💸 TON Foundation announced the launch of a cross-chain bridge to transfer BTC to the platform

The TON Teleport BTC solution is designed to involve the owners of the first cryptocurrency in DeFi activity.

☑️ The infrastructure will allow interaction with decentralized exchanges, lending platforms and other applications in the TON ecosystem.

“Storing and using BTC on the blockchain will be as safe as in the cryptocurrency’s own network, but much cheaper and more convenient,” explained the TON technical director.

💵 Every BTC on TON will be backed by real BTC through a teleportation process to secure transactions. The launch of TON Teleport BTC is expected “later” this year.

This is another news that will have a positive impact on the growth of TON as a whole.