The TON Community of independent developers launched a Telegram wallet and peer-to-peer cryptocurrency trading bot within the prominent chat app.
Toncoin enthusiasts can now buy, sell and trade their favorite token within the telegram app.
This is after telegram updated the @wallet bot and added this new feature. Through the new feature, users can now sell cryptocurrencies to other crypto wallets just within the chat app.
Telegram @wallet bot
In April 2022, The Open Network (TON) cryptocurrency gained its @wallet bot on the telegram open WebApps platform. Through this feature, TON users can freely engage in trading crypto without exiting the Chat app.
On 5th October, the TON developers again introduced a fully developed crypto wallet within the prominent Chat app.
A P2P exchange is now available in the Wallet Telegram bot.
Users can now directly buy and sell #Toncoin and #BTC to each other, with the service acting as a guarantor of the transaction.
The #P2P market supports 6 different fiat currencies.
👉https://t.co/oqUE9P4LKE pic.twitter.com/Su5vDiDtmW
— TON (@ton_blockchain) October 5, 2022
The feature enables users to carry out crypto transactions without the need for an external third party. The service functions as a third-party guarantor.
With their @wallet bot at hand, users can purchase Toncoin using their credit or debit cards within the app. Users can also buy and sell Toncoin via fiat currency. Some of the fiat currencies accepted include Dollar (USD), Euros (EUR), Ukrainian Hryvnia (UAH), Belarusian Rubel (BYN) and Kazakhstani Tenge (KZT).
@wallet bot facilitates the transfer of both BTC and TON with no transaction fees applied. The wallet eliminates the need for users to provide long wallet addresses and wait for confirmation as required in other crypto wallets.
The Open Network (TON)
Parel Durov and Nikolai Durov, the founders of the telegram messaging app launched TON back in 2018. The Durov Brothers initially intended to launch an official token, GRAM, However, the Securities and Exchange Commission disrupted the project in 2020.
The Telegram founders then dropped the project and Anatoliy Makosov and Kirill Emelyanenko took over and created the TON Foundation. Since then the TON group works on improving and expanding the network. The Foundation majors in developing the TON Blockchain.
The TON development team developed the @walllet bot with a focus to enable crypto transactions within the chatting app. The launching was preceded by the creation of over a million wallets and a $5 million quarterly revenue run.
The developers work tirelessly to create a user-friendly crypto wallet within the telegram app. During an interview the @wallet team noted,
“Without leaving Telegram you can buy cryptocurrency, send it to your friends using a short nickname without long wallet addresses, get access to the internet with the @mobile bot, pay for a subscription to your favorite Telegram channel along with many other services.”
The TON community Telegram group currently has 630,000 subscribers. The token is trading at $1.40 at the time of writing, with a market capitalization of about $1.7 billion and a circulating supply of 1.22 billion TON, according to CoinMarketCap.
