Telegram Adopts Toncoin as Exclusive Cryptocurrency for App Services and Payments

Telegram adopts Toncoin as its exclusive cryptocurrency for app services and payments. This landmark partnership with The Open Network (TON) positions Telegram as a trailblazer in blockchain integration, cementing its commitment to a unified Web3 infrastructure.

Deepening ties between TON and Telegram

Telegram adopts Toncoin as the exclusive cryptocurrency for its app services, ensuring a streamlined and blockchain-integrated ecosystem.

With this move, all Mini Apps on Telegram will exclusively deploy blockchain functionality via TON Connect, eliminating support for other networks like Solana and Aptos.

Telegram will only accept Toncoin for services such as Telegram Stars, Premium, Ads, and Gateway, reinforcing the role of Toncoin in the platform. Additionally, Toncoin will serve as the exclusive payment method for Mini App developers and channel owners, including revenue distribution and Telegram Stars payouts. Through Toncoin’s adoption, Telegram fosters non-fiat payments, enabling users to make purchases, subscribe to services, and access premium features using Toncoin. Content creators and developers will also receive payments in Toncoin, further cementing its role in Telegram’s ecosystem.

Many builders chose to deploy on TON before, but some added blockchain functionality through other networks instead,” a spokesperson for the TON Foundation told Cointelegraph.

The platform will also leverage Toncoin for decentralized verification, replacing traditional SMS-based methods with TON, reinforcing the deep integration of Toncoin in Telegram’s app services.

Telegram’s announcement, shared on January 21, confirms that it will exclusively support TON for its Mini App ecosystem and other services. This includes payments for Telegram Premium, Telegram Ads, and the Mini Apps ecosystem, making Toncoin the sole non-fiat payment method across the platform.

The TON Foundation expressed that this partnership deepens the technological ties between the two entities. Manuel Stotz, President of the TON Foundation, emphasized, Telegram is not just an app; it’s a gateway to the global blockchain community. This partnership is a turning point for Web3 adoption.

Toncoin has always been a key part of Telegram’s ecosystem, and this partnership solidifies its role, said a spokesperson for the TON Foundation.

Telegram Adopts Toncoin: How This Affects Users and Developers

The exclusivity with TON simplifies the payment process for users, while developers can benefit from consistent integration of TON Connect. Telegram’s global reach boasting over 700 million active users offers unprecedented exposure for Toncoin, potentially accelerating blockchain adoption on a massive scale.

Chris Hartfield, a cryptocurrency strategist, noted, This is a textbook example of how blockchain technology can be woven into mainstream platforms. Telegram Adopts Toncoin exclusivity sets a new standard.

The TON Foundation views this partnership as a springboard for growth in 2025 and beyond. By leveraging Telegram’s popularity, TON aims to expand its blockchain ecosystem rapidly.

Stotz added, With this partnership, TON is poised to become the gold standard in blockchain infrastructure for messaging apps and beyond.

The partnership between Telegram and TON Foundation has sparked excitement across the blockchain community. Industry insiders believe this move could encourage other tech platforms to explore similar integrations.

Sophia Carter, a blockchain analyst, said, The exclusivity ensures reliability and scalability for Telegram users and developers. This collaboration is a glimpse into the future of blockchain-enabled platforms.

Telegram Adopts Toncoin exclusively represents a transformative moment in the blockchain industry. With its massive user base, Telegram is setting a precedent for blockchain integration at scale. As Toncoin becomes the backbone of its ecosystem, the partnership with the TON Foundation is poised to redefine how messaging apps interact with blockchain technology.

This move positions Telegram adopts toncoin as a pioneer in the Web3 revolution, with Toncoin leading the charge for broader blockchain adoption. Get more from The Bit Gazette