O Telegram, one of the most popular messaging apps in the world, surprised its users by announcing an innovative integration: creation of the TON (The Open Network) blockchain virtual wallet, which will allow cryptocurrency trading directly on the platform.
Ton Wallet will be available as an applet in the messenger's settings and menus, opening the doors to a new world of financial possibilities.
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This revolutionary feature aims to simplify people's entry into the Web3 universe, where blockchain and cryptocurrencies play central roles.
The new feature will be accessible from November in countries that do not impose regulatory restrictions on the use of Telegram, offering a transformative experience to users.
Currently, countries like U.S, Russia, China, Iran, Germany and Belarus impose restrictions on the use of the messaging app, founded by Russian brothers Nikolai and Pavel Durov.
Telegram had abandoned the ambitious TON (Telegram Open Network) blockchain project in 2020 following a lawsuit filed by the US Securities and Exchange Commission. The lawsuit accused the company of conducting an unregulated initial coin offering (ICO) valued at a staggering $1.7 billion.
(Image: Twitter/X/reproduction)
Despite this setback, a vibrant community of open source developers and blockchain enthusiasts has kept the TON flame alive. The Open Network Foundation (TON Foundation) continued to support the development of The Open Network (TON), the blockchain that now promises seamless integration with Telegram.
Telegram CEO Pavel Durov shared his excitement about the future of the telegram platform blockchain. Through his Telegram channel, he highlighted the success of the experiment with Fragment, a TON-based auction platform that allowed trading of user IDs and names within the messenger.
Durov revealed that during the auctions, Telegram sold digital assets worth an incredible $120 million. Furthermore, first-time buyers witnessed an impressive 27-fold increase in the value of their assets in just nine months.
The introduction of Ton Wallet represents an exciting new chapter in Telegram's journey. Durov believes this innovation will offer “an entirely new dimension of Web 3.0 to hundreds of millions of users.”
The measure not only democratizes access to cryptocurrencies, but also positions Telegram at the forefront of communication platforms that embrace the revolution financial.
As Ton Wallet becomes available to the public, Telegram users will have the opportunity to explore and experience currency trading cryptocurrencies in a simplified and secure way, expanding your financial perspectives and opening doors to a more decentralized and connected.