TON launches Bitcoin (BTCFi) liquidity on Telegram with cross-chain bridge

TON has launched Bitcoin (BTCFi) liquidity service on the Telegram platform, through a new cross-chain bridge called TON Teleport BTC. This service allows users to transfer Bitcoin between the TON blockchain and other networks securely, without intermediaries. This bridge not only supports transactions but also expands interoperability with DeFi applications and decentralized exchanges, providing a modern and transparent trading experience for users.

TON Teleport BTC is designed with high security, each Bitcoin on the bridge will be backed by a linked BTC to ensure the safety of transactions occurring. Additionally, this platform promises to provide lower costs and higher convenience compared to using Bitcoin on the original network. This will not only help enhance liquidity for Bitcoin but also promote the development and application of the TON blockchain in the increasingly growing cryptocurrency ecosystem.