Mini-Applications And Stablecoins Become Creator’s Economic Motorcycles

Messaging applications will incorporate mini-applications and Tether (USDT) into their services to enable smooth peer-to-peer interactions on Telegram, which has 900 million users. Many users will be working with cryptocurrencies for the first time and will not realize it.

Developers will also benefit, as stablecoins will allow them to more smoothly launch e-commerce, paid content, games, and other business activities on the Layer 1 Blockchain Open Network (TON), the TON Foundation said. Investment Director Justin Hyun said this at the Token2049 conference. In Dubai. Telegram also continues to launch TON-based wallets.

Hyun believes that the launch of Tether on TON will truly open up the creator economy that is already occurring on TON and Telegram, as users will no longer have to go through hurdles to obtain different types of cryptocurrencies and tokens. he said. “The most interesting use cases are those related to viral social mechanisms, which is why games are being created every day that are supported through Telegram mini-applications.”

These products can be used without downloading any external apps. The benefits are obvious. Hyun gives an example of the Catizen game. When the developer switched from another blockchain to his TONS, the number of users increased to 2 million in 2 months, and in the previous year and a half it was 600,000.

Other media socials are highly divided geographically. “We’ve seen the emergence of super apps that can’t break through the walls,” Hyun said, citing China’s WeChat, Japan’s LINE and South Korea’s KakaoTalk as examples. The global His TONS and the original His USDT eliminate the need for local payment gateways. Tether also allows Telegram to avoid payment limits imposed by Google and Apple.

TON is returning to its original vision, which was hampered by the open network’s inability to launch new coin offerings in 2020 due to a rejection by the U.S. Securities and Exchange Commission, Hyun said. TON Foundation was founded in 2021 by an open source developer who took over the project.

Tag: Telegram Crypto

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