We’re super excited to unveil our latest integration – an on-ramp for the TON (The Open Network) Blockchain ecosystem and the Toncoin.
From now on, users can seamlessly purchase Toncoin on both the TON network and Ethereum via Ramp through our network of integration partners.
This isn’t just another integration. It’s a bridge designed to connect hundreds of millions of Telegram users with the world of Web3 through TON.
What is TON?
TON was initially developed by the popular messaging app Telegram and later taken over by an independent community of contributors. It was designed to become the underlying platform for Telegram users to interact with Web3.
The Toncoin is the native cryptocurrency of the TON network, used for transaction fees and to secure the network. The TON blockchain itself has just been crowned as the world’s fastest blockchain, with an astounding capability to process over 100,000 transactions per second, beating out the likes of traditional payment processors such as VISA, who process around 65,000 transactions each second.
Telegram, with its 800+ million users, has started working with TON to integrate and promote TON-based Web3 ecosystems.
The company has already enabled a TON wallet to appear within the Telegram Messenger, the first among their extensive plans to increase the scope and reach of Web3 functionality within the app.
Why this integration matters
Telegram, one of the world's most popular messaging platforms, has an active user base spanning 800+ million active users. With the growing popularity of blockchain and crypto-based interactions, these users are on the brink of diving into the world of Web3.
By integrating our on-ramp, we’re facilitating a smooth, secure, and compliant way for Telegram users to purchase the TON blockchain's native cryptocurrency, Toncoin ($TON), using their familiar fiat currencies.
Once they acquire $TON, users can delve deeper into Web3, taking part in network operations, and even purchasing digital assets ranging from NFTs to Web3 gaming accessories.
Our CEO, Szymon Sypniewicz, aptly sums it up:
“We’re thrilled to team up with TON and open up the doors to Web3 for hundreds of millions of Telegram users. By allowing users globally to purchase TON using their local currencies and preferred payment method, we’re working with TON on a joint mission to build a decentralized future for everyone” – Szymon Sypniewicz, CEO at Ramp
The Ramp way
Our integration isn't just about buying $TON. It's about giving businesses the tools they need to seamlessly integrate crypto transactions into their apps.
Developers can effortlessly embed Ramp’s on- and off-ramps, allowing their users to buy $TON, among other tokens, from within their native applications.
And for those wondering about payment options – we've got you covered. From bank transfers and credit/debit cards to modern payment methods like Apple Pay, Google Pay, and even PIX (a favorite in Brazil), we ensure global accessibility with a local flavor.
The potential of TON is massive, as evidenced by its recent 8-figure investment from MEXC. Their vision of morphing Telegram into a Web3 super app has the power to redefine digital interactions and expand its user base phenomenally. We're thrilled to be part of this transformative journey.
Whether you’re a crypto business or just eyeing the next big leap into the Web3, Ramp is your trusted partner. Get in touch and let’s build the future together.