Telegram Rolls Out Crypto Payments via Toncoin

The TON Foundation, a decentralized layer-1 blockchain from Telegram, has announced the addition of a new crypto payments features to the messaging app. Users can now send Toncoin, the platform’s native cryptocurrency to other Telegram users without any transaction fees. Telegram Users Can Now Send Crypto to Each Other Telegram’s new crypto feature launched on April 28 is similar to Twitter’s Bitcoin payments feature, which has been offered through its Tip Jar feature since September last year. Twitter, however, uses Stripe’s Lightning Network feature for such payments. You can now send #Toncoin directly within Telegram chats! It’s a new way to send Toncoin without transaction fees to any Telegram user. With this service, you’ll no longer need to enter long wallet addresses and wait for confirmations. Watch the video and test the new feature! pic.twitter.com/EtXSMFtJj6 — TON (@ton_blockchain) April 26, 2022 To use the new feature, users must first download and install Telegram’s official Wallet bot, which allows them to buy cryptocurrencies using a bank card, to buy, trade, or send them to other wallets. Users can then send Bitcoin (BTC) or Toncoin to other users by clicking on the “Wallet” icon in direct messages. “With this service, you’ll no longer need to enter long wallet addresses and wait for confirmations,” the Foundation said in a tweet announcing the feature. The goal, according to the TON Foundation, is to “feel lik...