Toncoin was developed to be used in tandem with Telegram’s messaging app. TON, which stands for “The Open Network,” got its own @wallet bot on Telegram’s open WebApps platform back in April, enabling users to transact Toncoin from within the messaging app. Since then, the revolutionary innovation has seen a rise in usage and transactions volumes.
With a major upgrade to TON, a group independent developers has taken the project one step further and launched a full-fledged cryptocurrency wallet within the messaging app. Users will be able to purchase and send Toncoin in a much quicker and more affordable manner than before.
Change the Space with @Wallet
Everybody using cryptocurrency will be familiar with the anxiousness that can come from sending bitcoins to different wallets. To send crypto, you need to download different apps. To make it easier to send and receive crypto, the @wallet bot has been created.
Telegram handles of recipients are all that is required for TON users to be able to send Toncoin. There are no transaction fees and the payments can be made quickly. With the most recent update to @walletbot, the TON Foundation made it more similar to a bank app. Telegram users can purchase Toncoin with their credit cards from within the Telegram app. Furthermore, users do not need to go to a third-party website to complete their KYC verification, as the integration of the Sum&Substance system with the @wallet bot makes it easier.
Telegram chats can be used to make it possible for @wallet and Toncoin users to transfer Toncoin P2P. The TON Foundation team created an interface that is easy to understand and has a natural appearance using WebApps. The latest update has been referred to as “a small revolution” by the TON Foundation team.
Andrew Rogozov was a founding member and supporter of the TON Foundation. He praised the most recent upgrade. “We are pleased that TON ecosystem products are rapidly evolving and entering the lives of blockchain veterans and novices alike,” Rogozov said. “The widescale adoption of TON by users, regardless of their experience, is one of our key goals. This update is just one example of the project’s tangible success. Thanks to @wallet, it is now easier to buy and send cryptocurrencies within the Telegram app and get acquainted with the world of blockchain payments.”
Information about The Open Network (TON).
TON began as Telegram Messenger’s brainchild, which was the Durov brothers who created it. However, after developing “The Open Network” in 2018, the Durov brothers eventually handed the project over to the TON community, and it has been developed and scaled by the community since then.
TON remains true to its original purpose, which was to allow for cheap, easy-to-use, highly scalable and fast transactions. The TON Foundation, which is a consortium of non-commercial supporters that help to develop and maintain the blockchain, was established later.
@wallet is a Telegram Messenger bot that allows crypto transactions to be made. It was created by the TON community of developers. The @wallet bot has seen a lot in popularity since its launch. It now boasts over 1,000,000 wallets, and has an annual turnover of $5M.
It is easy to use @wallet for crypto transactions. Users can even purchase or hold Toncoin from the Telegram app. TON intends to add millions more users into cryptocurrency with the latest update.
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