How to send Crypto on Telegram

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The crypto community was buzzing with the latest news. Telegram users can now send crypto to each other seamlessly. Some setup steps are required before you can send crypto. In this article, we will review the dynamics of such news and see a step-by-step guide on how to send crypto on Telegram.

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Does Telegram have its own token?

The short answer to this is No. In fact, the Telegram company planned to launch its own token called “GRAM”. Users were configured to use this specific token to send and receive crypto. On the other hand, like the Ripple company and many others, Telegram was the subject of a lawsuit. The SEC claimed that the Telegram company was “selling unregistered securities”. The company later agreed to a deal in mid-2020 to return more than $1 billion in funding to early investors. The project was dumped soon after.

Can you send Crypto on Telegram today?

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