Toncoin becomes Telegram’s exclusive cryptocurrency for app services
Telegram has officially designated Toncoin (CRYPTO:TON) as its sole accepted cryptocurrency for all app services, following a new partnership with the TON Foundation.
This strategic move, announced on January 21, 2025, means that Telegram will no longer support any other blockchain for its Mini Apps ecosystem.
As part of this collaboration, Toncoin will be the only cryptocurrency used for non-fiat payments for various Telegram services, including Telegram Stars, Telegram Premium, Telegram Ads, and the Telegram Gateway, which serves as an alternative to traditional SMS verification.
Additionally, Toncoin will be the exclusive currency for compensating Mini App developers and channel owners for their earned revenue.
The partnership aims to deepen the technological integration between Telegram and the TON network.
The TON Foundation noted that Telegram's features have significantly contributed to the growth of the TON ecosystem through updates to its Mini Apps and the use of Toncoin for financial transactions.
Manuel Stotz, president of the TON Foundation, emphasised the importance of this partnership, stating that it marks a significant step toward expanding TON's reach in 2025.
He highlighted Telegram's vast user base of over 950 million monthly active users as a unique advantage for promoting blockchain technology.
With this exclusivity agreement in place, all Mini Apps that incorporate blockchain functionality must now utilise TON Connect as their linking protocol to blockchain wallets.
This shift is expected to streamline user experiences and enhance the overall functionality of Telegram’s app ecosystem.
The announcement comes shortly after Hamster Kombat (CRYPTO:HMSTR), a popular Mini App on Telegram, revealed plans to launch its own blockchain network.
This development underscores the competitive landscape in which Telegram is operating as it seeks to solidify its position within the Web3 framework while leveraging the capabilities of the TON blockchain.
At the time of reporting, the Toncoin (TON) price was $5.21.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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