Telegram, the chat app that cares about privacy, is expanding the uses of Stars, the digital currency it just released. Stars were first added for in-app purchases in mini-apps.
Now, they are being added for paid material so that channel owners can profit from their photos, videos, and posts.
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Cryptocurrency Integration: Telegram’s Move
This strategic approach expands Telegram’s content creator revenue and integrates its in-app economy with the cryptocurrency ecosystem. The firm now lets channel owners change stars into Toncoin, the native cryptocurrency of The Open Network (TONNE) blockchain.
Content creators may use Stars since it gives direct access to a well-established cryptocurrency with a significant market value. Telegram’s relationship with the TONNE ecosystem may boost Toncoin’s demand and adoption.
Embracing Blockchain: Telegram’s Trend
Telegram’s adoption of Bitcoin follows a trend among social media networks to use blockchain technology and digital assets to engage and monetise users. Stars and Toncoin’s integration offers exciting prospects, but regulatory compliance and user adoption are concerns.
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To use Stars and Toncoin legally and securely, Telegram must navigate the changing cryptocurrency regulatory landscape. This project will succeed if Telegram successfully communicates the benefits to users and content developers.
The introduction of Telegram’s Stars and Toncoin digital currencies represents a significant step forward in the ongoing evolution of the cryptocurrency ecosystem. It indicates that the organisation is committed to innovation and eager to explore new routes for expanding user engagement and monetisation opportunities.
Over the next few months, we will see how this new development will affect the future of Telegram and how it will play a role in the proliferation of cryptocurrency use within social media.