Telegram planning $500 Million ICO

Unlike most ICO companies, Telegram has an established business but it is not clear if that business makes any money.

The plan is for Telegram users to send money through TON, which would transform Telegram from a humble messaging app to a financial network. That would make it a sort of PayPal or Venmo for blockchain applications. It would also be perfect for international remittances, money immigrants send to folks back home.

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