Since the birth of The Open Network (TON) in 2018, on the initiative of the Durov brothers, investors in cryptocurrencies were entitled to several privileges via the Telegram chat. And history has shown us that the developers of Telegram Messenger do not think of stopping at this primitive stage. Today it was announced that Telegram has integrated the “TON Space” crypto wallet which could serve around 800 million users. Decryption!
In short
- Telegram Messenger has just integrated the “TON Space” crypto wallet deployed on The Open Network
- This device will be available to 800 million Telegram users from November
Telegram adds a new crypto wallet!
At some point, Telegram Messenger had to backtrack with its TON crypto wallet project. However, the company has not abandonedWeb3 adventure despite these concerns.
There was in fact the launch of Greed. Greed is like a mini-store adapted to this encrypted messaging application and favorable to bitcoin payments. We will also note the Telegram Wallet Botthe P2P exchange and also the WalletPay.
“ Major news from #TOKEN2049 – #TON-based@wallet_tg is live for Telegram for 800 million Telegram usersas part of a new integration.
Let’s celebrate Web3’s biggest onboarding event together! Comment #TONxTelegram, retweet, and scan to get $TON in 2 taps! »
According to The BlockTelegram Messenger validated crypto wallet integration “Your Space” in the settings of your instant messaging service. The objective being the democratization of bitcoin and other cryptocurrencies among its approximately 800 million monthly users.
Thus, Telegram Wallet users will have the privilege of accessing TON Space from today. As a reminder, Telegram Wallet is a bot which facilitates the purchase and sale of cryptocurrencies in Telegram.
However, other Telegram users will have to wait until November to access the TON Space self-custodial crypto wallet. Except those who reside in the United States, and in certain countries (currently not communicated).
“ Telegram’s mission has always been to enable freedom of expression, but expression is so much more than that in the digital age. We believe that users have the right to own their identity and property. With TON Space, users now have the technology that allows them to do this “, explains John Hyman, chief investment officer at Telegram.
The Tonecoin token (TON) saw an increase of 7% following this announcement.
Telegram under pressure from crypto regulators
The idea ofa cryptocurrency wallet based on The Open Network was germinating in the heads of the Telegram barons in 2019. Except that the United States Securities and Exchange Commission decided to attack Telegram Messenger a year later. The reason: an initial coin offering (ICO) defying current regulations.
Sanctioned, Telegram had to:
- pay a fine of $18.5 million;
- return the sum of $1.224 billion to GRAM buyers;
- and cede control of the Telegram Open Network and Toncoin (TON) to The Open Network community.
Now that the TON Foundation has joined forces with Telegram, building Web 3 infrastructure suitable for the messaging application becomes a priority.
“ With this partnership, we are putting digital property rights in the hands of our entire user base. While giving TON projects the means to reach our audience within the framework of largest Web3/Web2 partnership that ever existed », continues Mr. Hyman.
Cointelegraph also specified that the TON Foundation will grant developers of projects on the TON blockchain priority access to Telegram Ads. The latter being an advertising platform associated with the messaging application.
Making crypto payments by message was Telegram’s goal when it launched Toncoin (TON) in 2018. This apparently demonstrates great ingenuity on the part of its developers.
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