- Telegram recently reached 900 million users.
- TON benefits directly from Telegram’s expansive user base and proactive stance on cryptocurrency adoption.
- Integration of TON within Telegram enables seamless transactions through the messaging app’s native wallet despite lingering security concerns.
Telegram has recently celebrated a monumental achievement, crossing the impressive threshold of 900 million users. This surge in user numbers has reverberated positively for Telegram Open Network (TON), a blockchain platform intricately linked with Telegram’s vast user base.
TON has experienced a remarkable 17% surge in growth over the past three days alone. This symbiotic relationship between Telegram’s expanding reach and its fervent advocacy for cryptocurrency adoption has directly fueled the growth of Toncoin.
The integration of TON within Telegram’s ecosystem facilitates seamless transactions for users directly through the messaging app’s native wallet. This integration enables users to engage in transactions effortlessly on TON’s blockchain network, capitalizing on its cost-effective transaction fees and fee-free transfers for USDT. The allure of zero fees for transactions within the network is particularly appealing to users seeking to conduct frequent transfers without the encumbrance of exorbitant transaction charges.
However, the integration of a wallet within a messaging app raises legitimate security concerns. Critics caution that while the wallet offers convenience for everyday transactions, it may not offer the requisite level of security for safeguarding substantial assets. Traditional hardware wallets are still recommended for users prioritizing security due to their robust security features.
Despite these concerns, the Telegram ecosystem presents a compelling value proposition. Hosting a myriad of apps and bots, Telegram enables users to interact with their wallets innovatively. For instance, users can partake in farming or engaging in decentralized finance (DeFi) activities directly through Telegram using TON or other tokens.
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