The bull run that Bitcoin has been lucky to catch this year (around 200 percent since 2019 arrived), was largely due to technological heavyweights showing an interest either in Bitcoin or in making their own crypto assets.
Facebook’s Libra was one of the best catalysts for the BTC price growth. Crypto apps have made it possible for retail customers to spend crypto in such food giants as Whole Foods, Starbucks, etc.
Pavel Durov’s Telegram announced its team starts working on TON and GRAM token back in early 2018.
About TON and GRAM
Facebook announced the launch of Libra as early as December 2018. However, there was another behemoth, often referred to not only as a messaging app but as a social network – Telegram.
In early 2018, its creator Pavel Durov made public his plans to create TON – Telegram Open Network – and launch a native token GRAM. Telegram boasts around 300 mln users globally. The majority of them are part of the global crypto community.
A GRAM giveway is planned as an incentive for those who will take part in it.
Button Wallet to test BTC trading on TON
The CEO of Button Wallet, Alex Safonov, says:
Cryptos' biggest obstacle is mass adoption and what we’ve created will help people comfortable with trading cryptocurrency without using real money."
On August 26, Button Wallet stated it plans to trial Bitcoin trading on the Telegram’s blockchain platform TON. The former has 300 mln users in all corners of the world, a lot of them are based in countries with oppressive regimes, such as Iran, Russia, Hong Kong, etc, where Internet communications are under strict control of the government.
A user can set up a Button Wallet on Telegram and 6.6 testnet GRAM will be sent to their account. Button Wallet works with quite a few coins, with BTC, ETH and LTC are among them.
Safonov also told Forbes:
With all the fanfare surrounding Facebook’s libra digital currency, there hasn’t been a way to explore digital assets without risk, until now with Button Wallet and the Telegram Open Network."