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The Telegram application allows users to transfer encrypted digital currencies

 

At a time when more and more companies are adapting to cryptocurrencies, Telegram has introduced the feature of converting and exchanging cryptocurrencies.


In its latest upgrade, instant messaging service company Telegram has launched a peer-to-peer cryptocurrency exchange service for its users.


The service was developed by The Open Network (TON), a group founded by the founders of Telegram.


The organization is a community of open-source developers who support the development of TON.


Telegram and cryptocurrency exchange support:

The developer community supports the digital currency Toncoin (TON), which allows payment of commissions for processing transactions on the network using smart contracts.


They are also used for transaction fees, securing the blockchain network through quotas, and also for settling payments.


The cryptocurrency TON ranked 33rd according to market capitalization on CoinMarketCap, works on the allocation mechanism and algorithm.


At the time of this writing, the cryptocurrency TON is trading at $1.41, up 2.2% in the last 24 hours.


The current market value of the TON project is $1.72 billion.


The project team announced the launch of a new P2P marketplace.


Users can now buy and sell cryptocurrencies to each other, as the service is the transaction's guarantor.


The Telegram cryptocurrency exchange is a new feature that acts as an extension of the wallet feature it has introduced so far.


According to an official announcement from the developers, the new cryptocurrency platform Telegram allows users to buy and sell cryptocurrencies.


Transactions can also be made directly on the Telegram app.


The foundation said that a 0.9% fee will be charged as a commission for selling cryptocurrencies.


This and no commission will be charged from buyers.


Which users can access P2P service on Telegram?

The P2P marketplace supports six different fiat currencies, including the dollar, the euro, the Russian ruble, the Ukrainian hryvnia, the Belarusian ruble, and the Kazakhstani tenge.


Users can create an ad to sell Toncoin and buy cryptocurrency by selecting an ad posted by another user.

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