Telegram and its integration with the TON blockchain have caught the attention of the crypto community. This article explores how Telegram might become the most important cryptocurrency application.
What is Telegram and TON?
Telegram is a popular messaging app known for its speed, security, and privacy features. It has over 950 million active users worldwide. TON (The Open Network) is a decentralized blockchain platform originally developed by Telegram. In March 2024, Pavel Durov announced that Telegram would use TON for all its cryptocurrency functionalities.
How Is Telegram Impacting Crypto?
Telegram simplified crypto payments by integrating them with the TON blockchain. Users can make $TON payments for in-app advertising and use stablecoins instead of fiat currencies. The introduction of these crypto-friendly features led to significant transaction growth on the TON blockchain. Additionally, Telegram added mini-apps running on TON. These apps, including games, have increased transaction activity, showcasing the growth of Web3 technologies.
Retail Onboarding
Games and mini-apps within Telegram attract millions of users who might not realize they are engaging with cryptocurrency. These games integrate into Telegram's ecosystem, making it easy for users to get involved without needing to understand complex crypto concepts. TON-based apps help onboard a new audience to cryptocurrencies, simplifying the participation process.
In conclusion, Telegram has emerged as a powerful tool for mass crypto adoption. By integrating Web3 technologies, it offers a simple and accessible entry into the cryptocurrency world for all app users.
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