Telegram USDT Payment: Getting Started with TON on Telegram
A lot of people are not aware that they can use Telegram to make USDT payments to their friends and family. You’re probably not aware as well.
This article is an insight to getting started with TON on Telegram, so if you’re interested in the Telegram USDT payment and how it works, then you should keep on reading!
But first, let’s start from the basics
What is Telegram?
Telegram is a cloud-based mobile and desktop app that allows users to send messages, photos, videos and files of any type to anyone across the world. Telegram users can exchange text messages, hold voice calls and join groups of up to 200,000 members. This app is known for its focus on security, speed, and user’s ability to subscribe to public broadcast channels, making it one of the best and most popular instant messaging apps in the world.
What is USDT?
USDT is a cryptocurrency stablecoin also called Tether. It is an asset-backed crypto stablecoin that is pegged to the U.S. dollar at a ratio of 1:1. Basically, it means that 1 dollar is the same as 1 USDT.
It is different from other cryptocurrencies like Bitcoin, Ethereum, Litecoin, and so on because while these other cryptocurrencies can experience significant fluctuations in their prices, the USDT cannot since it is designed to maintain a stable value.
Getting Started With TON on Telegram
Recently, it was announced that Telegram users can start making USDT payments to each other through the encrypted messaging service’s linked blockchain i.e. The Open Network (TON)
If you have no idea what TON is, don’t worry we’ll get to it in a sec.
When Telegram’s team started exploring blockchain solutions for themselves, they tried to find a Layer 1 blockchain that is able to handle their user base which is a lot. They couldn’t find any Layer 1 blockchain that could do that, and so they decided to design their own Layer 1 blockchain from scratch.
They built one, and called it TON, i.e. Telegram Open Network.
TON was formerly known as Telegram Open Network, but is now known as The Open Network. It is a decentralized Layer 1 open network that now allows users to trade crypto, shop online, play games with NFTs, and make payments all on Telegram.
Speaking of payments, you can also send digital dollars, i.e. USDT using TON. Digital dollars are based on USDT, which is the stablecoin backed by the US Dollar, and you can send and receive them on Telegram. Telegram says it’s as simple as sending a message.
How does it work?
Before you can start using TON in Telegram, you need a wallet. Think of it as a place to store and receive your USDT. This wallet also allows you to connect with other apps to trade crypto and perform other crypto-related transactions.
To do this, you have to look for the Wallet bot on Telegram. The wallet bot acts like a custodian wallet in Telegram, and allows you to send and receive $TON which is the native cryptocurrency of the blockchain, Tether ($USDT), and $BTC on Telegram.
This wallet is tied to your Telegram account, and there is no risk of losing your private keys. To set it up, all you need to do is type “@wallet” into the Telegram search bar and follow the prompts.
It takes less than a minute and your wallet is set and ready.
You can also decide to add crypto by either using your card or local payment method, or buying in a P2P market without intermediaries, or by receiving from an external wallet.
Benefits of sending USDT on Telegram
- Zero Fees
When you send USDT through Telegram, it’s absolutely free as you don’t have to pay any fees. So your receiver receives the same amount you send or at least intend to send.
- Instant transactions
Well, just like any other crypto exchange, Telegram also promises instant transactions. Transactions made on Telegram are instant and direct.
- You’re sending to people, not addresses
You can send USDT directly to your Telegram contacts that do not have wallet addresses.
Join Dtunes on Telegram
Telegram is a popular messaging app widely used by cryptocurrency communities to have discussions and share useful information.
You can join the Dtunes Telegram channel to stay abreast about the latest happenings, market rates, and so on within the crypto market.
Join here: https://t.me/DtunesApp
Conclusion
Stablecoins are a great options for people who want to get involved in cryptocurrency, but do not want the heat of volatility. Because their prices are pegged to an underlying asset, they are less volatile when compared to cryptocurrencies like Bitcoin and Ethereum.
Getting started with TON on Telegram is a perfect way to get involved in the crypto craze.
