TELEGRAM SUPPORTS PAYMENTS IN CRYPTOS ON ITS MESSAGING PLATFORM

By SilverLineswap | SilverLine Swap | 3 May 2022


 

  • Telegram has brought a brand new characteristic feature, permitting its members to buy its local cryptocurrency Toncoin inside its messaging app.This new initiative ought to make crypto bills on messaging structures to a greater height.
  • The TON Foundation, which manages the Toncoin token, has enabledfee-loose bills. This way customers of Telegram can ship crypto to different customers the usage of Toncoin (TON) withins ide the app. They also can buy Bitcoin via the “@wallet” bot, the TON Foundation stated. Nearly 800,000customers have already used the bot, it stated.

STARTING THE STORY.

With over 550 million customers, Telegram now helps crypto bills after it gave up on its very own token in 2019. 

Reel lower back to 2018, the messaging platform began out running at the TON blockchain 2018 and raised $1.7 billion in personal investment rounds in addition to institutional buyers across the world. Soon after, America’s Securities and Exchange Commission (SEC) sued Telegram calling it an ‘unlawful token offering’. After almost a year-long combat with the SEC, Telegram gave up the case and paid a penalty of $18.5 million.

Telegram’s CEO Pavel Durov has advocated a separate spin-off token Toncoin that changed into seemingly impartial from Telegram. That coin is now enabled for bills on Telegram. “We assume that this capability will make customers pay commercial enterprise bills, in order that humans can without difficulty collect items and offerings through sending Toncoin through bots inside the Telegram app,” the Foundation similarly added. 

The new bills carrier ought to open doorways for a worldwide crypto bills carrier via the messaging app. Some within side the crypto enterprise are running on approaches to make crypto bills mainstream as a reasonably-priced and speedy opportunity to standard bills, particularly for cross-border transactions. But numerous of them are dealing with demanding situations to construct a possible product to allow crypto bills. Companies like Facebook discredited Meta, for example, first of all, the idea of constructing the sort of carrier, however, the organization reportedly abandoned the concept in advance this year.

Telegram already has a worldwide personal base and a product that would make crypto bills a mainstream product quickly, accepted as true by experts. In fact, the Ton Foundation these days stated it has raised $1 billion from customers for the project. 

When reading such news, it's obvious that any project that has a scope for improvement skyrockets its way through greater heights serving its community. And we do remember a crypto-community that can enhance a lot of people who own it and be a part of it, that’s right here - SilverLine

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SilverLineswap
SilverLineswap

The silverline token is a utility token, aiming to provide safety to investors through its own decentralized exchange and a private dashboard! SLN token is at the heart of the SilverLineSwap ecosystem. Buy it, Win it, Farm it, Spend it, and Stake it.


SilverLine Swap
SilverLine Swap

The silverLine token is a utility token, aiming to provide safety to investors through its own decentralized exchange and a private dashboard! SLN token is at the heart of the SilverLineSwap ecosystem. Buy it, Win it, Farm it, Spend it, and Stake it.

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