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Telegram users can now trade TON in Telegram and OKX trading platform

Telegram users can now trade TON in Telegram and OKX trading platform

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Answer Telegram users can now trade TON in Telegram and OKX trading platform

On April 26, the TON Foundation announced a new bot that enables cryptocurrency transactions using the TON digital currency within the Telegram app.

This new feature will benefit more than 550 million Telegram users, who will be able to send and receive TON without any fees.

The new feature was launched yesterday, April 28, the same day TON was made available for purchase on the OKX trading platform, the latter being a Malta-based cryptocurrency exchange formerly known as OKEx.

Does Toncoin live up to expectations?

With this new feature, Telegram has the ability to compete against other social media platforms such as Twitter, which since last year has supported tipping in the form of Bitcoin or Ethereum and recently partnered with Stripe to add USDC payment features.

Other social networking sites with similar features are Reddit and even WhatsApp, with the fiat-powered WhatsApp Pay feature available in Brazil and India.

According to the Telegram Foundation, the goal of this new feature is to enable users to perform transactions as easily as sending a text message, and avoid the complications associated with managing a crypto wallet and long, unreadable crypto addresses.

Also, according to a statement shared with Coindesk, TON expects to see this payment method used by consumers to purchase goods and services from different companies.

Telegram ditched “Toncoin” but the community kept the project alive:

In 2020, Telegram was forced to abandon the original TON project due to a lawsuit issued by the US Securities and Exchange Commission, which was at the time in a wave against ICO offerings, and in the pursuit of several companies such as Ripple, Facebook, Kik and Telegram along with With other huge scams like Bitconnect and Onecoin.

Read:Bitcoin price up 5800% since Warren Buffett said it was useless!

Currently, the TON project is independent of Telegram, so according to Pavel Durov, CEO and founder of Telegram, the new team in charge of the project is building something epic that manages to maintain the platform among the top social networks, competing with the new Twitter that Supervised by Elon Musk

So even though Pavel Durov believes TON is years ahead of its competitors, this new cryptocurrency will have a lot of work to do to prove its value now that the ecosystem has grown and matured more than it was before.

Read also:

One of the first investors in Bitcoin declared: Dogecoin is noticeably better than Bitcoin!

The former CEO of “Google” is betting on the future of Web 3.0 and reveals his possession of some digital currencies


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