Wednesday, June 22, 2022

Telegram-verified payments bot to accept Toncoin cryptocurrency

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Telegram co-founder and CEO Pavel Durov has expressed pleasure concerning the Telegram Open Community (TON) know-how nonetheless growing after Telegram officially abandoned the project final yr.

“I’m proud that the know-how we created is alive and evolving. In terms of scalability and pace, TON remains to be years forward of all the pieces else within the blockchain realm,” Durov said in a Telegram submit on Thursday.

He famous that the undertaking rebranded from TON to Toncoin. In contrast to the unique TON, the brand new undertaking is unbiased of Telegram. “However I want its crew the identical success. Coupled with the proper go-to-market technique, they’ve all they should construct one thing epic,” he famous.

Durov’s remarks got here amid Donate, a Telegram-verified funds service, getting ready to allow donations on Telegram utilizing the Toncoin cryptocurrency.

TON on Thursday announced a partnership with Donate, saying that customers will quickly have the ability to make donations and pay for his or her subscriptions in Toncoin. On the similar time, channel directors will have the ability to acquire their revenue within the cryptocurrency. The Subscriptions service beforehand introduced the information on Monday.

TON is a blockchain that was created by brothers Nikolai and Pavel Durov in 2017, however the two and Telegram stepped away from the undertaking in 2020 after a prolonged battle with the USA Securities and Alternate Fee. The SEC particularly received a case the place it accused Telegram of violating the U.S. securities laws by conducting its $1.7billion preliminary coin providing in 2018.

Regardless of Telegram formally terminating the undertaking greater than a yr in the past, the thought of TON has not been deserted, with the unique open-source undertaking giving rise to a number of independent spinoffs.

On the time of writing, the TON Russian group has virtually 160,000 subscribers on its official Telegram channel, whereas the worldwide Toncoin group counts about 50,000 followers.

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Toncoin 30-day value chart. Supply: CoinGecko

Amid the newest information, Toncoin’s value has seen notable progress, surging over 23% over the previous 24 hours and buying and selling at $2.93 on the time of writing, in response to data from CoinGecko. The token’s all-time excessive was $4.5 recorded on Nov. 12. The token is listed on a few of the world’s largest crypto exchanges, together with OKEx, FTX and EXMO.