Independent developers of TON’s @wallet upgrade going live in Telegram Messenger: What is Wallet 2.0?

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Vladislav Sopov

User-friendly cryptocurrency trading bot, @wallet, leverages the latest technology updates from Telegram’s open WebApps platform

Contents

  • Here’s what’s changing with @wallet v2.0 upgrade
  • Unparalleled user experience and speed for Toncoin P2P trading

As Telegram Messenger becomes increasingly popular in various parts of the world, independent developers in the TON ecosystem are releasing major upgrades to their key wallet.

Here’s what’s changing with @wallet v2.0 upgrade

According to the official announcement shared by the TON Foundationits @wallet Telegram bot has undergone a massive update.

The wallet has already introduced Toncoin (TON) as the very first cryptocurrency that can be sent directly between two email users. Now its speed and user-friendliness have been improved. Developers at TON Foundation describe the upgrade as a “small revolution”.

With this upgrade, Toncoin (TON) enthusiasts can purchase this token and other cryptocurrencies seamlessly without leaving the messaging app. All necessary KYC checks are performed through a collaboration between the TON Foundation and the Sum&Substance (SumSub) online verification protocol.

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Additionally, wallet instruments are now added to Telegram’s attachments menu. Thus, Telegram Messenger users can send TONs to each other directly in chats.

Andrew Rogozov, founding member of the TON Foundation, is excited about the opportunities the upgrade opens up for all fans of TON and crypto as a whole:

We are excited that the products in the TON ecosystem are rapidly evolving and entering the lives of blockchain veterans and newbies alike. Widespread adoption of TON by users, regardless of experience, is one of our primary goals. This update is just one example of the tangible success of the project. Thanks to @wallet, it is now easier to buy and send cryptocurrencies in the Telegram app and to get familiar with the world of blockchain payments.

New features are available in the latest versions of Telegram; as such, all TON enthusiasts should download the new version or use its web interface.

Unparalleled user experience and speed for Toncoin P2P trading

Moreover, the bot has reached important milestones in its mass adoption. For the third quarter (2022), its net operating revenue exceeded $5 million; the number of registered accounts exceeded 1 million.

TON, or Telegram Open Network, is not associated with Telegram Messenger. Completely community-oriented, it has gained particular popularity among Telegram users.

The platform itself should be called a high-performance layer-1 blockchain that supercharges the feature-rich ecosystem of blockchain tools. Over 1.16 million accounts are active on TON, and an increase of nearly 400% has been seen in the past six months.

In addition to being a user-friendly and cost-effective value transfer instrument, TON will also be integrated into a number of breakthrough use cases. In the next phases of TON progression, it will be accepted as a method of payment for decentralized data storage, proxy server infrastructure, and decentralized Domain Name System (DNS) mechanisms.

The TON Bridge can be used for seamless non-custodial transfer of value between TON and the two largest smart contract platforms Ethereum (ETH) and BNB Chain (formerly Binance Smart Chain or BSC).

As a promising project that addresses crucial “pains” in the cryptocurrency segment, TON is recognized by the global investment community. The project, among others, has attracted major investors, such as Huobi, with funds of $250 million and $90 million created to finance promising projects and grants.

TON is well known for its active community management and ecosystem building. His foundation launched a funding program for startup teams and the TONStarter launch pad for promising cryptocurrency projects. The TON community can vote on the details of upcoming funding programs.

Additionally, TON offers a number of sponsorship programs designed to nurture non-profit blockchain promotion and education communities. TON supports blockchain events, hackathons, and media resources.

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