The TON chat software now has a full-fledged cryptocurrency wallet developed by a group of independent developers. As a result of this update, users may now engage in bitcoin transactions without the need for a middleman.

Sending Toncoin simply requires the recipient’s Telegram handle, rather than their cryptocurrency address. Telegram users may now use their credit or debit cards to purchase Toncoin directly via the @wallet bot, which operates much like banking software. Toncoin (TNC) will be tradeable for USD, EUR, UAH, BYN, and KZT, among other fiat currencies.

Telegram P2P Market

Telegram’s co-creators, Parel Durov and Nikolai Durov, created The Open Network (TON) in 2018. The original developers eventually handed the project to the TON community, who have been responsible for its continued development and improvement. In time, a group of non-profit supporters banded together to form the TON Foundation, whose responsibility is to oversee the creation of the TON Blockchain.

To make it easier to buy and sell cryptocurrencies via Telegram, the TON development community created the @wallet bot. Over a million wallets have been generated and quarterly income has been at over $5 million since the debut of the @wallet.

The @wallet team explained their plans to build a trading bot for Telegram. They state that they are making progress toward their ultimate aim of developing a full-fledged crypto wallet linked to Telegram through a bot with the introduction of the P2P market.

The creators set out to create a bitcoin wallet that could be used by regular individuals with no training. They anticipate that this “simplicity” strategy will allow them to attract a large user base and that @wallet will quickly rise to prominence as Telegram’s preferred cryptocurrency wallet.

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