In an era where communication is becoming increasingly diverse, the popular messaging app Telegram has decided to bolster its ranks with blockchain technology. Collaboration with the TON Foundation opens the door to the world of cryptocurrencies for a vast number of app users.
Telegram, a globally recognized messaging service, is taking another significant step towards integrating blockchain technology. Through collaboration with the TON Foundation, Telegram announced integration with a crypto wallet, potentially impacting a community of 800 million active users per month.
This vast community has been using various cryptocurrency-based projects within the app for some time. Among them are bots for cryptocurrency trading, channels forecasting and analyzing the market, as well as a large community of investors and operators. Collaboration with the TON Foundation aims to strengthen Telegram’s position in the cryptocurrency sector and increase the acceptance of this innovative asset class.
A new feature, named “TON Space,” will be launched in November 2023. However, it won’t be available in some regions, including the United States.
The TON wallet was created by The Open Platform (TOP). Its development was often controversial, especially when it was halted by Telegram due to pressures from US regulators. In response, the crypto community decided to take over the TON project, establishing a Foundation aimed at promoting its development. Gradually, the TON token gained integration with Telegram and other platforms, allowing users access to new features, such as purchasing unique domains or creating a Telegram account without providing a phone number.
Almost immediately after the announcement of the integration, the team responsible for the wallet experienced server issues, which, as it turned out, were caused by immense user interest. The desire to create accounts and acquire free TON tokens was so high that the servers couldn’t handle requests at a rate of a thousand users per second.
Currently, the value of the TON token has significantly increased, directly related to its integration with Telegram.
A collaboration of this scale shows how much cryptocurrencies and blockchain technology are gaining in popularity. As further integration with popular platforms like Telegram continues, we are witnessing the evolution of the financial world, where digital currency becomes increasingly common and accessible to a broad audience.
