Telegram users can now send payment cryptocurrency via app


Telegram has announced that it will be adding support for
cryptocurrencies on its messaging app. This opens up the possibility of
payments through the app, which could be a major boon to adoption.
Telegram has over 550 million users, so this could be a major push
toward mainstream adoption of cryptocurrencies.
Users of the messaging app, Telegram, will soon be able to send and
receive toncoin within the app. TON, which is the cryptocurrency of the
Telegram platform, can only be sent within the app. However, @wallet, a bot
that allows users to buy bitcoin, which is available on Telegram.
TON Foundation, the steward of the cryptocurrency project, will make
sending TON feel like sending a text message. The bot has been used by 800,000
Telegram accounts and aims to make transactions more user-friendly.
"We anticipate that this functionality will extend into the
consumer to business payments so that people can easily acquire goods and
services by sending toncoin via bots in the Telegram app," the foundation
said.
As one of the world's most popular social networks, Twitter is providing
a platform for users to communicate, it also offers a payment feature through
its Tips feature.
This feature allows users to send tips to other users through Twitter.
Twitter has added bitcoin payments over the Lightning Network for its Tips
feature in September. This means that users can now use services like Jack
Mallers Strike app to pay others using bitcoin.
Telegram abandoned the TON cryptocurrency project in August 2020 as a
result of a lawsuit filed by the Securities and Exchange Commission in the
United States (SEC).

Pavan A
CBW - External Analyst
INDIA