The Open Community (TON) Basis has introduced the release of a brand new bot that can facilitate transactions the use of the TON token. The token will also be traded at the Telegram app or the OKX cryptocurrency change.

TON token to be traded on Telegram and OKX

The TON Basis launched a press release on April 26 pronouncing that the brand new characteristic will receive advantages over 550 million customers at the Telegram app. Those customers can now ship and obtain the TON token at 0 transaction charges and get right of entry to the advantages presented by way of the blockchain undertaking.

OKX, a Malta-based change platform in the past referred to as OKEx, issued an alert to customers pronouncing. “The change will start accepting deposits on April 28, beginning at 3:00 am UTC, and notice buying and selling will resume at 5:00 UTC. $TON withdrawals shall be open beginning April 29 at 9:00 am UTC.”

The brand new characteristic will permit Telegram to compete in opposition to different social media platforms like Twitter that experience built-in cryptocurrency choices. Twitter lately partnered with Stripe to combine a bills characteristic for the USDC stablecoin. Reddit and WhatsApp also are making developments in integrating cryptocurrency bills.

The TON Basis mentioned that the target of the brand new characteristic can be to permit seamless, simple and rapid transactions for Telegram customers. It is going to take away the complicated means of transacting with a cryptocurrency pockets. The TON Basis plans for this fee way for use by way of shoppers to shop for items and products and services from other traders.

The TON Basis issued a commentary to CoinDesk pronouncing, “We look ahead to that this capability will prolong into the shopper to trade bills in order that folks can simply achieve items and products and services by way of sending Toncoin by way of bots within the Telegram app.”

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Toncoin was once as soon as Telegram’s undertaking

In 2020, america Securities and Change Fee (SEC) filed a lawsuit in opposition to Telegram over the TON undertaking. The social media platform was once pressured to desert the undertaking.

Telegram is not concerned with the TON undertaking. Telegram’s founder and CEO, Pavel Durov, mentioned that the group tasked with operating the undertaking was once growing “one thing epic” to make sure Telegram turns into a number one social community. Telegram will now be competing with Twitter, which is within the means of being got by way of Musk. The Tesla CEO has promised primary adjustments to Twitter.

Alternatively, there may be large festival within the cryptocurrency marketplace these days. Subsequently, the TON cryptocurrency may have a lot paintings to do if it intends to turn out to be a few of the best initiatives available in the market.

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