Seeking Alpha
2022-04-28 17:08:10

Telegram adds Toncoin to its messaging app to unlock crypto payments

Telegram has introduced a new feature allowing users to buy its native cryptocurrency Toncoin (GRAM-USD) within its messaging app, according to a Twitter post on April 28. The messaging apps' 550M users can also purchase Bitcoin (BTC-USD) through the "@wallet" bot, the TON Foundation said, as reported by CoinDesk Thursday. 800K users have already used the bot. "We anticipate that this functionality will extend into 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 reported by CoinDesk. The move comes after fintech firm Stripe (STRIP) rolled out a new feature to let creators on social media platform Twitter (TWTR) get paid in stablecoin USDC (USDC-USD). In June 2020, Telegram agreed to return $1.2B to investors to settle SEC charges.

Get Crypto Newsletter
Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer.