Telegram developer’s cryptocurrency grew by 29% in a week

The Toncoin (TON) token quotes approached the $ 2 level but failed to overcome the psychological milestone. According to CoinMarketCap, the asset grew by more than 4% over the day, and by almost 29% over the past 7 days.

on September 4, the asset can be purchased for an average of $ 1.89 with a market capitalization of $ 6.48 billion. Traders made daily trading deals worth $ 29.02 million.

In August, the number of registered addresses in the project’s network exceeded 3.2 million. At the same time, the official bridge between TON and Ethereum supported the transfer of all ERC-20 tokens.

In July, the developers integrated message encryption into the TON network. This ensures that only the sender and recipient can see the encrypted information.

In the summer, Telegram launched Wallet Pay, a new service that allows chatbots of various companies to accept cryptocurrency payments in the messenger. Currently, Wallet Pay works with bitcoin, Toncoin, and Tether USD. The service is available in most countries of the world, including those regions where payment for goods and services with cryptocurrency is prohibited by law. In these cases, Wallet is responsible for compliance with the requirements of local companies.

«Before applying to use Wallet Pay, companies should clarify whether they are allowed to do business within their jurisdiction,» the company explained.