Telegram will allow its users to send Toncoin, the cryptocurrency that emerged from the company’s abandoned project. The sending can be done directly from the app’s chat, without the company taking commission for the transactions.
Those interested should add the Wallet bot to Telegram’s attachments menu, which will allow them to buy cryptocurrencies via bank card, trade and transfer cryptocurrencies to other wallets.
When a user wants to send Toncoin, he opens the Wallet from the attachments menu in a chat, enters the amount of Toncoin he wants to send and clicks send.
As TON points out, there is no longer any need to enter lengthy wallet addresses and wait for confirmations.
For the record, in 2020 Telegram abandoned efforts to create a cryptocurrency after pressure from the US regulator (SEC). Telegram Open Network (TON) was developed by the company’s CEO Pavel Durov and his brother Nikolai in 2018. A year later the SEC ordered Telegram to cease sales of Gram, the token linked to the TON blockchain, as it failed to raise $1.7 billion in sales as stipulated in its initial public offering (ICO).
However, a group of developers kept TON alive by renaming TON to “The Open Network” and Gram to “Toncoin”.
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