Telegram Unveils Payment System for App Developers

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As a seasoned crypto investor with a deep understanding of the market and its dynamics, I’m excited about Telegram’s new feature, Telegram Stars. This development is a game-changer for developers and creators on the platform, simplifying the monetization process and providing an alternative revenue model that aligns with Apple and Google’s digital product sale policies.

Telegram introduced a fresh feature called Telegram Stars, designed to enhance the existing payment systems on the platform, primarily benefiting app creators.

This improvement aims to streamline the process of earning money for content creators and app developers using our platform.

Telegram Stars: A New Payment Gateway

Pavel Durov, the CEO of Telegram, announced that they are introducing Telegram Stars – a new payment system. With this feature, users can buy digital goods and services directly through the app, which is available on iOS and Android platforms. Telegram Stars utilizes an internal currency called “Stars,” which can then be exchanged for TON, the native token of The Open Work Network, on Fragment exchange.

This functionality adheres to the digital sales policies of Apple and Google, enabling developers to provide an alternate revenue stream while maintaining compliance.

As a researcher studying Telegram’s app ecosystem, I’ve discovered that developers who accrue Stars – Telegram’s recognition system – can utilize these Stars to promote their apps within the platform. Durov underscored another significant benefit of this setup during his remarks, explaining,

When users purchase Stars through Apple or Google, these companies charge a commission of 30%. In contrast, Telegram does not take a cut from Stars used for advertising within its platform. As a result, if developers utilize Stars to promote their apps, the overall commission they pay approaches zero.

As a researcher studying app development trends, I’ve discovered an intriguing finding. Due to the availability of subsidies, creating and launching applications on Telegram becomes a financially advantageous option compared to established platforms like Apple and Google.

Enhancing Platform Utility and Developer Benefits

Telegram’s introduction of Telegram Stars is part of their overarching plan to draw in and keep developers on their platform. They aim to do this by offering developers the means to profitably monetize their apps through reduced commission fees, effectively making Telegram a formidable contender in app development and distribution.

Telegram’s addition of Telegram Stars demonstrates their continued dedication to incorporating blockchain technology into their offerings. Despite facing challenges in the cryptocurrency world, such as the termination of their Gram token due to regulatory issues, Telegram remains engaged in the realm of blockchain technology.

As a blockchain analyst, I’ve observed that the Token (TON) integrated into Telegram’s Stars ecosystem serves a dual purpose. It’s not just limited to facilitating transactions, but it also plays a crucial role in enabling withdrawals. This demonstrates the practical application of Telegram’s blockchain technology in the real world.

Sphere Labs Enhances Telegram’s Financial Features

I. Sphere Labs has recently introduced a novel extension for their app that enhances users’ financial management experience. II. This new addition streamlines the process of transferring funds between bank accounts and e-wallets, thereby boosting usability by integrating banking features. III. Users can now enjoy swift and smooth transactions with minimal hassle, and at an affordable cost of just 0.1% per transaction. IV. Given its efficiency and affordability, this extension is poised to significantly contribute to the financial aspect of Telegram.

Through this collaboration, we aim to offer simple and hassle-free financial transactions to a vast number of Telegram users, including those residing in nations with restricted access to USD or EUR banking services.

As a crypto investor, I’ve noticed some exciting developments in the market recently that have affected the price of TON. Following a 24-hour bearish trend that saw the price drop to a low of $7.13, TON has experienced a bullish recovery at press time. The coin is now trading at $7.43, representing a 0.44% increase in price. Additionally, there’s been a 1.08% surge in market capitalization, pushing it up to $18,041,206,119.

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2024-06-06 22:16