TON Society Rebuilds Blockchain Presence & Crypto Reshapes South Korea’s Job Market
1. TON Society’s Privacy Commitment & Dirham-Pegged Stablecoin Launch
In this regard, during the Gateway 2024 event in Dubai, Jack Booth, co-founder of the TON Society-an entity representing the interests of users of the TON ecosystem-talked about privacy as one of those very unique selling points for Telegram and the potential of Tether's Dirhampegged stablecoin on the TON Blockchain. Besides earlier controversies, TON has been re-emerging since then as a community-driven blockchain. With more than 800 million users on Telegram, integrating the new functionality of TON with the just-launched Dirham-pegged stablecoin presents actual use cases within remittance corridors such as Dubai to India and the Philippines. According to Booth, this could be a way to allow UAE residents to send money back home better and advance the crypto further into the mainstream of everyday financial needs.
Booth further talked to speculation about recent setbacks, including lawsuits against the service's founder Pavel Durov, and furthered Telegram's commitment to its users' privacy. While all this is happening, the infrastructure of TON is being beefed up toward wider mainstream adoption by an ever-growing community.
2. Crypto's Impact on South Korea's Job Market
The landscape has started changing in South Korea's job market, where crypto investments seem to be the focus for people younger in age. According to reports, while more people in the 40-59 age bracket are looking for part-time jobs, many people between the age brackets of 20 and 39 years have shifted their focus to asset accumulation, such as Bitcoin. Per data from job platforms, job seekers in their 40s and 50s have grown from 14% to 30% since 2021, with the share of younger applicants falling in comparison. According to analysts, this shift is due to some economic challenges and generational changes in the way digital literacy is happening.
According to Kim Jin-hyeok, the head of the Korea Job Consultant Association, young people are having a much more difficult time financially than in previous generations, with so much reliance on speculative investment. It's an attitude that could very well mean a new definition of financial stability in the country, given the rising role of crypto in the economy.
Conclusion:
From the blockchain expansion of TON to the deep impacts of crypto on South Korea's job market, these developments together paint a bright picture of the transformational role that digital assets have played across regions and industries.
