Telegram Stars can be swapped for Toncoin, an $18 billion cryptocurrency, on Telegram’s Fragment platform.
Social messaging platform Telegram has launched “Telegram Stars,” a new in-app token that can be used to purchase digital goods and services on the platform.
“With Telegram Stars, mini apps can now accept payments for digital services using the simplest payment method possible – in-app purchases on Android and iOS,” said Pavel Durov, the firm’s CEO in a June 6 Telegram post.
Developers can swap their Stars for Toncoin (TON) — the native cryptocurrency powering Telegram’s “The Open Network” — via Fragment, a platform mostly used to buy and sell Telegram usernames.