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) expertise nonetheless growing after Telegram officially abandoned the project final 12 months.

“I’m proud that the expertise we created is alive and evolving. In terms of scalability and pace, TON continues to be years forward of the whole lot else within the blockchain realm,” Durov said in a Telegram put up on Thursday.

He famous that the venture rebranded from TON to Toncoin. In contrast to the unique TON, the brand new venture is impartial of Telegram. “However I want its workforce the identical success. Coupled with the suitable 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, making ready to allow donations on Telegram utilizing the Toncoin cryptocurrency.

TON on Thursday announced a partnership with Donate, saying that customers will quickly be capable of make donations and pay for his or her subscriptions in Toncoin. On the identical time, channel directors will be capable of accumulate 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 venture in 2020 after a prolonged battle with america Securities and Trade 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 venture greater than a 12 months in the past, the thought of TON has not been deserted, with the unique open-source venture giving rise to a number of independent spinoffs.

On the time of writing, the TON Russian group has nearly 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 worth chart. Supply: CoinGecko

Amid the newest information, Toncoin’s worth has seen notable development, 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 among the world’s largest crypto exchanges, together with OKEx, FTX and EXMO.