The popular messenger Telegram will release their own cryptocurrency, according to unconfirmed sources from Facebook. Anton Rozenberg, former employee of Telegram's publishing division Telegraph, posted a video on his Facebook page detailing the upcoming “Telegram Open Network” (TON). He hasn't disclosed the source, but the video itself is quite interesting. According to it, Telegram will utilize the blockchain network to create a cryptocurrency of their own.
Besides, Pavel Durov himself, the creator of Telegram, said in his earlier interview to Bloomberg, that his messenger is a charity for people who live under oppressive governments and that he plans to monetize it only in 2018, and even then just enough to finance the expansion, no selling out. The important bit being about plans for 2018. So, it's quite possible, in hindsight, that he was referring to TON.
The described technology will allow for fast transactions because of multi-blockchain implementation and dynamic scaling by splitting the chains in real time. Also the clients wouldn't have to download and run heavy blockchain apps, only a light wallet, which will probably be embedded into the messenger itself.
That is, actually, a big bonus for TON, because right now Telegram boasts more than 180 million users, so their virtual currency wouldn't have to go through a lengthy adoption stage – just signing up all current users will get a wider coverage, than any other emerging crypto.
Telegram's rising popularity among crypto enthusiasts can be contributed to its end-to-end “hack-proof” encryption, servers location being a secret and, on top of that, multiple refusals by Pavel Durov to release users' personal information to any government agency in the world, regardless of lawsuits and even being declared a terrorist by Iran court in absentia.