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How to send Crypto on Telegram

Rudy Fares

The crypto community was buzzing with the latest news. Users on Telegram are now able to send crypto to each other seamlessly. There are a few setup steps required before being able to send cryptos. In this article, we’re going to go over the dynamics of such news to happen, and go through a step-by-step guide on how to send crypto on Telegram.

Telegram TON

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Does Telegram have its own token?

The short answer to this is no. Telegram company did in fact plan to launch its own token called “GRAM”. Users were set to use this specific token to send and receive crypto. On the other hand, just like Ripple company and many others, Telegram got slammed with a lawsuit. The SEC claimed that Telegram company was “selling unregistered securities”. The company later agreed to a settlement back in mid-2020, to return more than USD 1 Billion in funds to early investors. The project was dumped soon afterwards.

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Can you send Crypto on Telegram today?

The Open Network (TON) is a fully decentralized layer-1 blockchain designed by Telegram to onboard its users into the crypto space. It has fast transactions and low fees. TON basically created an API that plugs into Telegram as a Wallet bot. Users will communicate with the bot, set up their wallets, and be able to send and receive the TON token with other others.