Telegram Brings New Digital Currency to Facilitate In-App Transactions

Source Livebitcoinnews

Telegram launched the ‘Stars’ token, allowing users to avail digital goods and services from the social platform’s numerous mini apps. Stars is an in-app asset that ensures users can pay for services effortlessly through the app.

Mini-app developers can exchange the Stars for Toncoin (TON) – the native asset of the TON chain, a blockchain network developed and powered by Telegram. They can exchange the tokens on Fragment, a platform on which Telegram users often buy and sell usernames.

Pavel Durov, Telegram’s CEO, mentioned in a post, “With Telegram Stars, mini apps can now accept payments for digital services using the simplest payment method possible – in-app purchases on Android and iOS”. He added, “Mini app developers can withdraw their Stars via Fragment using TON. They can also use Stars to further promote their apps on Telegram — on preferential terms!”

Since Stars is an in-app token, acquiring it on Telegram will incur a 30% commission paid to Apple or Google, depending on the device used. Telegram will offer subsidized advertising on the platform as a benefit for developers paying for the advertisements in Stars, taking advertising-related commissions close to 0%.

With future updates, Telegram will add new functionalities to Stars, letting content creators monetize their work on the platform using the token. Its introduction can bring numerous monetization models within Telegram’s social layer and its burgeoning mini-app ecosystem. This, alongside the advertising commission subsidies, will incentivize developers to build the next generation of apps in the Telegram ecosystem.

In the same post introducing Stars, Pavel said, “The recent mini app boom has already made Telegram the main destination to launch new apps. Stars and ad subsidies bring this to a new level – unprecedented in the history of social media.”

Telegram is making tremendous strides in the decentralized space. Notcoin, a mini app launched on the platform, was in the news recently for making massive noise in the community. Users can earn the NOT token by interacting with the app’s social challenges through its ‘tap-to-earn’ model. The TON blockchain is also facilitating the development of various Web3 use cases, with the Toncoin’s market cap now in the tens of billions.

 

Image by Victoria from Pixabay

The post Telegram Brings New Digital Currency to Facilitate In-App Transactions appeared first on Live Bitcoin News.

Disclaimer: For information purposes only. Past performance is not indicative of future results.
placeholder
Gold Price Forecast: XAU/USD drifts lower below $2,800   after Trump imposes tariffsGold price (XAU/USD) edges lower to around $2,795 during the early Asian session on Monday.
Author  FXStreet
Feb 03, Mon
Gold price (XAU/USD) edges lower to around $2,795 during the early Asian session on Monday.
placeholder
U.S. March Nonfarm Payroll Preview: Even If Data Aligns with Expectations, Financial Markets May Not Escape the Fate of VolatilityOn 4 April 2025, the United States will release its March Nonfarm Payrolls (NFP) data. The market consensus currently anticipates job growth of 128,000, a decline from February’s 151,000 (Figure 1). W
Author  TradingKey
Apr 02, Wed
On 4 April 2025, the United States will release its March Nonfarm Payrolls (NFP) data. The market consensus currently anticipates job growth of 128,000, a decline from February’s 151,000 (Figure 1). W
placeholder
What Crypto Whales are Buying For May 2025Crypto whales are making bold moves heading into May 2025, and three tokens are standing out: Ethereum (ETH), Artificial Superintelligence Alliance (FET), and Onyxcoin (XCN).
Author  Beincrypto
Apr 21, Mon
Crypto whales are making bold moves heading into May 2025, and three tokens are standing out: Ethereum (ETH), Artificial Superintelligence Alliance (FET), and Onyxcoin (XCN).
placeholder
Gold Price Forecast: XAU/USD attracts some sellers below $3,250 on firmer US DollarThe Gold price (XAU/USD) extends the decline to around $3,245 during the early Asian session on Thursday. The precious metal edges lower to near a two-week low amid easing US-China trade tensions and stronger US Dollar (USD) demand. 
Author  FXStreet
Yesterday 02: 14
The Gold price (XAU/USD) extends the decline to around $3,245 during the early Asian session on Thursday. The precious metal edges lower to near a two-week low amid easing US-China trade tensions and stronger US Dollar (USD) demand. 
placeholder
Ripple Price Forecast: XRP builds bullish momentum as Ripple eyes Circle with $5B acquisition bidRipple’s (XRP) price is consolidating at $2.21 at the time of writing on Thursday, reflecting sideways trading in the wider cryptocurrency market. There is a growing need for XRP to hold above the immediate $2.20 confluence support to validate the potential breakout targeting $3.00.
Author  FXStreet
18 hours ago
Ripple’s (XRP) price is consolidating at $2.21 at the time of writing on Thursday, reflecting sideways trading in the wider cryptocurrency market. There is a growing need for XRP to hold above the immediate $2.20 confluence support to validate the potential breakout targeting $3.00.
goTop
quote