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Telegram will let users send THIS through its app, Read Here

Now, Telegram will allow you to send cryptocurrency through its app. According to protocol, you will be able to make crypto payments on this platform.

The TON Foundation which looks after the toncoin token has enabled sending crypto to other users using toncoin (TON) in the app. It also has a feature to buy bitcoin within the app.

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Telegram, which has about 550 million users, previously dropped its plan for its token after a legal challenge from the AUS Securities and Exchange Commission (SEC). The SEC sued Telegram in 2019 after it raised $1.7 billion to develop its token, calling it an illegal token offering.

Later, Telegram paid a fine to the SEC and agreed to return the capital amount to the investors. Since then, Telegram’s CEO Pavel Durov has endorsed a separate spin-off token Toncoin which is independent of Telegram. That is the coin that is now enabled for payments on Telegram, the report said.

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The TON Foundation announced on Twitter that it has enabled the ability to send Toncoin “without transaction fees to any Telegram user”

Check out their announcement here:

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