Independent Developers of Ton Announce the Latest Upgrade of the @Wallet Bot, Transforming It into a Full-Service Cryptocurrency Wallet
24 August 2022 - 11:20PM
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The development of Toncoin, designed to work in conjunction with
the Telegram messaging app, has been one for the books. TON, which
stands for “The Open Network,” got its own @wallet bot on
Telegram’s open WebApps platform back in April, enabling users to
transact Toncoin from within the messaging app. The revolutionary
development has since then witnessed growth in terms of usage and
transaction volumes. This time around, with a significant upgrade,
a group of independent TON developers have taken it another step
further by launching a fully-fledged cryptocurrency wallet inside
the messaging app. This new innovation will allow users to buy and
send Toncoin much faster and cheaper compared to before. Changing
The Space With @Wallet Anyone who uses cryptocurrency is no
stranger to the anxiety that comes with sending crypto from one
wallet to another. This starts with downloading different apps for
different purposes and having to copy and paste complicated wallet
addresses to send crypto. This is the reason the @wallet bot was
created; to make the process of sending and receiving crypto much
easier. TON users need only have the Telegram handle of the
recipient to send Toncoin. The payments are fast, and there are no
transaction fees. Now, with the latest update, the TON Foundation
has made the @wallet bot more like a bank app. Users can now easily
buy Toncoin using their credit cards right inside the Telegram app.
Furthermore, users do not need to go to a third-party website to
complete their KYC verification, as the integration of the
Sum&Substance system with the @wallet bot makes it easier. This
way, @wallet can now facilitate easy P2P transfer of Toncoin
through Telegram chats. Using the WebApps platform, the TON
Foundation team has been able to create an easy-to-understand
interface with a native appearance built into it. The latest update
has been referred to as “a small revolution” by the TON Foundation
team. Andrew Rogozov, a founding member of the TON Foundation,
lauded the latest upgrade. “We are pleased that TON ecosystem
products are rapidly evolving and entering the lives of blockchain
veterans and novices alike,” Rogozov said. “The widescale adoption
of TON by users, regardless of their experience, is one of our key
goals. This update is just one example of the project’s tangible
success. Thanks to @wallet, it is now easier to buy and send
cryptocurrencies within the Telegram app and get acquainted with
the world of blockchain payments.” About The Open Network (TON) TON
was initially the brainchild of the Durov brothers, who founded
Telegram Messenger. However, after developing “The Open Network” in
2018, the Durov brothers eventually handed the project over to the
TON community, and it has been developed and scaled by the
community since then. TON still keeps close to its original design,
which is to facilitate cheap, user-friendly, fully scalable, and
lightning-fast transactions. The TON Foundation was later formed to
oversee the development of the TON Blockchain, and it is made up of
a group of non-commercial supporters who help develop the
blockchain. A creation by the TON developer community, the @wallet
bot helps users carry out crypto transactions inside Telegram
Messenger. Since it was launched, the @wallet has gained a lot of
traction, achieving over 1 million wallets and an operating
turnover of $5 million in the last quarter alone. Using @wallet to
send crypto transactions is as easy as sending a text, so it is no
wonder that it has grown so rapidly as users can also purchase and
hold Toncoin all inside the Telegram app. With its latest update,
TON plans to onboard millions of users into crypto. To learn more,
visit ton.org/
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