Developers are working on a blockchain service on Telegram that could drive cryptocurrency adoption to new heights.

Previously, Telegram, a leading instant messaging service provider, made headlines due to its intention to incorporate cryptocurrency into its operations.

This discovery made it the darling of many crypto enthusiasts, who saw it as a vehicle to drive mass adoption of the industry, but the dream quickly faded.

However, a recent Forbes report suggests that the project may be resurrected.

Will Telegram Include a Crypto Option?

According to Forbes, some Telegram Open Network (TON) developers may be planning to launch their own version of the project that will be integrated with the platform.

According to the report, the revived project now has the backing of some of the key associates of Telegram founder Pavel Durov. Aside from that, it has the backing of "third-party developers and product creators."

Speaking about the project's new grand design, Oleg Andreev, a developer working on it, stated that the design is being created in such a way that it can be integrated with Telegram.

Aside from that, it is intended to be interoperable with cryptocurrency exchanges. The developer did not rule out the use of the payment option in the gaming world.

The Founder's Tacit Support for the New Development

Durov had previously warned the public against projects claiming to be similar to TON, claiming that they do not have his company's blessing. However, towards the end of last year, he sent a cryptic Telegram message in which he stated:

I was inspired to see the winners of Telegram's coding competitions continue to work on the open TON project. I'm proud that the technology we developed is still alive and well. When it comes to scalability and speed, TON is still light years ahead of the competition in the blockchain space.

This implies that the popular messaging site's founder may be up to date on the latest developments surrounding the project.

Telegram's blockchain activity had reached a climax when it raised over $1.5 billion from notable investors in two pre-sales events.

The events had compelled authorities in the United States to take action, claiming that the firm was selling unregistered securities to US residents.

While Telegram has denied any wrongdoing, it has been forced to reimburse its investors because it was unable to continue with the project.

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