Telegram has introduced a groundbreaking feature called Telegram Stars, revolutionizing the payment system within the app. This innovative platform enables developers to monetize their digital products and services seamlessly. Telegram Stars is an in-app currency that can be exchanged for TON, the native token of The Open Work Network, on the Fragment exchange.

Pavel Durov, Telegram's CEO, announced that this payment system aligns with Apple and Google's digital product sale policies, ensuring compliance while offering developers an alternative revenue model. Developers can use their earned Stars to advertise their apps within Telegram, and the platform will compensate them with subsidies, reducing the commission rate to nearly zero.

The launch of Telegram Stars is part of Telegram's strategy to attract and retain developers by providing effective monetization tools. By integrating blockchain technology, Telegram is positioning itself as a competitive app development platform. The introduction of Telegram Stars also reflects the company's commitment to blockchain technology, despite past legal issues with its Telegram token, Gram.

Sphere Labs has also released an extension that enhances Telegram's financial features, allowing users to transfer money between bank accounts and e-wallets easily. This partnership aims to bring convenient financial transactions to Telegram's vast user base, especially in non-sanctioned countries.

In conclusion, Telegram's innovative payment system and Sphere Labs' extension have unlocked new revenue streams for app developers and enhanced the platform's utility. As Telegram continues to integrate blockchain technology, it is poised to become a leading app development platform, offering developers a competitive edge in the market.