the native token “Gram”, in 2020. However, a group of programmers continued to work on it. They later rebranded Gram as Toncoin and renamed it The Open Network.
How To Enable Crypto Payments In Telegram
To Enable Crypto Payments In Telegram, Users will have to add Telegram’s Wallet bot to their attachment menu, which will allow them to purchase crypto by using a bank card, exchange, and transfer to other wallets.
- Open the Telegram messenger and search for “wallet”
- After adding the Telegram’s official wallet bot, you start the wallet by running the command “/start” and then click on the “Add To Attachment Menu” option.
- You will get a popup message asking for your confirmation. Click on Add To Menu option.
- Now, search for the recipient’s name you want to send the Toncoun, confirm all the details, and then click on Send option.
- With this method, users won’t have to pay any transaction fee while doing the transaction.
According to TON Foundation, the bot has already been used by 800,000 accounts and processed more than 52 million transactions for over 486,000 wallets.
“I am proud that the technology we have created is alive and evolving. When it comes to scalability and speed, TON is still years ahead of everything else in the blockchain space, ”Durov said in a Telegram article.
TON Coin Official Link: Click Here
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