Telegram integrates TON crypto wallet, Toncoin price jumps 7%

Messaging app Telegram endorsed TON as its blockchain network of choice for Web3 infrastructure, boosting Toncoin’s price by 7%.

Popular messaging app Telegram has finally unveiled a crypto wallet, nearly three years after it first revealed plans to build a Web3 ecosystem. The wallet was presented during the ongoing Token2049 event in Singapore.

The crypto wallet is developed on The Open Network (TON) blockchain and is now available to Telegram’s 800 million users worldwide. The TON wallet integration into Telegram helped the price of Toncoin soar by nearly 7% on the announcement.

TON Foundation said that projects built on the TON blockchain will get priority access to the messaging app’s advertising platform, Telegram Ads. The wallet feature is currently available in the settings for current users, and a global rollout will begin in November later this year, excluding the United States and a few other countries

#news #telegram #crypto #ton

Sep-14-2023 08:28:18 AM