Telegram: If you use Telegram then there is great news for you. Soon you will be able to pay in cryptocurrencies on Telegram. Yes, the Telegram Open Network (TON) community said in a blog post that Telegram users will soon be able to donate in cryptocurrency and pay for their subscriptions. This cryptocurrency will be known as Toncoin. All channel admins will be able to deposit their income in a single cryptocurrency.

The technology is currently in its development phase
Telegram CEO and Co-Founder Parel Durov announced that the company was officially informed about the project in 2020, although the TON blockchain technology is still in its development phase.

Claims - At the forefront of scalability and speed
“The TON Community is proud to announce that the TON Blockchain and Donate, a Telegram-verified payments service, have become official partners,” Blockchain Protocol said on its official Telegram handle. Durov has stated that TON is ahead of everything else in the blockchain space in terms of scalability and speed.


The project was officially announced in 2020
The TON blockchain is basically Telegram's attempt to explore Web3 with decentralized storage. In 2020, the company officially announced the launch of the project amid a dispute with the United States Securities and Exchange Commission. At that time the company was being accused of violation of securities law.

It has been clarified that the project has since moved from TON to Toncoin, which is independent of Telegram.

“When Telegram said goodbye to TON last year, I hoped that the next generation of developers would one day move forward with our vision of a mass-market blockchain platform… the Open TON project,” Durov said in a post. Which they rebranded to Tonecoin… I am proud that the technology we have created is alive and growing. When it comes to scalability and speed, TON is still ahead of everything else in the blockchain space. This project It would be a shame to see him not benefiting humanity."

At the time, Meta Inc (formerly Facebook) faced a similar backlash and shut down its cryptocurrency Libra (now Diem).