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Telegram Super App Is Being Built With The Support Of Tencent

Telegram-Super-App-Is-Being-Built-With-The-Support-Of-Tencent

Key Points:

Telegram plans to become a super app like WeChat, allowing mini apps within its platform.
Partnerships with the TON Foundation and Tencent Cloud support this strategy, aiming for decentralization and global expansion.
Telegram aims to emulate WeChat’s diverse functions and decentralized payments.

According to TechCrunch, Telegram is making a significant move towards a super app ecosystem, emulating the strategy employed by WeChat. This strategic shift will empower third-party developers to create mini apps directly within the Telegram platform, essentially eliminating the need for standalone websites.

Telegram Super App Strategy: Emulating WeChat’s Success

To realize this ambitious vision, Telegram is collaborating with established tech and cryptocurrency players, including the TON Foundation and Tencent Cloud. Notably, Tencent Cloud’s involvement hints at insights garnered from WeChat’s success in expanding its user base through in-house payments systems.

The TON Foundation, operating independently from Telegram, provides essential blockchain infrastructure. Recently, they announced a partnership with Tencent Cloud, a subsidiary of WeChat’s parent company, Tencent. This partnership involves Tencent Cloud’s support for TON validators, responsible for authenticating transactions on the blockchain, as well as offering cloud credits and discounts to TON-based projects.

Partnerships with TON Foundation and Tencent Cloud Drive Global Expansion

Telegram’s super app platform is built upon a network of infrastructure partners from both conventional tech and the crypto space, with the TON Foundation being a key player in laying the blockchain foundation.

Currently, Telegram already integrates with 20 payment solutions, and through its Bot Payments API, it charges no commission. They’ve also introduced a self-custodial wallet, developed on the TON blockchain by The Open Platform (TOP), catering to regions where centralized online payments are inaccessible.

This strategic shift positions Telegram as a serious contender in the super app arena, leveraging its massive user base and diverse partnerships.

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Harold

With a passion for untangling the complexities of the financial world, I've spent over four years in financial journalism, covering everything from traditional equities to the cutting edge of venture capital. "The financial markets are a fascinating puzzle," I often say, "and I love helping people make sense of them." That's what drives me to bring clear and insightful financial journalism to the readers of Coincu.