TON Now Available For Trade To Telegram Users, In OKX And Telegram

Telegram users are now facilitated with transacting in The Open Network’s TON.

The TON project is all set to be used and traded in OKX and through an in-app bot despite SEC’s intentions to stop the app’s TON launch plans.

Telegram now stands among other competitors like Twitter, Whatsapp, etc., already having similar features.

Recently the TON Foundation announced a new bot that facilitates cryptocurrency transactions utilizing TON, the Open Network’s token in the Telegram app. Over 550 Million app users would be benefited from the new feature.

The users would be enabled to send and receive TON without any fees taking advantage of the blockchain once visualized by Telegram. The feature rolled out on April 28, when TON was made available for buying on a Malta-based cryptocurrency exchange, OKX, formerly known as OKEx.

Telegram In Competition With Other Players

This feature comprising Telegram comes as a plus point for the social media platform as it can compete with Twitter now. Starting last year, Twitter has been supporting tips in Bitcoin (BTC) and Ethereum (ETH) and has recently collaborated with Stripe to add a payment feature through USD Coin (USDC), which is a Coinbase created stablecoin.

Apart from Telegram and Twitter, other social media applications with something similar are Reddit, and Whatsapp, which has a fiat-powered Whatsapp Pay feature integrated in Brazil and India.

They are focusing on making transactions as smooth as sending a message, eliminating the need for managing a crypto wallet and the long non-human readable crypto addresses, the Foundation highlights.

Earlier in 2020, Telegram was prompted to drop the original TON project because the Securities and Exchange Commission (SEC) issued a lawsuit, which was an anti-ICO spree back then. The Commission also went after major entities like Ripple, KIK, Telegram, and Facebook, besides major frauds related to Onecoin and Bitconnect.

According to the CEO and founder of TON, the new team in charge of the project is developing something epic that manages to keep the platform among the top social networks.

Given the vastness of the ecosystem, it is to look forward to how the new crypto asset would emerge.