Over the past few years, Telegram has evolved from being a simple messaging app to becoming a full-fledged ecosystem with its own blockchain network called Telegram Open Network (TON).
Now with the recent inclusion of the stablecoin Tether (USDT) in the TON blockchain, it is great news for all telegram users, as this marks an important milestone in the adoption of cryptocurrencies and the expansion of Telegram as a global financial platform, we will talk about this in today's article, I know you will like the information and remember to leave your opinion in the comments.
My previous post: What they don't tell you after Halving
Image created in Bing AI - Edited in Canva
Table of contents for this article:
♦️ Evolution of Telegram to TON.
♦️ Benefits of including USDT in the TON network.
Evolution of Telegram to TON.
Telegram, founded by Pavel Durov, has been a pioneer in privacy and communications security. However, Durov did not stop there. His vision expanded to include a decentralized blockchain network that could offer more than just encrypted messages. Thus was born TON, an independently operating Layer 1 network that seeks to revolutionize the way we interact with money and financial services.
I remember very well when I met the Telegram APP about 5 years ago, where it only worked as a messaging network, I was captivated at first sight by the various options offered at that time, that was my substitute for other Apps like whatsapp or similar, I saw in telegram an App with good fundamentals, but something that I did not imagine was that the arrival of Crypto integration would come so fast and in such a good way, with a Blockchain network itself that today has had so much popularity and constant evolution and adoption.
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So much so, that today Telegram has its own internal Wallet, something that no other messaging App has, it is like having at hand a tool that allows you to send messages and at the same time operate with cryptocurrencies, the only detail is that at the moment it does not have broad support for so many Cryptos and is limited only to a basic number, where you can find coins like:
♦️ TON
♦️ BTC
It is a very limited option, but they are currencies that almost everyone uses, in the case of $TON which has a good value, it is a very useful currency both outside and inside the Telegram wallet, because in this messaging service you can use the TON currency to make different acitvities that later I will show you.
And if we talk about $BTC, it is another currency that many users have, and this would be a good way to avoid Centralized Exchanges and have your digital assets here, personally I see that as a plus in the Telegram wallet.
And not to mention that the way to send and receive cryptos with the use of telegram is something very easy to do, just with a couple of clicks you can access your cryptos.
Benefits of including USDT in the TON network
This April 19, a great news was released by Tether CEO Paolo Ardoino, as the following assets have been included to the TON network:
♦️ Tether USDT - The stable currency anchored to the value of the Dollar.
♦️ Tether Gold XAUT - The currency anchored to the value of gold.
Now, taking into account all this that I have mentioned above with the addition of Tether USDT to the TON blockchain, this can have different advantages that are important to highlight.
Borderless transfers: TON allows for seamless transfer of assets, increasing activity and liquidity. Users can send USDT and XAUT quickly and efficiently, regardless of their geographic location, and this leads to more users becoming interested in the TON network and Telegram.
The user base: Telegram's user base exceeds 900 million worldwide, this is a huge amount of users, and I am one of them. By including USDT in TON, Telegram offers its community a financial experience that rivals the traditional financial system. This could entice more people to adopt cryptocurrencies and increase TON adoption.
Ease of use: TON has built-in gateways for fiat-to-crypto transfers, making it easy to convert traditional currencies to cryptocurrencies. In addition, global gateways to bank cards and accounts are expected to be implemented soon, making transactions even easier for everyone, everywhere in the world.
Expansion of Tether to multiple blockchains: Tether is already present on 15 blockchains, including Tron and Ethereum and more. The launch on TON further expands its reach and demonstrates the versatility of this stablecoin.
Now let's give a final thought on all this, to sum things up a bit before I say goodbye.
Telegram is leading the blockchain revolution in messaging, giving options that so far no other app has implemented, and its community of over 900 million users could be the key to TON's success. Join this exciting adventure and discover the potential of TON and cryptocurrencies on Telegram! 🚀
This way I say goodbye to everyone and thank you for always being there to read the content I publish daily, happy day to all.
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