$TON reacts to Telegram’s latest crypto update - AMB Crypto Analytics

Alchemy Pay has integrated with The Open Network (TON), allowing Telegram users to make cryptocurrency transactions directly within the app. This partnership is expected to boost crypto adoption among Telegram’s millions of users, making transactions easier and more convenient. It could also position Telegram as one of the most crypto-friendly platforms.

This move aligns with a broader trend of social media platforms integrating cryptocurrency payments, like Twitter and Facebook. The accessibility of crypto on such platforms could lead to wider adoption and more frequent use in everyday transactions.

Following the announcement, TON’s price saw a significant rise. However, this news comes after Telegram founder Pavel Durov’s arrest in France, which initially caused Toncoin to drop 20%. The integration raises questions about future regulatory scrutiny as crypto payments grow on social media platforms.