Telegram enables Toncoin protocol for sending crypto payments between users without any transaction fee. Telegram will use Twitter Bitcoin Payment feature for sending crypto payments from one user to another user.
Telegram Crypto Token History
In 2019 Telegram was planning to launch its own token. But The US security and exchange find some issue in its token and project was cancelled. US security exchange found some unlaw full selling of Initial Coin Offering within the system. But this is a subject of investigation.
For your information, let us tell you that at present 550 million users are active on Telegram. And most of them are using crypto apps for buying and selling decentralized assets.
That is, you can clearly understand that Telegram maintains a huge user base. But after the project of launching the coin is closed, now it has been decided to send crypto payment in Telegram again.
Tone coin protocol is being followed for this.
Telegram Will Use Toncoin Protocol For Sending Payments
TONCOIN protocol is very similar to Twitter Bitcoin Payment Feature. In Toncoin protocol sender will be able to send crypto payment at zero transaction fee. This is quite amazing and interesting thing.
Suppose someone want to send $20 payment then he will be able to send it with zero transaction fee and without any difficult exchange login process.
Toncoin foundation enabling fee free transaction within the Telegram app. Also users could be able to buy Bitcoin within the telegram app. Twitter Bitcoin payment feature is managed by the third party Stripe payment system.
But in Toncoin protocal system, It is completely Telegram project. TON project is a decentralized system and TON blockchain is developed by the Telegram itself.
Main features of TONCOIN Protocol
- Fee Free Transaction.
- Decentralized platform.
- Easy to use.
- No third party involvement.
- Completed 52 Million successful transaction till now.
Final Points
Telegram enabling users to send crypto payments with zero transaction fee.
Users will be able to buy Bitcoin within the telegram app.
Whatsapp is using UPI payment system to send and receive fiat money similarly.
Twitter is using Stripe payment system to send and receive Bitcoin payment within the network.
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