🎉📱 Telegram creates its own digital currency

Morgan Ellis

🎉📱 Telegram creates its own digital currency

The new currency is called “Stars” and is scheduled to launch on June 12. Durov’s currency is intended for the payment of goods and services in bots and mini-apps within the messenger.

➡️ Background. Previously, users (including iPhone owners) could interact with "Telegram" directly, but the Apple Store was not happy with this dynamic... However, users were very satisfied: by purchasing outside the App Store, they saved up to 40%.

➡️ Development. Durov introduced his own internal purchase system. Telegram app developers will be able to convert “Stars” into Toncoin (TON), allowing them to manage the funds received flexibly. However, it is still unknown whether the old payment method will continue to work in apps downloaded outside the App Store and Google Play.

➡️ When the news of the new currency spread, the price of “Toncoin” increased significantly...

➡️ The App Store warned Telegram about possible violations related to payment mechanisms. Developers were informed about the possibility of purchasing Stars through the App Store and Google Play, albeit with a 30% service fee.

➡️ Additionally, the "Telegram" team is working on a new login method to improve user security. A new authorization step could be a secret phrase or word.

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