In a groundbreaking alliance, the TON Foundation and Blockchain.com have joined forces to usher in a new era of crypto accessibility within the Telegram ecosystem.
This collaboration promises to make seamless cryptocurrency management and unprecedented incentives available to the more than 800 million monthly active users on Telegram, setting the stage for transformative change in the digital financial landscape.
Summary
TON Foundation and Blockchain.com forge groundbreaking partnership to democratize access to crypto on Telegram
The Open Network Foundation (TON Foundation), a Swiss non-profit organization dedicated to advancing the Web3 ecosystem within Telegram, recently unveiled a strategic partnership with Blockchain.com, a world-renowned platform that serves both retail customers and institutional players in the cryptocurrency space.Â
This partnership is a significant step in making cryptocurrencies more accessible to Telegram’s vast user base, which boasts more than 800 million monthly active users.
In September 2023, the TON Foundation introduced TON Space, a self-custody cryptocurrency wallet based on the TON network. This wallet was integrated into Telegram’s settings menu for existing wallet users located outside the United States.
Starting in November 2023, TON Space will become a default feature in Telegram’s menu for all users outside the United States.
A user experience revolution
This move is set to revolutionize the user experience, allowing Telegram users to seamlessly manage their cryptocurrencies and engage in buying, selling, and trading activities as easily as sending a text message.
Notably, this collaboration will also bring Toncoin, the cryptocurrency native to the TON network, to the 90 million wallets hosted by Blockchain.com, offering users a gateway to embark and disembark their cryptocurrencies.Â
Transaction pairs for Toncoin will include GBP, USD and EUR, further expanding the usefulness of this digital asset.
To demonstrate their continued commitment to providing exceptional value to users, the partnership includes an attractive incentive program for Blockchain.com users.
Program participants will receive an additional US$5 worth of Toncoin when they purchase US$20 worth of Toncoin on the platform.
This initiative is intended to boost user engagement and promote Toncoin adoption.
In parallel with this incentive program, the TON Foundation is preparing to achieve an extraordinary feat in the blockchain world.
On 31 October 2023, it will attempt to set a world record for the fastest blockchain. This ambitious feat can be followed live at live.ton.org and will undoubtedly mark a historic moment in the evolution of blockchain technology, highlighting the immense potential of The Open Network.
An overview of the parties involved in the partnership
The Open Network Foundation, or TON Foundation, is a Swiss nonprofit organization established in 2023. Funded entirely by the community, TON Foundation works in line with community interests and actively supports initiatives that further The Open Network’s mission.
The Open Network, often referred to as TON, is on a mission to bring cryptocurrencies into the hands of billions of people. By creating a Web3 ecosystem within the Telegram Messenger platform, TON enables individuals to take ownership of their digital identity, data and assets.
Blockchain.com is at the forefront of connecting the world to the future of finance. As a world-renowned and rapidly expanding cryptocurrency company, it serves millions of users worldwide by providing a secure portal to the world of cryptocurrency.
Since its inception in 2011, Blockchain.com has earned the trust of more than 90 million wallet users and more than 40 million verified users, facilitating more than $1 trillion in cryptocurrency transactions.
In conclusion, the collaboration between TON Foundation and Blockchain.com represents a significant step forward in the world of cryptocurrency accessibility and user engagement.
It not only makes cryptocurrency management easier for Telegram users, but also introduces attractive incentives for those who use Blockchain.com’s services.
In addition, the TON Foundation’s upcoming attempt to set a world record for the fastest blockchain underscores their commitment to pushing the boundaries of blockchain technology, offering a glimpse into the limitless possibilities of The Open Network.
